59 Siemons Street, One Mile QLD 4305

Are you looking for an opportunity to get a low cost foothold in the Ipswich market?

Perhaps you are in investor looking to get into the area for a bargain price to take advantage of the excellent rental yields.
This house currently rents for $250, achieving a yield of 7-8%.
Or are you a first home buyer looking for a low cost way to get into the housing market and stop paying rent whilst being able to add significant value through renovations.

This house is typical of many in the One Mile and Leichardt area that are well built solid character houses, with good bones, built to last, offering great upside potential. The house sits in a quiet treed street, in a good neighbourhoods and is flood free. One Mile is conveniently located close to schools, and only 7 minutes to the Ipswich CBD.

This investment would suit a handyman looking for a way to add value and capital growth, or an owner looking to take advantage of the renovation opportunities and sell for a profit.

The house currently has 2 bedrooms,plus a sleepout I bathroom, a large kitchen, front verandah, and separate laundry and is surrounded by similar properties that are being picked over, renovated and sold for a profit.

The house will need some stumping work to help restore its former glory.
However the smart thing to do would be to lift and restump to maximise the capital gain. This way you can take advantage of the opportunity to build in underneath, adding bedrooms, additional bathroom and/or a games room.

It is becoming increasingly hard to find quality homes in the Ipswich area for this price that offer such great renovation opportunities.

The owners of this property have reluctantly decided to sell to pursue other opportunities. They recognise the growing number of buyers looking for capital growth through creative renovations and have priced the property to meet the market accordingly.
please call Greg Jenkyn 0418721849 for your private viewing