Why invest in SILKSTONE , Ipswich suburb?:
There’s no better time to invest in Ipswich!
Ipswich is projected to be the fastest growing region in Queensland with an annual growth rate of approx. 4.6% pa compared to Queensland’s state average of approx. 1.7% (OESR). By 2026 the local Ipswich economy is projected to be worth $12.7 billion.
Ripley is a developing suburb in Queensland with a population of 1,405 (2016 census). Located in the city of Ipswich, it’s one of the best places to live in Queensland. Ripley is found near Bundamba creek and is nestled between bushlands and hills. In its southeast corner, you’ll also find the Centenary Highway.
Why invest in a shared living home?:
Three Great Reasons For Investors
single, seniors shared living with safe, comfortable accommodation for 50%-75% less than their normal weekly rent while providing good long-term returns for investors.
Seniors and Singles Shared living
✅ Tenants ready to go!
✅ Income + capital growth
Dual/ Shared living costs
The cost of living is no joke these days, particularly in major cities where the rental market can be extremely competitive. Full-time students often have an especially hard time making ends meet, as they need to balance earning an income with getting good grades. Rather than paying rent and bills by yourself, share housing is a great way to reduce the cost of living.
Built-in friends
Making friends as an adult isn’t always easy, especially if you move away from your hometown to attend university. If you’re eager to extend your social circle, moving into shared accommodation is a great way to meet new people. Even if you don’t have much in common with your housemates, living in each other’s pockets can help foster a sense of friendship.
Independence
If you’re craving the freedom that comes with living away from home, share housing offers an easy path to independence. Going straight from living with family to having your own place can be daunting, but shared accommodation is the ideal compromise..
This Opportunity:
This home design is unique in that it can be leased to two separate tenants – dwelling one is a 3 bed, 2 bath and 1 car home PLUS the additional separated unit of 1 bed, 1 bath and 1 car. If it was leased to two separate tenants, the rental income return would be approx. $880+ per week.
However, if leased as a shared living home each unit would lease at around $180 per week = to $900 per week. If there is use of garage for car parking this adds another $20 per car to the rent being requested.
Property includes the following:
- Colourbond insulated roof
- Air conditioners in both units
- Ceiling fans and LED lights
- Window furnishing on sliding windows and sliding doors
- Landscaping allowance
- Carpet in bedrooms with tiles throughout
Land size: 404m2 Land price TBA
Build size: 178.47m2 Build cost TBA
Size of home: total of 4 beds, 3 baths and 2 cars, plus 2 living
Can be leased as two separate units or as a shared living home with multi tenants
Unit 1: 3 beds, 2 baths and 1 car with one living
Unit 2: 1 bed, 1 bath 1 car with 1 living
Total price of Full Turn Key Package: $689,990
This property is subject to availability.
To Purchase:
Two contracts – Land and Building
$1000 initial deposit on EOI
Finance 21 days from date on land contract
Land settlement: 14 days from unconditional finance approval or 14 days from title registration
For sale: $689,990
Kaye Tilley
0418 823 -046