Lend Power Deal of the Fortnight – 7 Duchess Court, Loganlea QLD 4131
- Location – minutes away from Marsden Park Shopping Centre, Logan Hospital and train station.
- Building – single level brick veneer lowset in neat condition throughout (previously owner occupied) with little maintenance required.
- Value Add Potential – Kitchen and bathroom could do with a facelift/renovation down the track to further improve on yield.
- Yield – estimated rental of $340/week which would gross at 6% rental return!
Another decent cashflow player sourced by Simon Loo with low maintenance at approximately 15% discount of Loganlea 3 bedder median price! Suits the no fuss, no worry type of buy & hold investors who just want add another cashflow property in their portfolio. As it was previously owner occupied the house is kept in immaculate condition, with value add potential on kitchen & bathroom down the track.
Loganlea is a suburb in Logan council located about 27km south east of Brisbane CBD. A nice residential suburb with big blocks of land and surprisingly filled with good amenities – the likes of Logan Hospital, TAFE & Griffith University all in close proximity no wonder median price has been going up since 2013 at a compounded annual growth rate of 5.7%. It was particularly popular with big blocks of land (over 1000sqm) close to the Loganlea station where investors would look at subdividing later down the track. But the best days to snatch up the 1000sqm blocks close to Loganlea station is now gone with median prices rising so investors tend to find better value across neighbouring suburbs – the likes of Marsden, Bethania or Waterford.
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