56 Balgownie Drive, Peregian Springs QLD 4573

This property is UNDER CONTRACT, thank you so much to everyone who has shown interest in the property. It is still not unconditional so please send throughany enquiries as we will contact everyone who has had interest if the existing contract is unsuccessful. We have just listed 12 Gainsborough Crescent which will be online tomorrow. If you would like to view this before it reaches RE.com please contact me on 0435717258.

What does the cheapest house in Peregian Springs have to offer? Surely it must be tired and ungracefully aged with a bad layout and in a terrible location, surely at this price it must be horrible.

There no on way it could have;
- Ducted Air Conditioning throughout,
- Large 732m2 Corner Block with a northern aspect and room for side access,
- Functional open plan design including two living areas,
- Four large bedrooms with an ensuited master with walk in robe,
- Caesar stone island bench, gas cooktop and oven and ample cupboard space,
- Alfresco entertaining area and large fenced backyard,
- A neutral colour scheme, and
- A conservative bank evaluation placing the property at $500,000.

Ok what is the catch, why is this property so cheap, why would this property be listed below a conservative bank evaluation and why would a property with a great location that was listed for $529,000 last year be listed so cheap?

Maybe it's the return;
Annual Income $26,780 (Rental per week $515 x 52) - Annual Expenditure $2996 (Annual Rates $1700, Annual Water $1296) = $23,784
Return on $488,000 investment = $4.87%

So it is not the return.
Well what is it?

We only have 30 days to sell this home not 31, 30. This home must be sold and quick. The seller's loss can become your gain but you must act fast.

Are you an investor? While the home has been well maintained and presents well there is an opportunity to significantly add value through a cosmetic renovation or simply keep the current tenants in place.

Are you a First home buyer? Well after the developers block settles and the builders complete your home the timeframe will be the same as the current tenancy, but will you have the same quality home with all of these features and this sized block when the dust settles?