Link to the property ad:
Our pick of the week this week is 8 Francis Rd, Shailer Park QLD 4128. Purchased by our client recently just shy of $468,000, this 4 bedroom, 2 bathroom, 1 rumpus house sitting on 600sqm corner block presents wonderful potential for the following reasons:
☑️Resides at Shailer Park which is better parts of Logan with 2 min drive to the Hyperdome shopping centre & entrance to M1
☑️Sitting on 600SQM corner block with side street access, the backyard is ready for adding a granny flat (STCA)
☑️Downstairs is fully tiled with one bedroom (legal height) and the other rumpus room, with own kitchen and bathroom
☑️Future scope for value add – potential new kitchen & bathroom upstairs & polished floor board
☑️Estimated rent $550 per week with a gross 6.1% rental return (in fact we had an application at $550 during purchase!) – almost neutrally geared from day 1 without having to spend much more on renovation!
This is an excellent example of what you can still achieve in the better parts of Logan shire today if you want to balance yield with CG. Shailer Park is a decent Owner Occupier suburb and with close proximity to the Hyperdome shopping centre plus easy access to M1 you can’t go too wrong for a long term hold.
Also at 6.1% gross rental yield from day 1, the numbers are close to neutral. Plus the granny flat potential in the backyard this property can be turned into a true cash cow down the track and self-sustainable for the years to come.
Contact us today if you need assistance to find similar investment properties. Lend Power – we have your best interest at heart!