Location features

 

• Easy walking access to the new Bellmere State School

• Park across the road with playground

• Proposed Woolworths Shopping Centre and Bunnings to be built within a 3 minute drive

 

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Overview

 

This Moreton Bay region investment property was below the replacement cost for this type of home – nearby blocks of land were selling for $220,000, effectively meaning you were buying a fully built and landscaped home for only $86,000 more.

 

At the time of purchase, the property was under-rented for only $300 per week – the previous owners (investors) had not increased the rent since they built the property 10 years ago! This gave Moreton Bay Buyers Agent, a great opportunity to buy – as other property investors were looking for higher returns, we were able to use this to our advantage and buy the property at a great price (comparable sales at the time were $340,000). This property is now rented for $390 per week to the same tenants and in today’s market (April 2021) has been valued at $380,000.

 

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Summary

 

The Brisbane northside suburb of Bellmere is located in the stunning Moreton Bay region making it an ideal location to purchase a Queensland investment property. Bellmere is a very family orientated area – so a 4 bedroom home, close to schools and shops, is exactly what a Buyer's Agent, a property investor, a future buyer and / or tenants are looking for.