The Strategy
We focused on identifying a property that balanced location, modern features, land size and financial performance. Our assessment considered comparable property values, family appeal, proximity to amenities and estimated rental income.
The Property
A modern four-bedroom, two-bathroom home with two car spaces on a spacious 700 sqm block in regional Queensland.
Why This Property Stood Out
Modern Living: Contemporary features suited to today's family lifestyle.
Family-Friendly Location: Situated in a suburb suited to family living.
Convenient Amenities: Close to local amenities for everyday convenience.
Generous Land Size: A 700 sqm block offering space and flexibility.
Strong Rental Appraisal: Estimated rental income of $700 per week.
Value Opportunity: Purchased for $650,000 against a stated comparable value of $680,000.
The Research
Our assessment considered the property's comparable value, modern features, 700 sqm land size, location and indicative rental appraisal.
The stated comparable value of $680,000 represents a $30,000 difference above the purchase price. The estimated rental income of $700 per week equates to $36,400 annually before expenses and vacancy.
The Negotiation
The property was secured for $650,000, which is $30,000 below the stated comparable value. Specific negotiation tactics and the seller's initial asking price were not provided.
A modern family home on a generous 700 sqm block in a family-friendly regional Queensland suburb. Its contemporary features, practical layout and proximity to amenities may support ongoing appeal to families and tenants. Future growth and development potential would depend on local market conditions and council planning controls.
The Outcome
Purchase Price: $650,000
Stated Comparable Value: $680,000
Difference: $30,000 below comparable value
Indicative Gross Rental Yield: 5.60% per annum
Property Configuration: 4 bedrooms | 2 bathrooms | 2 car spaces
Land Size: 700 sqm
Estimated Annual Rental Income: $36,400
The PropWisdom Advantage:
At PropWisdom, we combine property research, comparable value assessment and location analysis to help buyers identify opportunities that align with their goals. Our focus is on making informed property decisions with greater clarity and confidence.
The buyer secured a modern four-bedroom family home in regional Queensland for $650,000, with an estimated rental appraisal of $700 per week and a purchase price below the stated comparable value.