5/23 Balaclava Road, Earlville, QLD, 4870, Australia

Phone Enquiry ID: 228760

Selling the honest and fair way, at the valuation price!
Two independent full time valuation companies visited on-site, and both of them assessed the property to be at the market value of $260,000
Their reports can be sent to you by request.

BEST FEATURES:
*Ground level.
*Very low body corporate fees - $3,300 a year at present!
*Vacant possession available at 31 days from contract signing.
*Many storage cupboards, much more than standard units.
*Lots of light coming in.
*Nature/bushes all around.
*Earlville Shopping Town at end of street. Schools, doctors, & nature nearby.
*High up on a gentle slope of a hill, so it doesn’t get affected by floods.
*Courtyard spaces out front and back.
*Multiple renovations done recently (since last sold in September 2023):
*New carpet in both bedrooms.
*New reverse-cycle air conditioners in both bedrooms (November 2023)..
*Solar panels added (6.6kw & 15 panels) – so potentially no electricity bill, depending on the number of tenants and usage.

OTHER GOOD FEATURES
*2 bedrooms, 1 bathroom, 1 covered & allocated carport spot.
*Security screens throughout.
*Large built-in wardrobes in both bedrooms.
*Separate laundry with built-in dryer.
*Fans in bedrooms & living room.
*Swimming pool.
*Selling unfinished, but most of the furnishings can be included in your offer.
*The backyard has potential for a deck or garden. One of the backyard photos is edited to what it would look like with artificial grass.

OTHER SMALLER RENOVATIONS DONE
Multiple towels racks and rails added in bathroom.
New toilet.
Bathroom and kitchen re-siliconed (at start of 2024).
Many new lights throughout.
Extra powerpoints added in each room.
New smoke alarms installed throughout.
Replaced the broken postbox lock & key with new one.
Security spinner sleeve added to front door handle & lock.
Bathroom tap handles replaced.
New fan to living room.
The dying tree in back courtyard brought back to life.
Crooked kitchen cupboard door straightened.
Laundry hot water tap handles replaced which were cracked and noisy.
Bathroom window given new glass, rollers, and bigger air vent.
Magnetic unit number 5 placed on front door.
New soft closing hinges added to all cupboard doors throughout unit, replacing the conventional rusty ones that made doors loud when shutting.

RENT:
Currently a temporary sharehouse, with international tenants on working visas. Under QLD rooming accommodation laws the tenants only need to be given 30 days warning to move if the property goes under contract.

Or alternatively keep the housemates as a sharehouse as they are good tenants. Or change it to a rental with a fixed lease!

Currently the tenants pay $490 a week, with the owner paying for water, WiFi, and just a very small amount of electricity that the solar panels dont cover.

Upstairs rents at $420 a week (and a REA website estimate is at this price too), and upstairs doesnt have a backyard like this unit does, nor solar panels, nor is it ground floor like this unit

Rates: $1,551.90 from July 1st to December 31st (6 months)

BodyCorp fees: $1,650 from August 1st to Jan 31st (6 months)

- Projected fees $3,300 for year.

Admin Fund: $7,759.49 credit, as at 29th July 2024

Sinking Fund: $49,408.90 credit, as at 29th July 2024

A building and pest inspection report conducted one year ago when the unit was bought by the current owner is also available to be read if requested. as is the Body Corp Disclosure. They will also be at the Open Home Inspection.

`These reports belonging to the owner are offered for viewing in agreement with Upfront Property`s policy to create a more honest, reliable, and faster property sale. The reports however are an initial general guide, offering no guarantees. Buyers therefore should still conduct their own research and inspections if purchasing.’

Glenn of Upfront Property is the unit owner. He renovates and sells property, and has completed the real estate agent training certificate in 2022 (but is not an agent). So you will be dealing directly with him rather than an agent.

This property was previously listed a few weeks ago in early August but was withdrawn soon afterwards when the owner realised he needed to wait a full year to sell it under capital gains tax benefit legislation. So it has been relisted just now.

Open Home this Saturday 21st 11.00am - 12.00pm