Purpose of purchase: Investment

Property type: Low set brick home (3Beds + 1Bath + 1Car park)

Land size: Flat 600m2 block of land

Budget：$500,000 – $600,000

Purchase price: $570,000

Purchased on: July 2022

Yield and rental info:
Leased at $500/week
Rental yield on purchase of 4.56%
Based on last year of sales, Mount Warren Park has achieved a 31.2% capital gain.

Property features:

• 3 carpeted bedrooms with built in wardrobes
  
• Renovated bathroom with separate shower and bath
• Side access allowing for the option of a large shed
• Fully fenced backyard

How this purchase met the clients brief:

• Ready to move in
• Low maintenance
• Logan suburbs

This local investor has a busy lifestyle. She works in the medical field and is required to work shifts. She had attended many open homes but had no success in finding any suitable properties within her budget. It was getting difficult and stressful for her to manage time off to attend open homes and search for her investment property. This is when she decided to use an experienced buyer’s agent to help! After a solid amount of research and a few open homes in the areas that she was considering, we suggested she consider Mount Warren Park which is a family based suburb and is situated approximately halfway between Brisbane CBD, Gold Coast, Ipswich and Redland Bay.

This property is a short distance to Schools, Kindergartens and a variety of local shops including Coles and IGA. Also conveniently located nearby are Sports fields, gyms, the Mt Warren indoor sports centre, Mt Warren Park Golf Club and Mt Warren Lanes. In a high demand rental market situation, we have found the right tenant for this client and she has already started receiving the rental income. Another happy client!