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1,023 sqm allotment includes 1 bedroom home, with potential to build a second dwelling *STCA possible 8.3% return.....

Redbank Plains, QLD 4301

0 bed 0 bath 2 cars 1,023 sqm
Land

Offers over $199,000

Can I afford this home?
person
Jason Lamborne
Property Description
The owner is motivated to sell this property and therefore have instructed me to present all offers above $199,000.

- Large (approx 68 sqm) one bedroom dwelling included with sale.
- Full length front verandah (could be built in for extra living space (*STCA).
- Double carport accommodation.
- Separate patio area plus lockable shed.
- The large 1,023sqm allotment has potential for dual occupancy approval, which means you could live in or rent the existing 1 bedroom dwelling whilst building another brand new dwelling on the remainder of the land, POTENTIAL PLUS $$$$.
- Close to schools, shops and public transport.

Current rental appraisal = $220-$240 per week, however if approval was given to build a new 150sqm house (approx $150k) you could achieve an other $320 per week. Estimated total outlay of $350,000 for a $560 per week return (WOW, that's 8.3% return)

The home is currently occupied and 24 hours notice would be appreciated prior to inspection, so please contact us today to arrange your private inspection.

*Subject to council approval
The seller has opted not to publicly reveal the address of this property for sale. Please contact Jason Lamborne from Ray White Redbank Plains for more details.
Features
Highlight Feature: Close to Schools, Close to Transport, Close to Shops
Land Area: 1,023 sqm
Parking: 2 cars
Inspection Times

There are no upcoming inspections or auctions scheduled. Email Agent to make an appointment.

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SA1 - 3130213 Meet the Neighbours near this property

The statistics below relate to the 200 addresses nearest to this property and compares this neighbourhood to the rest of the suburb.

$2,836
Monthly Personal Income
$5,716
Monthly Household Income
$1,783
Monthly Mortgage Repayments
The average age is 22
Majority are Couples with children
Most residents Renting
Weekly Income
Pocket
Redbank Plains
Employed as Manufacturing
Manufacturing
Retail trade
Construction
Transport postal and warehousing
Public administration and safety
Pocket Profile
Ask Jason about this address
person
Jason Lamborne
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