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  1. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Hi Jason, At this stage we're planning on just going into a few years of debt reduction and enjoying the fruits of our labour. No more delayed gratification. We've set the framework up for our retirement now. We have sufficient assets behind us with sufficient equity that the cash flow...
  2. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Thanks everyone, Not quite there yet, still a fair bit of bank refinancing and new loans that needs to happen, but we're on the path. Tenants are in now and minor final defects being rectified. Looking forward to a few months time when the dust has all settled and I can sit back and...
  3. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Just went unconditional... We popped some more bubbly last night when the 10% deposit cheque went in to the REA and the cooling off period lapsed. They're dead keen to settle quickly and so are we. All coming together now. We've got our strata certificates with the bank right now for the...
  4. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Hi Lizzie, We're going to hold all three of the Mona Vale units and rent them all out. Two of the three are rented now and the last one should rent pretty quickly. Its our former PPOR in North Narrabeen that we sold just to release some equity to give us the cash to build our new PPOR in...
  5. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Sold Sold! And just when we'd just about given up. Quite amazing, I just posted the details in this post here in my other thread. Got a great price that we're more than happy with but which is also a great buy for the purchaser. They've got grand plans to build more into that house...
  6. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Thanks mate. Yeah, she's almost brand new and in great condition. But because its a battle-axe on the street side it takes a buyer that likes the separation from the road. Most have complained about the access as they're used to your drive up and park in the garage type house. This isn't...
  7. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Thanks Andreas! Sounds like a good idea, I'll get onto it. Sanj, when we bought the block of land it came with DA approved plans which we ran with. If we'd designed it we would have probably included a second bathroom somewhere. Its in Pittwater Council so DA approvals are hard to come by...
  8. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Yep, that has been one of the comments, but there is definately scope in the design and layout for another bathroom to be added off the stairwell opposite the fourth bedroom and directly below the existing bathroom. Its already fully enclosed as a room with rear access for storage so would just...
  9. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Hi Guys, Ed, what high voltage power lines? There aren't any anywhere near the property. I think one of the outlook photos might show some somewhere but that might be zoomed in. Fokas, many thanks! Yes, we designed, built, painted, finished it all ourselves. It was a huge job but very...
  10. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Thanks Raj, I just hope somebody can... We originally asked high 9's and had a lot of interest, but the inclinator access was enough to dissuade these buyers so we've now dropped it to $925K+. That is really good buying for a master built house of that calibre in its location and on...
  11. MichaelW

    We've decided to sell our Sydney former PPOR in North Narrabeen

    Hi Everyone, Well, we've decided to make our move to Brisbane permanent and have put our former PPOR in North Narrabeen up for sale. If we can't achieve the price point we want then we'll rent it out again for $800pw and we have excellent tennants lined up waiting. Given we now have the...
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