DISCOUNTED BY $70,000
The developer must exit this land, he has purchased 2 blocks and needs to sell this one at a greatly reduced price.
His loss is your gain.
This property is too good to miss out on and has just been given a number of Free Updates from Investate and the builder.
20 John Bright St Moorooka is the address of our latest investment property package we have just put together, Located just 7 kilometres South of the Brisbane CBD and with 500 meters of the trains Station, this property location is superb.
The property is on what we call an infill block which is a block of land that has been sub divided and sold off. This gives the opportunity to purchase a brand new home within a highly desired suburb, less than 10 kilometres to the Brisbane CBD.
This property will create instant equity.
In a normal market, this land is worth $440,000 every day of the week. In a quiet market like the one we are in right now, the land is worth $405,000. But right now this block of land is being sold at $335,000. That is a massive discount.
Median House Price for Moorooka
The median House price in Moorooka for a 4 bedroom property is $735,000. This total package is priced at $613,310. Over $100K below the Median House Price. This gives the property a great deal of room to increase in value in a very short period of time.
Supply and demand in Moorooka
Moorooka is listed as a High Demand Suburb
There is only 1 other block of land for sale in the suburb and it is listed at $425,000. see below.
There is only 2 other 4 bedroom properties available for rent in the suburb of Moorooka. One is priced at $850 per week and the other $600 per week. In all my calculations I have used a very conservative rental income of $540 per week.
This property will cost $412 per week to finance.
The property will rent for a minimum of $540 per week.
Return = 4.5%
CASH FLOW POSITIVE
There is only 1 block of land available to purchase in the suburb of Moorooka right now.
This block of land is slightly closer to Brisbane, but it is located further away from the train station which is highly appealing to potential tenants. It also has better access to Ipswich Rd, the main road heading into and out of Brisbane, decreasing the time it takes to get into the city.
11a Brier Street, Moorooka, Qld 4105
Gold Package Includes
- 2550mm Ceiling height increase to entire home
- Feature Render to up to (2) portico piers only
- Colorbond roof upgrade including N3 wind rating tie down
- Roof Sarking to underside of Colorbond roof
- 820mm wide stained feature entry door with clear glazing (Hinged)
- Timber look garage door in lieu of standard colour range
- 20mm designer stone benchtops to kitchen
- 20mm designer stone benchtops to bathroom & ensuite
- (10) additional down-lights throughout home
This is exceptional value for money for a property 7 kilometres from the Brisbane CBD. Very low risk, very high returns.
To find out more call Alistair Kelsall direct on 0405 131 333