Kate was looking for her first investment property. In the short term, Kate was looking to reduce her tax bill and over-time create equity in the property to purchase a home in Sydney.
About The Property:
3 Bed / 1 Bath / 1 car - 546m2
This property presents really well and is the perfect first investment, there are only a handful of properties valued under $500,000 in the Aspley region. The surrounding area was full of nice, well-kept family homes and a noticeable amount of properties being renovated. The potential to add value to this property is not significant, although there is the possibility to extend out to create a larger living area and outdoor deck in the future.
16.2km to the Brisbane CBD
10min walk to supermarket and shopping centre
Purchased in a rising market
In close proximity to bus and train stops
Did We Renovate:
We undertook some improvements such as a new front fence, increasing the height of the balcony railing to meet council code, removal of the back shed, wardrobes for each room, new window furnishings, and updated plumbing.
Gross Rental Yield:
Detailed brief and confirmed requirements with a reverse brief to the client
Presented research findings and suburb due-diligence with our recommendations
Commenced search and viewed properties on behalf of our client
Presented recommended properties with the key information and cash flows
Set the auction bidding strategy
Bid at the auction on behalf of the client
Liaised with the client's solicitor and mortgage broker throughout the process
Undertook a full renovation feasibility
Presented extensive data to show the potential of the property post-renovation
Recommended property managing agent
Worked with the property manager to secure a tenant