Secure Area...

To view this content, please log in by entering your e-mail address and password below.

E-mail AddressEnter your e-mail address
PasswordEnter your password
Lost Password

 

You cannot access this page because:

  • You are not logged in.

Latest Alerts

Glass Half Full


This subdividable 607m2 block has some pipes in it, which on first impressions may be considered a negative, but as we’re glass half full kind of people, we see them as a positive! Firstly, the stormwater pipe allows subdivision without involving the neighbours despite the slope to the rear. The fact the agent doesn’t appear to be aware that you can subdivide is an added bonus – let’s keep that a secret. We also think the pipes will detract from standard house buyers and knock-down-rebuild developers, but we’re proposing rooming accommodation and the pipes certainly won’t affect rent or end value, just a little bit when it comes to design and construction cost. The location is perfect for rooming, and to be frank, sub $1m for a subdividable block is this location is excellent buying. Buyers around $950k should call Justin on 0410511535.

Bowled Over


This could be an interesting opportunity, and there’s no doubting the quality location. The issue we have is contradictory land sales that is holding us back. On offer is a derelict house on two lots in a premium family home location, that achieves quality views. Whilst there are character overlays, we are supremely confident at achieving being able to bowl it over as the house in structurally unsound. The plan would be removal then sell each vacant lot (or build on them if you so choose). Understanding end values is difficult though, with two land sales supporting end values that make our numbers hum, and one land sale that is holding our numbers back. We’ve deliberately decided to ignore the agent’s land appraisal and go conservative, which, unfortunately has us falling short with our numbers. However, the market is hot and not everyone will take the conservative approach. Some can buy cash so there will be savings there. Others may look at this to build their own home on, which changes the numbers again. For these reasons we’ve decided to put it out there! And we only need a 3% increase on the end values we’ve settled on for this to work. Buyers at $2m+ should enquire.

Affordable


Whilst the numbers only just make the grade, this property is most definitely very affordable, even more so when you consider all of it’s positive attributes. Consider this: quiet street, super handy location, larger than average land size, liveable house (subject to minor maintenance), development potential and all this for around $800k. So what’s the catch? A leaking asbestos roof, some noise from a main road nearby, and a bit of slope to the rear. Even with these items taken into account, the seller should realistically believe that they could be able to achieve $900k (in fact this is what they paid for it), but alas it hasn’t panned out that way. The potential here is to owner occupy, minor upgrades and rent it to land bank, or a two lot subdivision for rooming accommodation. Buyers at $800k should call Justin on 0410511535.

Going Off


This property is going off-market (for now). It is a 650m2 lot (approx) with an 18m+ frontage, zoned LMR2/3 with no character overlays. It has some minor flooding but it is gently sloping and we have the ability to fill above this. Further, the price would be a lot higher if it wasn’t affectged by water. It is in a quiet street and backing onto parkland. The opportunity is for a 2 lot subdivision for rooming houses, with the location bang on perfect for this. Our numbers indicate an 18.9% equity gain adn 9.2% gross rent return for a 2 rooming house development at a purchase price of $980k. Interested buyers should call Justin on 0410511535. 

 

Join our community

Community

Join Our Community

Keep up with the latest developments in the market for established properties in South East Queensland.

 
E-mail Address:
Full Name:
Postcode:
 

© 2025 Investigate Property.

Home   Contact   Disclaimer   Privacy   Sitemap   Web by ChuChi Design. Powered by Oncord.