2 x 3 bed Duplex in Flagstone Estate
This Duplex house and land package is based on –
Land – $254,000
Land Size – 653sqm
House Build – $396,160
Total package price of $650,160
Estimated Rent $680-720 per week
Other lots and designs are also available and prices vary.
The ‘invest from’ cost per week is based on –
Separate (split) contracts for house and land), combined income of $100,000 and $45,000 with ownership split 99% to the highest income earner, midpoint of rent estimate, 2 weeks vacancy rate, $18,400 of interest costs during construction, total amount borrowed includes purchase costs, nil cash deposit, 4.6% interest only rate, council ($1,800 each), strata ($4,000 on units only), water ($200 each), building and landlord insurance of $900 each, and estimated depreciation benefits (2019 built 285sqm duplex) – $16,000. Cost is based on first year of ownership.
Subject to credit approval.
Source – Prowealth Property Investment Calculator.
Jimboomba is currently home to the new regional city of Flagstone which will be a dynamic commercial hub for residents and businesses in the Greater Flagstone region and a main source of employment for locals. The 100 hectare development will feature all the services and amenities of a major regional centre with approximately 370,000m2 of commercial and retail floor space. It will incorporate a major shopping complex comparable in size to the Logan Hyperdome or Westfield Garden City.
Jimboomba offers a range of schools to choose from, including Flagstone State School, Flagstone State Community College and the private Hills College. A number of childcare facilities are also located close by, and more public and private schools are expected in the future. The future Flagstone station will be an important transit plaza and interchange between rail and bus services linking to local neighbourhoods.
Connect yourself to every part of life at Gateway, one of the latest neighbourhoods at Flagstone. Biking distance from the iconic Regional Park, this new release will be the Northern gateway to the future city centre. Mix business with leisure by combining inner city living with local parks and the surrounding Sandy Creek – where you’ll find future walking and cycling tracks.
Created to suit a range of lifestyles and budgets, this neighbourhood is perfect for first homebuyers who won’t compromise on location.
Enjoy living connected to everything.
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Photos and floorplan are indicative only. Price correct at time of publication.
Prowealth Stock Code – Piv