Easy investment

Discussion in 'Innovative Property Investment Techniques' started by LSY, 26th Jan, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. LSY

    LSY Member

    Joined:
    28th Aug, 2018
    Posts:
    15
    Location:
    Algester
    I noticed this property a few years ago, but wasn't in a position to purchase (and truthfully, thought there was too much work as a PPOR). It's in Sunnybank, Brisbane - close to the train station. Whoever bought it chucked a wall down the middle of the living space, added a kitchenette and turned the laundry into 2 ensuites. Each duplex is now rented for $460pw. I wish I'd been in a position to snap it up!
     

    Attached Files:

    LSY, 26th Jan, 2019
    #1
  2. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    10,323
    Location:
    Australia
    Is that legal dual occupancy?
     
    Trainee, 26th Jan, 2019
    #2
  3. Plutus

    Plutus Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    317
    Location:
    The North
    This screams illegal international student sharehouse converted into illegal dual occupancy.
    Did they divide the backyard too?

    Edit: Does the right hand side even have a shower? it looks like there is an ensuite toilet for what was formerly the master & a toilet on the other side of that wall, so single wet space with a divider (smart), but neither room is big enough for a shower.
     
    Plutus, 16th Feb, 2019
    #3
  4. Ketsle

    Ketsle Well-Known Member

    Joined:
    3rd Sep, 2018
    Posts:
    424
    Location:
    Perth
    There is also no living rooms... Maybe big enough for midgets
     
    Ketsle, 18th Feb, 2019
    #4
  5. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    upload_2019-2-27_11-19-1.jpeg
     
    Paul@PAS, 27th Feb, 2019
    #5