2 Lacy Place

Bundamba QLD 4304

Bundamba is a well established suburb of Ipswich including Bundamba State school, Secondary College and Tafe College with the University of Southern Queensland Springfield Campus only minutes away. Local shops and the train station are within walking distance, with Booval Fair major shopping centre located only a 7 minutes away. Bundamba railway station provides access to regular City train services to Brisbane, Ipswich and Rosewood via Ipswich CBD.

LAND FEATURES INCLUDE:
- Good capital growth suburb.
- Schools, Shops & Train only minutes drive away.
- 13 mins to Ipswich CBD.
- 50 mins to Brisbane CBD.
- Surrounded by quality homes.
- 451 sqm elevated allotment.

INVESTMENT DETAILS:
Please see attached images on a proposed 3 bedroom home with an additional 1 bedroom unit which can be built by the local builders for approx $245,000. Please note that the house plans supplied are an example only of what could be built. We encourage buyers to obtain their own final plans, council approvals and builders fixed price. Buyers can make an offer on the land subject to a fixed price by their builder and subject to council approval for the dual key (duplex) style dwelling. So you have nothing to lose!

Depending on the price you can negotiate with the owner on the land and the builders final price, you could potentially own a Brand New Duplex 3 bed house + 1 bed unit built for around $390,000 *STCA. This could be rented for a total of $550 per week (house $310 + unit $240). This makes for an excellent and unbeatable 7+% return, WOW! Plus being a brand new home you would be able to get a high depreciation value.

Over the past 5 years capital growth has been positive and with the major infrastructure changes and extra jobs planned for the suburb it can only get better, plus rental returns are amoungst the best throughout the Ipswich region and rental demand has been good for many years, so vacancy rates are low.

Rental Appraisals should you decide to build the proposed Duplex (see included images);
1brm home, 1 bath, single lock up garage - would be approximately $220 - $240 per week.
3brm home, 1 bath, single lock up garage - would be approximately $295 - $310 per week.
Total rental income being up to $550 per week, or $28,600 per annum.

Or, build a 4 bedroom home with ensuite and the rental appraisal would be $380 - $400 per week depending of size of home and quality of build.

BUILDER DETAILS:
Located within a rapidly expanding area of Ipswich, you'll be treated to a prime location that's only minutes from Ipswich CBD and incredibly convenient access to the highway. In keeping with the surrounding homes, new buildings must be on poles/stumps (garages/patio can be slab on ground). We recommend GJ Gardner Homes Ipswich who specialise in pole/stumped homes throughout the local suburbs.

Please contact Jason & Jodie Lamborne 0400 286 001 to make your interest known.

*Subject to council approval