Purpose of purchase: Investment

Property type: Rendered two levels brick home (6beds + 3Baths +2Car parks)

Land size: 536m2

Budget：$1mil – $1.1mil

Purchase Price: $995,000

Purchased on: Apr 2021

Yield and rental info: 
Currently on a lease at $800/week
Rental yield on purchase of 4.18%
Based on last year of sales, Coorparoo has translates to a 43.4% capital gain.

Property features:

• Accommodate the largest of families, each level has three bedrooms plus cinema room downstairs
• Adjoining the dining area, the beautifully presented kitchen has ample bench and storage space, soft close cabinetry drawers.
• Access the balcony overlooking the pool below and across to Whites Hill reserve.
• Downstairs an additional three bedrooms, all with built in robes, offer further accommodation for the growing family.

How this purchase met the clients brief:

• Criteria was set on buying a house in suburb within 20 minutes to CBD
• Under client’s budget
• Good growth area with reasonable rental yield
• Huge family home for his extended family

This client is planning to relocate to Brisbane in a few years and would like to rent out the property while they are still overseas. He had tried to make a couple of offers and decided to engage someone who is trustworthy and experienced to find him a family home to reside in. 

Originally, he was looking for a house on a big block of land to build extra bedrooms for his extended family. However, we found him this 6 bedrooms house, which perfectly suited his purpose.

The property is in a prime location in Coorparoo, close to Camp Hill Marketplace and various dining options, as well as the walking trails and recreation areas of Whites Hill Reserve.