Self-Funding/ Cash Flow Positive Investment – High Standard Family Home Rental Yield >$465 per week

House Sold - Miles QLD

Miles is situated in the heart of the energy sector of the Surat Basin. The most diverse energy producing zone in Australia.

The Surat Basin has established projects producing a ripping local economy as well as some major projects just announced and approved to proceed. ( Please refer to IM upon request)

House availability is low, rentals are in high demand and will continue to be that way for some considerable time. Construction teams tend to live in camps. Operating and ancillary workers and their families require homes. This is where we are short in supply.

What am I buying ?

Restored Queenslander circa 2014
Very modern inside.
4 Bedrooms
5 Bathrooms ( 4 Ensuites)
Modern open plan kitchen flowing onto large living and dining area
Separate toilet and bathroom
Very large master bedroom
Timber floors in living areas
Carpet in bedrooms
Split system reverse Cycle aircon throughout
Hardiplank cladding
Very low maintenance. Very low out goings

The Financials

Offers over $310,000
Rental Appraisal $485/week at renewal
Vacancy Rate less than 1%