Purpose of Purchase: Owner Occupier-Local

Property Type: Timber high set, Character features, 405msq block – blue chip suburb

Budget: $800,000

Purchase Price: $760,000

Yield and rental info: N/A

How this purchase met the clients brief:

• This client wished to escape the rental cycle and buy into a blue-chip north side suburb
• Had to be liveable right now for them but with value-add potential
• Within walking distance to transport, cafes and social venues

Description:

This property was situated in one of the best blue-chip suburbs in Brisbane. The property was from the 1940`s era and had also been slightly modernized in the past but still retained the character features that are expected in this property type. The property had the ability to raise to full height and build in under with a full interior renovation also possible.

The property was marketed for auction but we were able to secure it the week before the planned auction date and at a price that was considered entry level for this suburb.