Every day I search the Brisbane property market for good investment properties for my clients.
Every Monday I send one out for free to give you an insight into how an investor finds and assesses properties.
Property of the Week #7 – 10th August 2015
Address: 34-36 Judith St, Creastmead, QLD, 4132
Property Type: 5 Bedroom, 2 Bathroom, 3 Car House
Land Size: 1263sqm
Estimated Market Value: $437,000 (sign up below to get the full valuation report)
Listed Price: $420,000
Rental Return: $470 per week
Affordability: Costs $6/wk to own (calculated for an investor with an income of $50k/yr)
This property represents a good investment because it’s a Triple Whammy Deal…
High capital growth potential
Logan City has more suburbs with rising sales activity than any other Local Government Area in Australia. Research over time shows that Jobs + Infrastructure + Affordability + Rising Sales Volumes = Price Growth, and Logan City has all four of these factors well and truly covered.
Discount below market value
This property has been listed at $420,000. The estimated market value of the property is $437,000 (valuation attached to the full report) which represents a discount (or instant equity) of $17,000. A skilled negotiator could almost certainly pay even less for this property, and the greater the discount you can negotiate the more instant equity you secure for your portfolio.
Future renovation or development potential
This is a good investment property as is, and can be rented out immediately. But it also provides potential to add value in the future because it is situated on a large double-block that has the potential to be subdivided or developed later on.
Get the full details, analysis, and research…
Join the Property of the Week Club to get the full report on this property. It includes:
- The valuation report
- The rental appraisal
- Cost calculations for an investor earning $50k p.a.
- Profile of the Logan City area as a growth area
- Links to the resources we’ve used for our research