In this section, we take a dive into the nitty-gritty of the property - 60 Doorey Street, Keperra. We analyse the property itself, its surrounds and the numbers that matter. We also take a look at the comparable sales in the area and how they stack up against the property.
3 - Bedroom
2 - Bathroom
1 - Car space
Internal - 118m2 + 21m2 (deck)
Land - 637m2
Unimproved Land Value: $340,000
Days on Market
Logical Price: $595,000 - $605,000
Emotional Price: $605,000 - $615,000
Our Target Price: $595,000 - $605,000
(Last sold 11th Oct 2007: $440,000)
Current - $480/wk
15th March 2019 for $500/wk
Gross Rental Yield
The current vacancy rate is 1.4%, remaining steady
Building, contents & landlord
IAL: $1,518.06 in force to 12/02/20 @ 4pm
Property Managing Agent
+ 61 408 076 346
Tax Depreciation Schedule
This property is located a stone's throw from 8 Doorey that we previously viewed and discussed. It's a corner block and backs onto the park. Like 8 Doorey, the train station is close, however, as it's the station and not the tracks, trains are slow in their approach and therefore the noise is not very loud (but you can absolutely hear it). Given it's on a corner block and positioned to the front of the block, it allows for a nice large rear yard. The owners have remodelled the home and this is reflective of our suggestion on Booker Ave. They have converted the front lounge area to a bedroom and opened up the rear of the home (living, kitchen and dining zone) which backs onto the deck. They have fitted out the under house zone and this can be used as a study or an unofficial bedroom. The rear yard is large and presents plenty of potential to extend in the future.
My only negative is the property doesn't have a clear entry point and the front door is on the deck. Ultimately, however, this is not a deal breaker.
Housing Commission Heat Map
13% of properties in Keperra are government housing. These figures are skewed as the golf club and train station are 'public land' and are listed in the heat map as government housing.
The neighbouring suburbs: Mitchelton sits at 5%, Enoggera at 11%, The Gap at 1%, Upper Kedron at 2%, Ferny Grove at 2%, Ferny Hills at 0%, Arana Hills and Everton Hills at 1%.
Comparable Recent Sales
Here we provide the most recent sales in the area that are no more than 1km from your property and not older than 12 months. We also provide a rating (superior, equal or inferior) of the comparable property against your property across three categories; market timing, location and overall. Generally speaking, if the property ranks overall inferior, then we can expect your property to be valued higher and vice versa if rated superior. Market timing refers to the strength of the market when the comparable property was purchased compared to now.
Comparable Recent Renovated Sales
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