Duplex Living At Its Finest – Investors Looking For High Yielding Investment Property, Close To Ipswich, Look No Further!
With a superior ROI of up to 6.7%, and property managers will guarantee a fantastic 6.1% return for 5yrs. This duplex in Fernvale is an investors dream!
Very affordable and positioned in the picturesque Brisbane Valley suburb of Fernvale. This is a beautiful location if you haven’t had the opportunity to visit and is steeped in much of Brisbane’s early history as the area was settled in the mid to late 1800′s and is seen as a delightful tourist area with its scenic vistas and large water bodies.
- The population in the suburb of Fernvale experienced an average annual growth of approximately 4.9% per annum from 2001 to 2019, far greater than the Queensland state annual increase of 2.1% per annum over the same period.
- By 2041, the Fernvale Catchment is forecast to offer an additional 1,040 local jobs
- The Fernvale Catchment has 11 State Schools (10 Primary and 1 Secondary) with a total of 2,235 students as at 2020.
- Somerset LGA has approximately $725 million worth of known infrastructure projects in the pipeline. Approximately $650 million is expected to occur within the suburb of Fernvale
- Fernvale has been identified as a key growth area of Somerset Regional Council. As a result of new developments, house and land prices have shown significant long term annual growth of 5.8% and 6.0% respectively over the last 20 years.
ABOUT THE PROPERTY
FULL TURN KEY – TENANT READY – NOTHING MORE TO SPEND
Lot 50 Fernvale
Type: Duplex
CONFIGURATION
Dwelling 1 – 3 Bedrooms, 2 bathrooms, kitchen, living, dining, 1 car garage.
Dwelling 2 – 3 Bedrooms, 2 bathrooms, kitchen, living, dining, 1 car garage.
Land Size: 970m2
Land Price: $198,000
Build Size: 235.6m2
Build Price: $400,934
Total Cost: $604,934
RENTAL ESTIMATE: $720-$780
RENTAL YIELD: 6.7%
5 Year Guarantee 6.1%
Property Highlights:
- Infrastructure + MCU fees included
- Brick veneer construction
- 6 star energy efficiency
- Turf & 12 SQM landscape gardens
- Fully fenced
- Concreted driveways, paths & patios
- Split to both units with remote
controls
- Lever door handles throughout
- Fully painted with Taubman’s quality
paints
- Stainless Steel Euromaid appliances
- Clothesline, TV antenna & letterbox
- Carpet & Tile throughout
- Vertical blinds to all windows
- safety screens & window locks
- Security screen to external doors
- Fan light to bedrooms
- Garage remote controls
- 6yr Structural Warranty
- 12mths Maintenance period
- optional façade upgrade to render &
cladding, extra $2,000
+ Strata Titling optional
THE AREA
An easy 21 minute commute will put you in Ipswich CBD and surrounding areas which has strong employment and educational offerings including universities and some of South East Qlds most prestigious private colleges.
Within 200metres of bus stop and 300metres of Woolworths, proximity to infrastructure is great for attracting tenants in an area where there is a short supply of rentals and Ipswich being one of Australia’s top growth areas it’s easy to see why our recommended property management agencies are happy to offer a 5yr rent g’tee against this high yielding duplex.
A short drive to Lake Manchester, Wivenhoe Dam and Somerset Dam, enjoyed by many of Brisbane’s serious boaties who enjoy their fishing and water sports.
Duplexes are becoming increasingly difficult to produce and will only get more difficult due to lack of land availability for them.
The vendor has advised us to collect all offers over the next week for submission and the vendor will choose the buyer they wish to proceed with. Buyers with pre approval or a cash buyers would be given priority but if you have spoken with your broker and know your borrowing capacity is into the mid $600′s with a 15-20% deposit then you should also apply.
Please note: All pictures shown are for illustrative purposes only
INVESTORS TAKE NOTE
There are very few duplex build opportunities such as this with 5 year rental guarantees over 6%. This is a quality development for an astute investor looking to capitalise on equity uplift or as a solid long term investment.
TO RESERVE THIS PROPERTY:
- Complete an Expression of Interest with Asset Property Partners Pty Ltd and a $1,000 holding deposit
- Asset Property Partners prepares contracts and express posts to agent/buyer solicitor/buyer
- Two Contracts – Land and Build. Standard conditions – Pay no stamp duty on the build. 21 days finance, 10% balance deposit paid at finance approval. 5% deposit on Build
For more information call Aaron Weaver on 0412828702
HOW CAN WE HELP YOU?
Through our trusted network of builders and land developers across South East Queensland, Asset Property Partners offers a no cost service that helps everyday Australian’s make smarter property choices. Let us help you save time and money whilst taking the hassle out of building!
Contact Aaron Weaver on 0412828702 for a free, no obligation discovery session to help you find the most suitable property option for you.
Disclaimer:
All drawings, facades, plans and images are for illustration purposes and we cannot be held liable for any errors or emissions. For detailed plans and inclusions and other information pertaining to this particular house and land package please discuss with your Asset Property Partners new home sales consultant.