The cottage at 46 Temple Street, Coorparoo, is set for auction 9am Saturday June 24 on site.
Samantha and Cameron Jones were so fearful of their young adult children not finding places to live, they bought an investment house for their daughter to rent from them.
“My daughter was 21 then and she was ready to move out of home,” Mrs Jones said. “We were in a really fortunate position where we were able to buy the investment house and allow her to rent it from us for the next four years or five years. She still had to pay market rent.”
“It provided a safe rental property for her but at the same time provided us with a tenant who was going to love the house. It was kind of win-win for both really.”
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Samantha and Cameron Jones at their investment property in Coorparoo, which is now for sale after fulfilling its purpose as a rental home for their daughter. Picture: Lyndon Mechielsen/Courier Mail
The house at 46 Temple Street, Coorparoo, is listed for auction this Saturday June 24 at 9am on-site.
The three bedroom house at 46 Temple Street, Coorparoo, in Brisbane has now served its purpose for the family and been listed for auction onsite at 9am this Saturday June 24 overseen by Place Bulimba agents Shane Hicks and Antonio Puopolo.
Mrs Jones said they bought the house in 2018 because it was entry level and at $500 a week the rent wasn’t too exorbitant if their daughter took on flatmates.
In those five years though, the home’s location 4km to the Brisbane CBD and 200m from Coorparoo Train Station has seen rent rise almost 50 per cent from about $500 to $750 a week now.
A classic Brisbane suburban cottage scene off the front veranda.
The home is perfect for sharehousing or young families looking for property with potential to grow.
SQM Research Weekly Rents Index shows houses at $677.40 in Brisbane, up 10.5 per cent in the past 12 months, with an even sharper rise for units up 23.2 per cent to $535.47.
“It’s tough at the moment to be able to find a rental property,” Mrs Jones said.
She counts the family fortunate to be in a position to provide rental accommodation for their daughter during a rough period for renters.
“It allowed her to get a rental history as well because she legally rented it from us for a number of years,” she said. “It taught her lots of things about how to manage money, how to live independently. It was an opportunity for them to learn some life lessons.”
“It was all official,” Mrs Jones said, but there was “the bank of mum and dad if the world falls apart. It never did, so it was fine.”
The large backyard and the cottage’s potential to be raised STCA gives options for the future.
Two of the three bedrooms open onto the veranda.
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PropTrack data shows the median price of three bedroom houses in Coorparoo was $1.15m in the year to May.
Mr Hicks described it as “a very rare chance to enter the Coorparoo home market” with a home that still has lots of potential.
He said it had “a versatile and flexible layout that is a nice, neat home to live today with plenty of opportunity to lift and extend to create an amazing family home in the future”.
There was also a fully secured backyard, with car accommodation, laundry and secure storage under the home.
“The lifestyle location is sought after by many. Set directly across from renowned Wembley Park, the home is within easy walking distance to the train, bus, cafes, restaurants parks and Coorparoo Square. The Gabba is an easy walk just under 2km away.”
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