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3/131 Evenwood Street

Coopers Plains, QLD 4108, Australia
$1.48m
5 bed 5 bath 3 car423m²

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Area Price Guide
$1.39m$1.57m

Indicative price guide range

🏘️
82
Comparable
📊
$1.33m
Area median
⚖️
+11%
vs median
📐
$3,506
Per m²
📏
423 m²
Land
🗓️
1 week ago
Listed

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About this property

Thank you for taking the time to review this property opportunity and consider the opportunity to invest in high-yield residential property. This property can be fully purchased as a house and land package for $1,482,910. We are also offering 8% shares for those who want to diversify their investment portfolio or enter into rooming with minimal financial foot print. We are offering an 8% - 40% stake in a brand new Coopers Plains Rooming House to be built by the established and well respected Altitude Investment Homes. Buying a share in a high yield asset means investors can use substantially smaller equity or cash, super fund or shares to secure their share. You get all the benefits of ownership. Cash flow, capital growth, tax depreciation and a fully transparent ledger of all costs and outgoings throughout the property's life. The build design and cost planning and commercial finance has been prepared in advance. The share price includes a proportionate share of interest payments during construction so the property can see low 6.5% interest post completion and is strongly positive cash flow from the rental income. This project sees a very nice valuation uplift upon completion. Who is eligible? Any Australian resident with cash, equity in a property, super annuation or shares to the value of the share they are buying. Retirees, and those temporarily without an income can participate as the finance is serviced by the value and income of the asset not the buyer's incomes. What is a rooming house? Suburban home that is approved by council to have 5 independent suites that each lease to single fully employed adults. Each suite is a micro apartment with ins own living room, bedroom, ensuite, kitchenette, out door courtyard. Tenants share a communal kitchen, laundry and car parking and common entry. The rooms all have electronic locks with pin codes for convenience and safety. Commencement: Approximately July 2026 Completion: Decemeber to January 2027 Building spec Built by the established and well respected AltitItude Investment Builders. Termite resistant steel frame, concrete slab on ground, 2550mm ceilings, colorbond roof, gutters, PVC down pipes, 13.3KW Solar, Fans and Air conditioning each suite, tiled ensuites, carpet to all bedrooms, hybrid timber floors to all living rooms, electronic locks each suite and front door, security screened doors and windows, Fibre Cement sheet clad exterior, H3 timber fencing, hard scaping, concrete driveway and land scaping, LED down lighting, plaster walls interior Land price - $850,000 Build price - $632,910 stamp duty + transfers- $27,842 Furniture - $32,000 Valuation - $2,500 Broker's fees - $1,500 Conveyancing - $1,700 Value prior to completion $1,482,910 Value post completion $1,600,000 principal debt $960,391 (35% deposit) Gross income pa $117,562pa Net income pa $95,552 Shares - 5 available 8% ownership - $122,386 8% gross income $9,405pa (7.93% ROI) 8% Equity earned 8% tax depreciation benefit Area characteristics Brisbane Brisbane continues to emerge as one of Australia's strongest residential investment markets, driven by population growth, infrastructure expansion, affordability, and increasing rental demand across key suburbs. Many Brisbane suburbs offer an attractive balance of lifestyle, connectivity, and long-term capital growth potential, making them highly desirable for tenants. With ongoing investment in transport, education, health precincts, and commercial development, the city continues to experience strong economic and demographic growth. As South East Queensland continues to grow in the lead-up to major infrastructure delivery and the 2032 Olympic Games, Brisbane remains well positioned as a resilient and high-performing market for residential property investment. Undersupply drives increasing demand for rooming leases 42.6% of our population are single, non defacto, not married. Less than 3% of all rentals are 1 bedroom. Rooming are new, spacious, furnished and very convenient with bills included and consistently sought after by tenants. The demand in this niche is consistent, strong and reliable. Affordable rents Single tenants typically pay $400 to $460 per week in the Brisbane Suburbs and Ipswich. Servicing the most affordable segment of the market means low volatility in market corrections. People simply will always need basic accomodation. Yield performance vs traditional residential assets Rooming is meaningfully higher gross yield than traditional 1-lease residential. With a solid number of rooming leases on offer across Brisbane (north, south, east and west), Ipswich, Moreton Bay and Logan. Rentals by effective property managers are consistent and see low vacancy. Investors are likely to see 2 - 3 times standard dwelling investments with gross yeilds in 7.6% to 8% and above. For a meeting to discus further please call Harry Imam 0403 180 092 harry.imam@raywhite.com Ravi Gayan 0426 560 756 ravi.gayan@raywhite.com Disclaimer: All information provided has been obtained from sources we consider reliable; however, we cannot guarantee its accuracy. Buyers are encouraged to conduct their own investigations and seek independent advice where necessary.

Property Features

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    Repayment calculator

    $7,189/month
    $3,595 /fortnight
    Loan $1,186,328 at 6.10% over 30 years

    Upfront costs

    Deposit$296,582
    Stamp duty$65,792
    Conveyancing (est.)$2,000
    Total upfront$364,374
    Verify with QLD revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    land
    Listing Type
    For Sale
    Bedrooms
    5
    Bathrooms
    5
    Parking
    3
    Land Area
    423m²
    Listed
    1 week ago

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