To enquire, please email or call 1300 815 051 and enter code 4144
Rocklea Share House with 6 Beds, 7 Baths, Onsite parking for 5+1 (tandem)
This spacious Rocklea property presents a high-yield investment opportunity within 10km of the Brisbane CBD, in an area benefiting from sustained demand and limited housing supply.
Offered as one dwelling on a single title, the property may appeal to buyers considering shared ownership or group purchase arrangements, subject to independent legal advice. The sale is for the entire property only and will proceed under a single contract.
ASSUMING 5 out of 6 BEDROOMS ALWAYS RENTED on an AVERAGE RENT OF $300/WEEK
MINIMUM EXPECTED RENT PER YEAR = $300 x 5 x 52 = $78,000
IF YOU JOINTLY BORROW $250,000 each x 6 = $1,500,000 and live in the house jointly
If you pay 5% interest on your loan as owner occupier, you will pay $75,000 on interest which is less than your rent of 6 x $300/week x 52 = $93,600
Savings of $18,600 will cover other associated expenses such as rates $2160+ insurance $6174 + water $2229 + gas & electricity $3229 = $13,792 leaving nearly $5000 for maintenance.
Why rent if you can buy jointly with other friends. If you can find 4 friends, I can be one of your friends and owner of 1 room jointly with you.
If you need more information on this, please book an appointment on Saturday at your suitable time from 11am to 12pm.
Operating Features:
Continuous hot water via piped gas, ceiling fans in all areas, and lockable kitchen cabinets for each tenant. Lot of entertainment area in the ground floor.
• Fire Safety & Flood Resilient constructions:
The property features a 200mm thick concrete slab on the upper floor for fire and flood safety.
Ground floor is flood-resilient construction. External walls are concrete filled block walls and glass windows.
Though this property is approved as single dwelling, FSMP (Fire safety Management Plan) is installed, managed and maintained by "Running Man Fire" meeting latest standard for rooming accommodation.
Future Potential
– Potential for lift installation (subject to development approval), supporting long-term accessibility or ageing-in-place considerations
This is a versatile property offering strong income potential and flexibility for buyers exploring shared ownership models, while remaining compliant as a single-title dwelling.
There are 4 car space in front of the house. 2 Tandem car space inside remote controlled garage.
There are two more automatic roller shutters to park 4 carks under cover in case of hailstorm or in need. These two roller doors allow any car or maintenance equipment to go to the back of the building. for installing a swimming pool and dedicated space for parking a Boat at the back yard.
Large backyard has enough room for swimming pool and a Boat and gardening.
Large under cover area is ideal for Home Business subject to council approval
Rocklea market is only 400m away.
If the house is bought by 6 different couples jointly, I believe the city council may allow 6 couples to live in the house since owner occupied. Independent legal advice is required on this point.
Price Guide: Refer
https://www.property.com.au/qld/rocklea-4106/sherwood-rd/97-pid-9202143/
Property value Last updated 2 Mar, updated weekly, Medium Confidence, $1,211,000 ($2,431 per m²)
$1.46m High range
Estimated rent by Property.com.au: High Confidence $855pw
ACTUAL RENTAL RETURN FORM THIS PROPERTY IS >$1500/week, 175% of the above ESTIMATION
Therefore, Investors should consider this property as their best choice for investment with >5% return.
With time, interest rate will go down, rent /. room / week will go up leading to higher rental yield within a year or two. Property valuation will go up with time due to its handy location and high occupancy rate.
This house design is unique and hardly there is a comparable house available in the market with so much flexibility. ACTUAL RENT >1500/WEEK since every bedroom has attached bath. There are 5+1 (tandem) onsite carpark.
VERY HANDY LOCATION:
o 3 major Hospitals Emergency departments are within 6.2km PA, 6.6km QEII, 7.7km Mater
o 400m Public transport (Bus), 1.2km (Train station)
o Griffith University 5.8km, 9min drive, 6.5km, 24min cycling
o UQ (University of Queensland) 8.8km, 29min cycling
o QUT (Queensland University of Technology) 8.9km, 31min cycling
o Brisbane Market (Rocklea) is only 700m away where you will have everything that you need for your day to day living at wholesale price.
o Dutton Park Boat Ramp 6.4km
o Riverside Drive Pontoon, South Brisbane, 10.8km
o Indooroopilly Boat Ramp 12 km
o Provision for parking a Boat at the back
o Golf Link road 130m (walking 2min) in case you are a member of the Brisbane Golf Club
To enquire, please email or call 1300 815 051 and enter code 4144
