value add property with renovation and future development available

The Details

Location: Brisbane, QLD

Type: Off-market residential

Purchase Price: $510,000

Rent: $550 p/wk

Rental Yield: 5.61 %

Vacancy Rate: 0.61%

Total Area: 603 sqm

WHY WE LOVE THIS PROPERTY:

Growth location

Offers development upside in the future as per the surrounding developed sites in the area (STCA)

Great long term growth prospects and some value add opportunities through small renovations and granny flat potential in the future STCA