[THE VAULT] AN IDEAL INVESTMENT PROPERTY FOR NEW INVESTORS
Each week, on the Vault, we showcase the hundreds of properties sourced for our clients to show just how much opportunity is out there for Australian investors. This week, we unveil another rich example of an ideal investment property for new investors which bought below market value with good upside for growth and great cash-flow. This is what we like to call at Binvested a ‘bread and butter property’ and the foundation of a strong property portfolio.
PURCHASED FOR LESS THAN IT WOULD COST TO BUILD
This three bedroom, modern townhouse was purchased in a blue-chip part of Queensland’s Gold Coast for just $255,000. It would cost more to build a property such as this. Comparable sales at the time of purchase were around $300,000 – that’s $45,000 of instant networth But, it’s not just the ridiculously low purchase price that makes this townhouse so attractive.
This townhouse is a solid investment – perfect for building a foundation property portfolio. It offers good upside for growth as it is in a stable demographic area with new developments and infrastructure planned which will increase it’s appeal. It is modern and provides good depreciation to claim back at tax time. But most importantly it has a good stable cash flow – with rent coming in each week at around $375 – in an area with healthy rental demand.
Do you want to take hold of an opportunity such as this one? We can help you with sourcing great investment properties such as this, more importantly, we can help you get your strategic, structural and finance foundations right so you can invest with confidence and get the results you are after.