MARGATE – House #2

Buyers Advocacy

Purpose of Purchase: Investor

Property Type: House Single storey Brick -405msq block of land, walk to water, beaches and shops.

Budget: $400,000

Purchase Price: $380,000

Yield & Rental Info: Periodic tenancy @ purchase paying $335 p/wk, negotiated to $360 p/wk just after settlement resulting in yield of 4.9%. Annualised growth of 3% p/a will make this a very solid and profitable investment.

Client Brief

How this purchase met the clients brief:

  • After set and forget- Under budget
  • Good growth area with reasonable rental yield
  • Ability to add value also desired


Investor came to us to ask for a property that will appreciate in value but also allows them to manufacture equity through renovation. Instructed that it also proves sustainable with rental income- so low maintenance is important.

We bought this 3 bedroom home well under clients budget.

The property is situated within walking distance to beaches, schools and shops and is very tidy internally.

A classic set and forget with renovation potential.

Contact us for the best price on your next property in Brisbane.


111/8 Cordelia Street

South Brisbane QLD 4101


Contact Details

Ph: 07 3844 7376

Fax: +61 7 3846 1969

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