Location
Logan Council Area, QLD

Type of Property
House

Reason for purchase:
Investment/Development

Purchase Price: $400,000

2nd Dwelling construction $150,000

Total Rent: $680.00 per week

Current rental yield 6.4%

Client brief:

After helping our client’s purchase an investment property in Bondi, they wanted the next purchase to a positive cash flow property that also had some development upside. After a couple months of searching we secured the ideal property that was on a 1500qm block of land with the house located in the middle of the block. We assisted the clients build a granny flat on the back of the property which dramatically increased the rent. The granny flat has been strategically positioned on the site so it can be strata titled from the main house in the future, which will create an uplift in value.  

The property still has further development upside as the front of the block can be subdivided and sold or they can build another house which will boost their income and equity even further.

So the property has potential for 3 incomes and 3 separate property titles.