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PROPERTY WITH DEVELOPMENT POTENTIAL

South Brisbane, QLD

412House

Current price $780,000
Purchased price $690,000
Purchased when 2024-01-01
Rental price $550
Gross rental yield 4.14%

This free-standing house has a land size of 809 square meters. The investor also owns two more side-by-side properties next to this one, which were purchased around 2016. This purchase has increased the total capital growth of these parcels of land, significantly raising their value compared to holding only 2 plots of land previously.

The location is next to a station in the Low-Medium Density Zone. This area is suitable for developing townhouses or apartments, either now or in the future. There are plenty of nearby amenities, including the Hospital, IKEA, and easy access to the Gold Coast.