400k for Balmain

Discussion in 'Where to Buy' started by cenz, 23rd Sep, 2014.

  1. cenz

    cenz Member

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    http://balmainrealty.com/1P1402

    400k for a studio in Balmain, potential to convert to a 1 bedroom! Am I missing something here?

    Floorplan: http://balmainrealty.com/system/floorplan.php?id=1P1402-1

    The streetview for this building is a little suss:

    https://www.google.com.au/maps/@-33.8578275,151.1946152,3a,75y,208.13h,92.42t/data=!3m4!1e1!3m2!1s9J1KU88RRxlZz79ddF6WbA!2e0

    I'm not in the market for this, however some questions came to mind:

    • Would it be harder to get finance for this, say opposed to a 1 bedoom unit?
    • To put up the proposed wall in the floor plan, is this just a matter of approaching the strata committee?
     
  2. Propertunity

    Propertunity Real Estate Buyers Agent

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    It's not a great floor-plan. When the wall goes up, if you have visitors around, they have to go thru your bedroom to go to the bathroom. :(
     
  3. depreciator

    depreciator Member

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    The ad says, 'offers over $400K'. Pretty open ended.
     
  4. Scott No Mates

    Scott No Mates ...and people wonder why?

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    I thought this was an old post. $400k won't go far.
     
  5. Television

    Television Schemin' and dreamin'

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    Just brick up the existing door in to the dunny and chop a new one through the kitchen.

    Problem solved, no wuckas!
     
  6. Propertunity

    Propertunity Real Estate Buyers Agent

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    Under the BCA, I don't think you can have a toilet door opening into the kitchen area, where food is prepared. :(
     
  7. cenz

    cenz Member

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    Move the kitchen to the bottom/left of the floor plan. Leaves a little nook for dining table where the existing kitchen used to be. Toilet door can then be relocated to adjacent wall.

    Will also result in an open plan design after removing the kitchen walls, bonus!
     
  8. cimbom

    cimbom Member

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    I think the current floorplan is ok but it's tiny! I don't think it's even 30sqm? I don't think it's really designed for having visitors over :p
     
  9. cenz

    cenz Member

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    Just dug this up, it sold for $420k.
     
  10. misakimen

    misakimen Member

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    I am wondering if any strata will allow you to do so
     
  11. Television

    Television Schemin' and dreamin'

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    For some hotshot working 14 hours a day making squillions this might represent a convenient place to go and crash at night?
     
  12. Gockie

    Gockie Life loving Big 4 Banker

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    The bedroom wouldn't have a window with that proposal except from the bathroom, so it's not great...