This amazing property was purchased for our Sydney based clients. They are a young family. This was their first investment property purchase. They were looking for a low maintenance property.
It is a 3 bed, 1 bath, 1 car garage on a 600 sqm corner block.
The purchase was $618,000 and a rental income of $470 per week. Their strategy is capital growth over the long term.
Here is what they purchased as part of the Property Twins Buyers Agency
Property Type: 3-bedroom house in South East Queensland
Purchase Price: $618,000
Rent: $470 per week
Rental Yield: 3.95%
Vacancy Rate (Current): 0.3%
Strategy: Capital Growth
Metro / Regional: Metro – 31.4 km / 32 minutes’ drive from the CBD
Renovation Required: No
Due Diligence Completed:
- Leveraged qualitative & quantitative factors to determine location, type of property, cash flow and risk-based analysis to zero in on the right property.
- Discarded lemon deals presenting hazards and high risk (avoiding key mistakes)
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