Welcome to 'Le Hill'.
Have you ever acquired a property that provided instant equity?
In real estate, the formula for wealth creation is simple:
SERVICEABILITY + EQUITY = BUYING POWER, and buying power is the key to building a successful property portfolio.
While equity typically takes 6 months to 5 years to accumulate, imagine securing it instantly with your purchase. Introducing 'Le Hill' - the only townhouse complex for sale perched atop Moorooka's highest point, *with unit 1 being the only freestanding, fully detached, and 100% standalone townhouse currently for sale in all of Moorooka (As at January 20th, 2025).
From the Sunshine Coast to Brisbane's Inner-City, Gold Coast, and within 10km of Sydney and Melbourne CBDs, three are only 3 standalone townhouses currently for sale and 'Le Hill' is one of them (As at January 20th, 2025).
OVERNIGHT EQUITY:
In Australia, if a bank values a property at $1 million while the purchase price is $920k, the deposit requirement will depend on how the lender calculates the Loan-to-Value Ratio (LVR). If the LVR is based on the valuation, a 5% deposit would amount to $50,000. However, since the purchase price is below the valuation, the lender may consider the existing equity sufficient - potentially eliminating the need for a down payment.
Now, let's consider 'Le Hill': If the bank values it at $1,000,000 and you secure it for $920k, that's $80,000 in instant equity. Imagine owning a property with no upfront deposit and instant equity - how exciting is that?
But the key question is: will the banks value 'Le Hill' at $1,000,000?
Let's analyse this together. Lenders rely on external valuers who use similar methodologies to real estate agents, including data from RP Data, Price Finder, real estate platforms, and most importantly, comparable sales. However, unlike agents, lenders use independent, unbiased valuers to ensure accuracy.
It's crucial to note that online valuation tools often fail to consider essential factors such as quality, potential, and security. A physical valuation conducted by a professional provides a far more reliable assessment than a desktop evaluation, making it vital for your lender to conduct an on-site inspection.
**Before analysing recent sales to estimate the valuation of 'Le Hill,' let's review Price Finder's valuation estimate (As at January 20th, 2025).
• Low: $830,000
• Mid: $970,000 (High Confidence)
• High: $1,110,000
These figures provide a solid benchmark, offering valuable insight into the potential market value of 'Le Hill.' Now, let's examine comparable sales to further validate this estimate.
SOLD PROPERTIES IN MOOROOKA (Addresses available upon request for reference):
The highest-valued townhouse in Moorooka (138sqm floor area) sold for $1,000,000 in November 2024.
COMPARISON: Based on this valuation, 'Le Hill' has strong potential to achieve a similar, if not higher valuation.
The second-highest valued townhouse in Moorooka (138sqm floor area) sold for $985,000 in November 2024.
COMPARISON: With its superior attributes, 'Le Hill' is well-positioned to surpass the $1,000,000 valuation mark.
The third-highest valuation in Moorooka's history was achieved by a converted timber house, divided into two townhouses, with one selling for $980,000.
COMPARISON: Base your offer on a physical bank valuation - if it doesn't reach $1,000,000, then reconsider your purchase.
Imagine 'Le Hill' - a sanctuary of peace and tranquility. Feel the serenity, hear the gentle breeze, and enjoy the calm that allows you to truly relax. On a rainy day, the ambiance is so blissful that it feels like paradise. If 'Le Hill' secures a $1,000,000 bank valuation, you'll instantly gain $80,000 in equity and potentially with no down payment. How cool is that?
The fourth-highest valued townhouse in Moorooka, an attached unit with shared walls on both sides, sold for $955,000 in December 2024.
COMPARISON: Please visit 'Le Hill' after reviewing these property addresses, and you will see for yourself why its valuation should be at least $1,000,000 if not more.
But Sir, 'Le Hill' offers far more than just overnight equity and the potential to own a property with no down payment - it's an investment that could become the cornerstone of your robust retirement plan.
PROPERTY DETAILS:
• Hilltop
• Street Front Position
• Immaculate Condition
• Two Levels
• Three Bedrooms
• 2.5 Bathrooms
• Single Remote-Controlled Lock-Up Garage with Internal Access + Additional Parking Space
• Built-in Mirrored Wardrobes in All Bedrooms
• Master Bedroom with Ensuite and Private Balcony
• Balcony with Panoramic Views
• Separate Internal Laundry with Private Drying Area and Clothesline
• Spacious Kitchen with Ample Cupboard Space
• Abundant Storage Throughout
• Air Conditioning
• Ceiling Fans in Bedrooms and Living Area
• Private Courtyard
• Fully Fenced
• Abundant Natural Light (due to elevated position)
• Only Four Other Townhouses in the Complex
• Large Driveway for ease of Manoeuvrability
• Floor Area: 141sqm
• City Views (during evening walks).
RENTAL POTENTIAL: Estimated up to $39,520 p.a. (STRA), with potential for even higher returns due to Brisbane's housing shortage.
OUTGOINGS: Council Rates & Body Corporate (including building insurance): Only $115 per week.
MOOROOKA - PRIME LOCATION:
• 6.4km to Brisbane 2032 Olympics venue
• 9.5km to Brisbane CBD
• 18.2km to Brisbane Airport
• Walking distance to schools, childcare, shops, transport
• Close to hospitals, universities, and major attractions.
For more information, contact Mateen Khan on 0402 313 028 or submit your enquiry with your full name, email, and postcode.
*REA
**Price Finder
***ABC News
DISCLAIMER:
All information provided herein is sourced from what we believe to be reliable resources. The contents herein are factual information. It does not constitute personal or general advice. For advise, please consult your Financial Planner or Accountant.
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