Withheld
$116,505
"Situated on a generous 600m block in the heart of Deception Bay, 20 Bisschop Street offers a rare opportunity for investors, families, and those seeking a comfortable coastal lifestyle. This solid brick and tile home boasts a spacious layout, modern updates, and high ceilings, making it an attractive prospect in this rapidly growing suburb. Currently tenanted, the property is not only movein ready but also presents a solid income stream for savvy investors. Imagine living in a home that effortlessly blends space, comfort, and convenience. As you step inside, youre welcomed by high ceilings in the expansive living area, creating an open and airy ambiance perfect for family gatherings or quiet nights in. A separate dining room flows seamlessly to the covered outdoor entertaining areaideal for relaxing with friends or enjoying a quiet morning coffee while overlooking the large, fully fenced yard. The recently updated kitchen and bathroom add a touch of modern sophistication, providing stylish and functional spaces for everyday living. The four wellappointed bedrooms, complete with builtin robes and ceiling fans, offer plenty of room for a growing family or visiting guests. Outside, theres ample space for kids and pets to explore, along with scope for future landscaping projects. Features Master bedroom with ceiling fan plus three additional builtin bedrooms High ceilings in the living room, adding a sense of space and light Open plan kitchen with stone benchtops, stainless steel appliances, and dishwasher Separate dining room that flows from the kitchen to the outdoor entertaining space Modern family bathroom with a separate toilet Large outdoor entertaining area, garden shed, and greatsized yard Single carport Located on a quiet street close to parks and just minutes from the scenic waterfront Deception Bay has quickly become a hotspot for investors and owneroccupiers alike, thanks to its relaxed beachside lifestyle, proximity to Moreton Bay, and easy access to Brisbane and the Sunshine Coast. With its blend of modern amenities, charming parks, and vibrant community atmosphere, the area offers the perfect combination of coastal tranquillity and urban convenience. The ongoing infrastructure projects and a booming property market make Deception Bay an exciting place to invest, live, and grow. All your shopping needs are met with Deception Bay Marketplace just 3 minutes down the road, while the school run is a breeze with Deception Bay State School only 5 minutes away and Deception Bay State High School just a 7minute drive. The retail and entertainment hub of North Lakes is a convenient 12 minutes by car, and the vibrant Redcliffe precinct is an easy 20minute drive. With close proximity to the M1, the Brisbane CBD is a manageable 45minute commute, allowing city workers to enjoy the luxury of coastal living without compromising on accessibility. Opportunities like this are rare in Deception Bays most promising pockets. Whether youre looking for a sound investment with immediate returns or a family home in a thriving coastal suburb, 20 Bisschop Street delivers the perfect balance of lifestyle, location, and potential. Contact us today to secure this exceptional opportunity. Please note the tenants belongings have been digitally removed from the photos. Disclaimer In preparing this advertisement we have endeavoured to ensure the information contained is true and accurate. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement."
Below are some similar properties in the area you may be interested in.
-
65.9%
$621K
4.2%
$10,000
-$14,132
4.0%
3.0%
-12.2%
6.0%
Asking Price
-
Estimated Purchase Price
$680,000
Stamp Duty
$23,625
Transfer Fee
$2,331
Conveyancing
$1,665
Deposit (10%)
$68,000
Reg. Mortgage
$224
LMI Premium
$19,201
Renovation Costs
-
Total Cash/Equity Required
$115,597
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,103
$1,439
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$20,204
$29,320
Interest Repayments
$40,392
$40,392
Net Cashflow Before Tax
-$20,188
-$11,072
Depreciation
-
-
Tax Offset
-$6,056
-$3,322
Net Cashflow After Tax
-$14,132
-$7,750
Assumptions
Year 1
Year 10
Property Value
6.8%
$736,920
$1,332,176
Loan Balance
I.O
$612,000
$612,000
$124,920
$720,176
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 15.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price