To enquire, please email or call 1300 815 051 and enter code 4144
WHY RENT WHEN YOU CAN BUY
BUY and own 1bed-1bath-1carspace with a minimum of 16% ownership of this 6bed-7bath-6 car residence paying only $250,000 as a joint owner with your other friends and experience space, privacy and contemporary living in this expansive Rocklea Residence.
On a generous 498m² block, the home offers 341m² of thoughtfully designed living space, perfect for large or multi-generational families. Six bedrooms and seven bathrooms provide exceptional flexibility and comfort, while a single, bright living area flows seamlessly to the outdoors.
Key features
- Land: 498 m²; Floor area: 341 m²
- 6 bedrooms and 7 bathrooms
- 1 spacious living area
- 4 onsite car space + 2 remote controlled tandem carparks.
- Outdoor Entertainment Area
- Large Indoor Entertainment Area in downstairs (18.7mx3.5m) under cover with lots of windows for natural light and air.
- Fully fenced for privacy
- Balcony for relaxing with a view
- Dishwasher space
- Built-in robes in all 6 bedrooms
- Secure parking
- Broadband / NBN connection
Additional benefits
- Modern kitchen with practical storage and integrated appliances
- Easy-care finishes and plenty of natural light
- Convenient Rocklea location with access to parks, shops, transports, schools, hospitals, universities
This property offers exceptional room to live and grow, plus the convenience of onsite parking for 5 without the need of moving cars.
Upper floor is fully tiled with low maintenance.
Concrete slab separates ground floor from 1st floor with additional fire safety.
Core filled reinforced concrete block works with plenty of large windows gives plenty of undercover low maintenance enclosed area to share by all.
In case of family gathering or party, 15 cars can be parked onsite.
4 at the back, 5 under cover, 6 at the front.
For more details or to arrange a viewing, contact us today.
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WHY RENT WHEN YOU CAN BUY YOUR OWN
IDEA: Buy 2 Bed-2 bath - 2car space, paying only $500,000 within 10km from Casino Brisbane.
Live in one and rent the other and manage your property by yourself.
With this arrangement you will be 33.3% joint owner of the property with me or other.
Criteria: Minimum Savings 5%: $25,000 (1st home buyer rate)
Subject to Bank loan of: $475,000
You will be fully debt free in <17.5years if you earn a minimum net $1000/week.
Subject to your expense on food etc is $400/week or less, maintenance, rate, electricity, gas, water $100/room/week Total expense $600/week
About the current owner:
The owner of the property is a low-income earner and bought the first unit in 1999 when earning was only $9.50/hr as casual worker.
Now the owner has 2 houses and 3x2bedroom units in Brisbane City Council and a 30Acre land in Werenga.
The owner is about to retire and hence will need to sale this property or a part of it to be debt free.
The owner is proud of his success in real estate. Being a low income earner he wants to assist one or two low income 1st home buyers with his knowledge of investment for mutual interest.
The owner would like to encourage the low-income earners to invest in this property as owner occupier and investor and be debt free in less than 20 years even if the savings from salaried income is around $400/week.
The owner believes, if you invest in this property, in next 30years, you will be able to buy the whole house even if your income does not increase more than the inflation rate of 2-3%.
If you want to know how, please meet the owner on site on Saturday by appointment between 9am to 10am for the inspection of the property and then go through the excel spreadsheet.
The owner received an offer of $1.1m for the whole house from an investor but did not sale since his expectation is help low income earners to buy their own home for mutual interest.
The workout in the excel spreadsheet might help you getting the loan if you have the minimum required deposit.
See you on Saturday by appointment only.
For the high earning investors, my expectation for the property is more than $1.1m.
Just feel free to come and see the property and decide and submit an offer. Rental return from the property will be more than 5% on your investment with immediate effect.
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To enquire, please email or call 1300 815 051 and enter code 4144
