Our pick of the week this week is 20 Juanita Grove, Springwood QLD 4127. Bought recently by one of our clients for $420K, this 3 bedroom, 1 bathroom lowset house sitting on 1050sqm block is an excellent addition to portfolio for the following reasons:
1. 500m to Springwood Shopping Centre Hub which is one of the four Principal Activity Centre (PAC) in Logan
2. Sitting on 1050sqm block with subdivision potential. Also zoned under Low Medium Residential with Apartment precinct
3. Cosmetic renovation down the track could be something to add value and manufacture equity
4. Currently rented at $475 per week with a gross rental of 5.9% from day 1!
Another great example of a low maintenance, set and forget property with positive cashflow from day 1! Situated in close proximity to Springwood Central, Chatswood Hills State School and the proposed Watland Plaza, this IP is oozing with future potentials as SEQ outlook continues to improve. At $420K it is an absolute steal and an excellent IP for buy & hold strategy.
Springwood is a suburb in Logan located about 21km south east of Brisbane CBD. Springwood is a significant activity centre in the region, with a major bus station, two hotels, a 24-hour McDonald’s, two state primary schools, a state high school, a campus of Calvary Christian College, a public library, three shopping malls, ambulance, fire and police stations and many places of worship. On top, there are also talks about potential extension of Brisbane Metro to Springwood – hence a preferred PAC out of the 4. Last but not least – Springwood is surrounded by the likes of Chatswood Hill, Rochedale South, Daisy Hill so demographics is very decent!
Contact us today if you need assistance to find similar investment properties!