+ve cashflow house for sale, 20min Brisbane CBD

I have a large highset house in Loganlea, Qld for sale. It is near the Uni, Tafe, hospital, station, bus etc – 20 mins Brisbane CBD, 50 minutes to the Gold Coast.

So far 2 rooms upstairs are rented – totals $200 per week. Another room upstairs should rent for $80-90 per week. We live downstairs, but that granny flat could be rented for $140 per week.

So the place should return over $400/week. The price is $230K. That’s positively geared in a growth area. My only reason for selling is I want to buy now in other areas. I will even lease it back from a serious buyer so long as I can sublease it.

The house has a separate bathroom and toilet upstairs. Downstairs it has a toilet and shower. The house is a mixture of brick veneer and fibro downstairs, hardiplank and chamferboard (wood) upstairs. My wife and I lived here since August 2003. We renovated it by cleaning it up, painting inside and outside, putting a front lawn in, putting in a second more modern kitchen downstairs, polishing the beautiful cyprus pine wooden floors upstairs and more.

The house has 3 bedrooms (one large with built ins), 2 office areas and a large sunroom upstairs, as well as an airconditioned living area, kitchen, toilet. Downstairs there is 1 bedroom, one large living area, a laundry, a kitchen, a toilet and shower.

The house was originally made in the 1970s I say but we tidied it up a lot.

Its 15 minutes walk to the station or 2 minutes by car.

Michael
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