Edens Landing Cheap Investment Property

Edens Landing Cheap Investment Property

Table of Contents

Edens Landing Cheap Investment Property purchased by Brisbane Buyers Agent Alistair Kelsall for well under $400,000. This is another property I have purchased Off Market that is in relatively poorly maintained condition and needs a minor renovation. I love these properties, especially in this market, the median house price in the area is around $450,000 now and I have secured this property at $390,000, but it needs work to get it back into good condition. Once the work is done, however, its value will go straight up to the $450K price range.

What we need to do is recarpet, paint and upgrade the kitchen which will cost no more than $18,000. Add the purchase price of $390K and I should be able to create about $40,000 worth of instant equity.

Purchase Type

This property was purchased Off Market which means that it has not been made available to the general public. This removes market competition keeping the price at a reasonable level.

Returns

Rental return when complete should be at least $450 per week giving my client a return of 5.7%.

Virtual Tour

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Contact Alistair

Call 0405 131 333