Boronia Heights, QLD 4124

This residential property located in Boronia Heights is a well-maintained lowset house built in 2014, offering a comfortable and practical living space ideal for investors. The property features four bedrooms, two bathrooms, and two parking spaces, providing ample accommodation and convenience for residents or tenants.

With a land size of 378 square meters, the home is situated in a location that offers easy access to local schools, shopping centers, parks, and major highways, making it a desirable and accessible place to live or rent out.

The purchase price was $617,300 in August 2023, which was well below the market price at the time, representing a valuable investment opportunity. The property has demonstrated strong rental potential, with an impressive rental income of $630 per week as of January 2024. This rental income translates to a gross rental yield exceeding 5.3%, highlighting the property's attractiveness for investors seeking steady returns.

Current estimated valuations have appreciated to early $700,000, indicating positive capital growth since the purchase. This growth reflects the property's solid location and the increasing demand in the Boronia Heights area.

The client who acquired this property has a professional engineering background and had been searching for an investment property for over seven months. The successful acquisition of this home below market value has resulted in a highly satisfactory outcome for the client.

Overall, this property represents a sound investment with a combination of strong rental yield, capital growth potential, and convenient location amenities. It is well-suited for investors looking to add a quality asset to their portfolio in a growing suburb of Queensland.