2 x 1 unit in Windsor

Discussion in 'Where to Buy' started by Alex P Keaton, 3rd Mar, 2014.

  1. Alex P Keaton

    Alex P Keaton Member

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    What do you think of something like this? A unit in Windsor would be an affordable entry point to buy into an inner city suburb. These units I think would have good CG and becuase the cost price is lower the yield would be a bit higher than if I bought for over $400 K too.

    Group of 6 - a 2 x 1 on Bowen Street Windsor

    Asking $275 k. Sounds like good value to me. I could do a small reno on it and maybe be able to ask for a higher rent? I'd have no trouble finding a tenant.
     
  2. Alex P Keaton

    Alex P Keaton Member

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  3. starter

    starter Member

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    I think the idea is good Alex but not sure about that particular property, no car space I think could be an issue. I wouldn't just limit it to Windsor but would also look at other inner city suburbs too (both north and south). Alderley for example is also a decent option and near the uni.
     
  4. Tulamalula

    Tulamalula Member

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    Windsor is beautiful.
     
  5. Beanie Girl

    Beanie Girl Member

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    Alex, forget about the property in Bowen St.
    It flooded 2.7m in the Jan 2011 floods - source of flood was from Brisbane river :eek:
    Highest source of flooding is from creek/waterway - 1 in 100 year chance of 3.5 m water level
    Flooding may also occur from storm tide and overland flow
    So this property faces the whole caboodle of flood types
     
  6. Alex P Keaton

    Alex P Keaton Member

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    Wow how did you find that out? I dunno why but I thought the only flooding area to worry about we're in the outer suburbs like seqld.
     
  7. Alex P Keaton

    Alex P Keaton Member

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    Yep I think within that 3 - 6 k radius ring around the cbd. Ah ok I hadn't thought of Alderly I'll have a look into it. Ta
     
  8. D.T.

    D.T. Property Lookerafterer

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    Check the bris city council website. They have really good flood maps on there to show different shades of blue for flood likelyhood
     
  9. Alex P Keaton

    Alex P Keaton Member

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    Thanks will do. I had a look at a flood map & other info to do with QLD flooding a few weeks ago but I guess didn't look into the inner suburbs thinking they'd be safe. I'll have another look.
     
  10. Alex P Keaton

    Alex P Keaton Member

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  11. marg4000

    marg4000 Member

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    Some inner city suburbs were the among worst affected.
    Marg