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 #16 – 12th Oct 2015
Address: 22 Wall Street, Bundamba, QLD 4304
Area: Ipswich City
Property Type: 3 Bedroom, 1 Bathroom, 4 Car House
Land Size: 809sqm
Estimated Market Value: $315,000 (sign up below to get the full valuation report)
Listed Price: $279,000
Rental Return: $300 to $320 per week (according to agent) (5.6% yield)
Affordability: $36/wk to own (calculated for an investor with an income of $50k/yr).
High capital growth potential, a discount below market value, and future development potential. These three ticks can’t be ignored.
This property has been listed for $279,000 by a motivated Vendor. The estimated market value of the property is $315,000 (sign up below to get the full valuation report) which potentially puts you $36,000 in front from day 1.
High capital growth potential
Ipswich City has an estimated population of 188,000, which is projected to rise to 435,000 by 2031. It ranks in the top six Queensland Local Government Areas for population growth.
The Ipswich corridor is well-known as a growth region, and the market growth across the Greater Brisbane area is starting to be felt in Ipswich City, boosted by good amenities and affordability in this area.
There remain many suburbs that are attractively affordable for first-home buyers and investors on a budget.
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 (809sqm) 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 Ipswich City as a growth area
- Links to the resources we’ve used for our research