Link to the property:
Our pick of the week this week is 19-21 Buna St, Beenleigh QLD 4207. Purchased by our client recently for $401,000, this 3 bedroom, 1 bathroom house sitting on 1012sqm block presents wonderful potential for the following reasons:
✔️ Development-ripe block at 1012sqm with side access! In fact next door is already developed with 6 townhouses.
✔️ Minutes drive to M1, Beenleigh Town Centre and Beenleigh train station
✔️ Future scope for value add – unutilized sunroom, second toilet at laundry plus bathroom ready for renovation
✔️ Estimated rent $350 per week with a gross 4.5% rental return.
This is very good consider it’s a development block. Plus scope of value add to further improve on yield making it easier to hold long term . This is a really good example of development block deal that you can get in SEQ today. It’s flexible in the sense the house can be knocked down straight away with new townhouse builds, or the current house can be kept as is until timing is ripe for development, which is what our client has decided to do.
Beenleigh is defined as one of the strategic key activity centres along with Meadowbrook, Springwood and Logan Central. Council has prepared a master plan to guide future growth in the Beenleigh town centre, and the master plan provides a strategic framework for managing growth in Beenelgih over the next 20 years. So in our opinion it is far more advantageous to be purchasing near the Beenleigh town centre as Logan council continues to fund and shape the new Beenleigh town centre.
Contact us today if you need assistance to find similar investment properties. Lend Power – we have your best interest at heart!