46/9 Milan Street, Forest Lake, Queensland, 4078

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Fantastic investment opportunity for the astute investor

A well designed 2 year old, 3 bedroom, 2 bathroom townhouse, built with modern fixtures and features, we introduce you to Grove Village. The moment you enter the front door the home greets you with warmth, the tiled lounge, dinning and kitchen which includes a stone bench tops with good working areas and ample Melamine kitchen cupboards and Westinghouse appliances is well designed for the home entertainer. The under covered patio with a private courtyard and garden is perfect those quiet afternoon barbecues.

Upstairs has 3 large bedrooms with the air conditioned master bedroom and en-suite bathroom with a double shower, toilet and large vanity. All bedrooms have built in cupboards with shelving and hanging room, the 3rd bedroom also has a built in desk. The family bathroom has a combination shower and bath with a toilet and vanity boasting plenty of storage space.

This property is currently tenanted at $365p/w. Currently a 0% vacancy rate for the last 2 years which is music the the ears of an investor knowing your investment is paying for itself.The complex is beautifully maintained by the onsite managers who are also the letting agents for the whole complex. There is also a pool in the complex for those hot summer days.The complex is very well located with shops close by, walking distance to two state schools and bus routes. Beautiful walking and cycling tracks around the lake.

This property is currently rented and returning $19240 which is a 5.83% ROI and there are very low vacancy rates as this is managed by the onsite managers who offer peace of mind with a well managed complex.

For more info on this wonderful opportunity and to book an inspection please call Ailsa today.

Property Info:

  • Property ID: 18076450
  • Property Type: Townhouse
  • Garages: 1

We Know Your Area

R&H Suburb Profile: Forest Lake

R&H Suburb Summary Houses
Number of sales 373
Average Price $468,283
Median Price $439,500
Median Rental Price $400 p.w.
Change in Rental Rate (5yr) 5 %
R&H Suburb Summary Units
Number of sales 22
Average Price $538,898
Median Price $302,500
Median Rental Price $330 p.w.
Change in Rental Rate (5yr) -6 %
Forest Lake, QLD - Median Trend