House sold for less than cost of unit in hot middle ring suburb

first_imgIt already has a tenant in place.“It’s a great buy for an entry level investor, and has a great tenant in place at $360 a week. It will perhaps eventually be demolished but the value here is in the land so even if investor held it and had someone else pay it off for them with rent, they will see growth.” He said Boondall was “the next suburb to move reasonably”.“Boondall was a little behind Northgate and Nundah but we’re the next stage on the train track.”.The home was walking distance to local shops at Sue’s Korner, Taigum Square shopping centre, bus transportation and Boondall state school and local parks. 90 Beams Road, Boondall, Qld 4034. Picture: realestate.com.auA THREE bedroom house in a hot Brisbane middle ring suburb has sold for less than the cost of a unit in the same area.The property at 90 Beams Road in Boondall sold for $382,000 on last Thursday (Oct. 26), a price which was $1,500 less than the median for three bed units in the suburb. It has a tonne of potential.center_img The property is neat and tidy.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019It was also just $55,000 more than the price its homeowner had paid four years ago ($327,000).The 1960s 112sq m home, located 16km from the Brisbane CBD, was on a 610sq m block of land.It sold for $103,000 less than the median sale price for three bedroom houses in Boondall which came in at $485,000 in the past 12 months.Among improvements made to the site was a renovated bathroom, polished floors and plenty of cupboard space in the kitchen, plus it already has a “great tenant in place”, according to agent Pat Barrett of Barrett Property Sales.last_img

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