Bracken Ridge Deep Water Bend Estate is a little estate in Brisbane that will give high returns for many years to come. This is an in-depth look at the estate that should give you an idea as to it’s true potential.
Bracken Ridge Deep Water Bend Estate is located 14 klm’s North of the Brisbane CBD and has access to major roads leading to Brisbane, The Gold Coast and the Sunshine Coast so it is ideally located as far as transport goes. It is also only 1 kilometre from the Pine River and park land reserves so families will be attracted to the suburb.
The estate is located north of Carseldine and Bridgeman Downs where the average house price is over $700,000.
The most important 2 factors about this estate are the location, it is South of the Pine River that creates a natural divide between the lower Northern Suburbs and the prolific Northern suburbs of Griffin, Northlakes, Murrumba Downs and Mango Hill.
Deepwater Bend estate will have it over the more north estates for growth and high returns. There is no more land other than what is available now and you need to be quick to get in here. Once all the land is sold and building gets under way you won’t find any more areas likes this on the southern side of the pine river and that will drive these prices up. It’s closer to Brisbane and everyone knows that property values increase in concentric circles away from any major CBD.
There are many schools in the area less than 5 minutes away by car as well as major shopping centres and medical facilities. The suburb is well serviced.
All properties are around the 203 m2 size with 4 bedrooms and 2 bathrooms plus double lock up garage. Land sizes range from 450 m2 upwards which is much larger than the small 350 m2 blocks being offered in the more northern regions of Brisbane.
Rents are expected to achieve around the $510 per week mark and we have successfully reached these amounts in properties close to this estate. This gives you a return of 4.8% which is very high.