THE OTHERS

Not Quite
Right

 

Here is a quick snapshot of what we have viewed, but have put the pen through for one reason or another (listed below).

85 Copperfield Street, Geebung

The Numbers

 

3 - Bedroom

1 - Bathroom

1 - Car space

 

Size

Internal - Unknown

Land - 683m2

 

Orientation

Front: South

Back: North

 

Distance to Train Station

900m walk (11-minutes)

 

Sale Method

Auction, 7th Feb

Will consider offers prior

 

Renovation Potential

Update the kitchen to tie in with the renovated bathroom and laundry and connect the kitchen and deck with an open servery window to let more light in and added functionality. Future potential to extend out and add a 4th bedroom and 2nd living space.

 

Circa. $15k

 

Quick Price Valuation

Current: $550k - $580k

Post Reno: $580 - $590k

 

Quick Rental Appraisal

Current: $470 - $500/wk

Post Reno: $510 - $520/wk

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

Our Feedback

Really nicely presented 3 bedroom home, which ticks a lot of boxes for an investment. The house itself is nimble and has had some work done to it, but there is still room to add value in the future if required. They have recently opened up the living and kitchen space and updated the bathroom and laundry. To the rear is a nice simple deck and down the stairs is another dining zone. Really large garden with single garage. Sits adjacent to a park and footpath that takes you directly to Geebung station. There is an opportunity to update the kitchen (reface only) to bring it in line with the laundry and bathroom updates. It would also benefit with a servery kitchen window that brings in the outside deck area to the kitchen - this would make the space feel larger and brighter. It's a property you can sit and forget with and will be relatively easy to lease given the proximity to the station, buses and city. It's a livable area and there will be interest in the property at this price point. It was supposed to b a private open, however, she opened it to the public and got 6 other groups through within a 15 minute period showing the demand. Scheduled to go to auction on the 7th of Feb, however, will consider offers prior under auction conditions. 

8 Doorey St, Keperra

The Numbers

 

3 - Bedroom

1 - Bathroom

1 - Car space

 

Size

Internal - 95m2

Land - 736m2

 

Orientation

Front: East

Back: West

 

Distance to Train Station

550m walk (3-minutes)

 

Sale Method

Private Treaty

A contract fell over due to finance on Monday, so back on the market.

 

Renovation Potential

Initial garden and tree removal exercise to open up the rear yard and more tenant friendly.

Approx. $4k - $6k

Long-term option to extend and create additional living space, enclose and fit out deck area, update bathroom and re-adjustment of garage/shed

Circa. $100k

 

Quick Price Valuation

Current: $575k - $590k

 

Quick Rental Appraisal

Current: $430 - $450/wk

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

Our Feedback

Definitely an option. Location is great, short stroll across the park to the train station and minor shops are just beyond that. Back towards Arana is the major shops and schools, so a very central location. The property itself has been updated and is definitely livable in its current condition and can be for a long time. However, buying this property, would need to allow for future works to maximise it's potential. It already has a rear deck and patio (uncovered), however, its unappealing and is disconnected from the kitchen and dining area. I would push out from the kitchen to be inline with the end of the patio and enclose the patio. This would create a nice large living and eating space to the rear of the property with a really nice entertaining deck. I'd create a tandem garage carport to run adjacent to the property, leaving more green space to the rear yard. A new shed can be built and moved to the rear corner of the block (there could be the ability to keep the current one and relocate it also). Finally, I would get someone in to completely clear the trees and shrubs in the rear yard, I would then flatten the land, re-turf and install basic vegetation gardens around the perimeter. Perhaps hedging for additional privacy. Its a really nice large block, but currently, a lot of it is not able to be accessed. These are all future works as the distance to the train station will mean this property leases without too much issue. 

5 Booker Street, Keperra

The Numbers

 

3 - Bedroom

1 - Bathroom

2 - Car space

 

Size

Internal - Unknown

Land - 612m2

 

Orientation

Front: North West

Back: South East 

 

Distance to Train Station

800m (10-minute walk)

 

Sale Method

Private Treaty

High 500's

 

Renovation Potential

Adjust floor plan - see narrative below.

 

Circa. $35k

 

Quick Price Valuation

Current: $570k - $580k

Post Reno: $610 - $630k

 

Quick Rental Appraisal

Current: $475 - $525/wk

Post Reno: $525 - $550/wk

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

Our Feedback

I really loved this location, the street and the character of the property. It presents really nicely from the street and has the curb and owner-occupier appeal we are after. The property itself has been re-wired and re-plumbed and looks/feels solid. My only negative is the pokey floorplan. The front lounge room is small and the dining room off the kitchen is hardly a dining room. The key consideration is the ability for it to be leased now with works to be completed in the future to create more living space. I would look at converting the front lounge room to a bedroom (create a hallway entrance), then converting the rear bedroom into a living space and knocking out the wall between there and the kitchen. Further, I would push that room out by a metre (taken away from the deck space, and install a large stacker door that opens up on to the deck. That would create a really nice open plan floor space, and better utilise the space. Proximity to the train station is a plus, however, you can quite clearly hear (and see) the trains as they go past. However, as an investment property and appeal for tenants, it's a non-issue from our POV. Shops and schools are all also a stone's throw away.

17 Tyrone Street, Chermside West

The Numbers

 

4 - Bedroom

2 - Bathroom

1 - Car space

 

Size

Internal - Unknown

Land - 637m2

 

Orientation

Front: West

Back: East

 

Distance to Train Station

No close train station, but close to busses 

 

Sale Method

Private Treaty
$599,000

 

Renovation Potential

Full cosmetic internally, maintenance on the out-house and pool fence all-around

 

Circa. $70k

 

Quick Price Valuation

$570,000 - $595,000

 

Quick Rental Appraisal

Current: $570/wk (expires 10/2)

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

Our Feedback

Not too bad, but does need some work and the pool is off-putting. It's also not so close to trains but is close to the hospital and Westfield. The price point is also at $600k, so in our original sums, this didn't allow for any renovations, so prepared to let this one go.

56 Trouts Road, Everton Park