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Overview
Algester
This residential property in Algester presents an excellent investment opportunity, having been purchased in September 2024 for $955,000, below the estimated market valuation of over $1 million. The property is a well-maintained four-bedroom house situated in a peaceful neighbourhood, ideal for families or investors seeking a high-yield asset near Brisbane's central business district.
The house features two bathrooms and two parking spaces, providing ample convenience and comfort. The land size is 375 square meters, offering a manageable and functional outdoor space. The location is highly desirable, being close to Algester State School, local parks, and an Asian market, which adds to the lifestyle appeal and accessibility for residents.
The client background indicates an investor from Hong Kong who sought a property with strong rental yield potential and capital growth prospects. The purchase was strategically secured below the estimated valuation and market price, with comparable homes in the surrounding area having sold for early $1 million figures, demonstrating sound investment acumen.
Algester is a suburb known for its family-friendly environment and convenient amenities, making this property a valuable asset for both owner-occupiers and investors. The combination of location, property features, and purchase price positions this house as a competitive offering in the current market.
Overall, this four-bedroom house in Algester represents a solid investment with potential for capital appreciation and steady rental income, supported by its proximity to schools, parks, and shopping facilities. The peaceful setting enhances its appeal, making it a desirable home or investment property in the Brisbane area.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Algester QLD 4115
Market Insights for Algester QLD 4115
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
