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1&2/49 Wattle Street, Andergrove QLD

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1&2/49 Wattle Street, Andergrove

Sold for $495,000

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For Sale

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Property Type DuplexSemi-detached

Land820 m2

Perfect Investment @ $499k Yield 7.2% (Based at $350 p/w x 2 ) on 2x SEPERATE TITLE

Two title's past payment for 2x bins & services $6,007.00 yearly (Discount Rate) - Insurance please discuss with your own provider.

• Refer to the '3-D Virtual Open House' included in the advert as a description of the property

• Land Size 822sqm2 - Separated 2x allotments with side access & rear yards (1800mm fencing)

• Duplex is 'Brick' referring to Virtual 3-D easy care construction (less value to repair & update)

• 2x Carport is under the roof, Has the potential to convert the 2 bed into a 3 bed if required

• Rental potential at the moment for this type of property is closer to $390 - $420 per week each

• Located in a leafy suburb in a quieter back street away from the high-traffic areas (pleasant location)

• Business Owners of 457 worker accommodation (lease end U1 / 17-01-24 -- U2 / 10-01-2024)

• Self-managed superannuation fund buyer - leave asis as an investment and ride out the rental boom

• 1st-time investor - live-in unit has use of the rear yard for a storage shed or space or future resale

• Estimate example $400 x 2 p/w x 52 weeks divide Not Price $499,000 estimate = 8.3% Gross Returns

This property is so close to schools - you drive past new shops in Andergrove but mostly it is a peaceful location - The property has potential for a family purchase as it is 2x titles and lends itself to either the home occupier or the investor

Contact Joe Morabito Lj hooker for further information

Disclaimer: The Agent does not give any warranty as to errors or omissions, if any, in these particulars. The provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.

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  • Property ID C19HUG

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For Sale

Property Details

Property TypeDuplexSemi-detached

Land820 m2

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