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 #11 – 7th Sept 2015
Address: 17 Rosewood St, Daisy Hill, QLD, 4127
Property Type: 4 Bedroom, 2 Bathroom, 3 Car House
Land Size: 876sqm
Estimated Market Value: $519,000 (sign up below to get the full valuation report)
Listed Price: $499,000
Rental Return: $520 per week
Affordability: Costs $21/wk to own (calculated for an investor with an income of $50k/yr).
This strategy for this property centres on capital growth, a discount below market value, and future development potential…
High capital growth potential
The Logan City area 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.
I just finished saying (last week) that the right property isn’t always the one “on special” and up pops a potential $20k discount!
This property has been listed at $499,000 by a motivated Vendor. The estimated market value of the property is $519,000 (sign up below to get the full valuation report) which potentially puts you $20,000 in front from day 1. A skilled negotiator could almost certainly pay even less.
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 block (876sqm) 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 Region as a growth area
- Links to the resources we’ve used for our research