** 5.85% RETURN @ $450 P/WK UNTIL JAN 2024 **
** EXTREMLY WELL LOOKED AFTER, GREAT CONDITION **
Attention investors!! If you're looking for a true "set and forget" style investment, then look no further than 1/42 Peregrine Dr, Lowood. This 11 years young 4 bedroom modern duplex is already setup with a long term lease returning $450 p/wk, to tenants that have been in the property since it was constructed. Having been meticulously kept over the years, the unit is in excellent condition, but still has plenty of potential for improved equity and taxable deductions. The current owner is in a reluctant position requiring this top tier investment to be moved on to the next savvy portfolio holder.
For the owner occupiers looking for that premium position, we may be able to work with the tenants for a relocation (but no guarantees can be made).
These duplexes often surprise with their features and space - offering 4 large bedrooms, each of which have built in robes and ceiling fans and the master bedroom is complete with an en-suite. The whole property is fitted with security screens and doors and has a fully appointed modern kitchen. There is a bit of yard space for some privacy and tranquility and a remote double garage, easy access for two vehicles.
With no formal body corporate, you've got no sinking fund or admin fees, you just share an insurance policy with the owner of the adjacent unit, approx $900 each per year. Contents insurance and/or landlord insurance may be required, please seek independent advice. Somerset Regional Council rates are approx $1800 pear year (paid half yearly), QLD Urban Utilities Water/Sewer access charges are approx. $232 p/qtr, plus water usage.
Location is always important and Lowood has certainly been put on the map in recent months with many owner occupiers flocking to the area, and investors struggling to beat them into the market! Infrastructure is already being upgrade and many new housing estates are in the plans for Lowood and its surrounding areas and now is a great time to buy into an area set to continue moving forward. 32 minutes to Ipswich, 45 minutes to Brisbane, 1 hour to Toowoomba and 1 hour 25 minutes to the Gold Coast, just to name a few near-by high-lights.
In brief:
- 4 large bedrooms, all with built-in robes & ceiling fans
- Master bedroom with en-suite
- Security screens and doors through-out
- Air-conditioned living/dining area
- Modern kitchen with quality fittings and appliances
- Remote double lock up garage
- Water tank plumbed to house
- Leased @ $450 p/wk until Jan 2024
- Shared Insurance $900 p/yr (approx.) (per side)
- Council Rates $1800 p/yr (approx.)
- QUU Water/Sewer Access $232 p/qtr (approx.) + usage
- Eagle Rise Estate, minutes to Lowood CBD
- 12 Minutes to Fernvale, 15 Minutes to Plainland
- 32 Minutes to Ipswich CBD, 45 Minutes to Brisbane
- 1 Hour to Toowoomba, 1 hour 25 Minutes to Gold Coast
* Disclaimer: Whilst all care has been taken in preparation, no responsibility is accepted for the accuracy of the information contained herein. All information (including but not limited to the property area, floor size, price, address & general property description) within this advertisement is provided as a convenience to you, and has been provided to Ipswich Real Estate Pty Ltd by third parties. Interested persons are advised to make their own inquiries, seek legal advice and satisfy themselves in all respects.
Ipswich Real Estate Pty Ltd does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained within this advertisement.