Now that I have checked using a design program, it appears 36sq internal +1sq bathroom +1-2sq balcony +car park.... So yes this is the tiny category. What are your thoughts on this size? And finance?
Hi Spades, boy would I be happy if this were a deco or heritage building. It's a neat block of 12 flats in total, three sets of stairwells with 2 apartments per floor. Yes, it has a balcony and car space. It is wonderfully maintained with a north facing balcony and security entrance. Car park...
Thanks for explaining that Westminster. I only have a 10-15% deposit. What would you think I should do in that case? I was trying to put in an offer prior to auction. The agent has already specified due to the auction being only a couple weeks away that it would have to be an unconditional offer...
Spades, the thought has crossed my mind, yes. But I would be more worried about the finance for this were it a OTP for completion in the future. I'm approved for more than double this budget, so I check out, the apartment would just have to meet the bank val surely? I appreciate any advice you...
Thanks for sending through that link, Westminster. I had also seen apartments with the carpeting off exposing the concrete floor, then resurfaced. Obviously that is cold in winter etc so negative there.
The link supplied looks really good.
All in all the apartment would only need a...
Thankyou all for your replies. Great response Westminster. I will look at this flooring. I don't mind wood-look as long as it is a high quality look. It is something that I can see I would take pleasure in. Interesting, too, that your suggestion will easily comply with strata.
Love the Ikea...
Response
I love all your suggestions so far. I have gone back to take another look at the property today and ended up speaking with someone who lives in a ground level flat. She said it is indeed a quiet block and well maintained by body corp and residents. The block brickwork I asesed and...
I have seen this small but light filled 1br apartment and am considering securing it for my PPOR. I plan to live in it as long as it suits my single lifestyle (single city dweller), and hence plan to renovate this for myself, with the idea that into the future I could let it out when needed...
@DaveM
- Bodycorp is 2800 annually.
- I am on 80k per year.
How high is high? I am working with my above constraints in regard to my own affordability. I am trying to figure out complete costings to determine affordability. I am keen to understand what is an average bodycorp for apartment...
Hi,
I need some advice! Recently an inner city heritage apartment has caught my eye. I intend to use as my PPOR. It is a two level one bedroom plus study apartment, located in a heritage building/precinct. Unfortunately, the BodyCorp seems **very** expensive. On the positive side - the same...
Any others with advice?
Thanks Mr Fabulous: you are right, 350k would be the entry point for a 2 br house from my discussions with agents and research. May also need a bit of work.
Anyone else have any advice? Much appreciated!
*bump*
Hi all,
I have been considering getting a foothold in the Geelong West market. I am looking at a 3br House PPOR that I can rent out rooms, gain first home owners grant, with the potential to completely lease out for some time while I address the principal.
I believe Geelong West offers the...