Wow!
There was pair auctioned in Salisbury on Horwood Rd, the REA confirmed that it sold but wouldnt disclose price. What a *****.
Adelaide Investment Suburbs
- Thread starter Scarlett09
- Start date
Wow!
There was pair auctioned in Salisbury on Horwood Rd, the REA confirmed that it sold but wouldnt disclose price. What a *****.
Fairly rough and ugly imho, same build era as Elizabeth. *however* the block sizes can be generous in size and dimensions, making them conducive to development, so there's been some interest in the area. I'm not a fan personally though.
I had to re-read your post, I thought it was 375,000 after getting diverted to the link. Came back to find I was dyslectic.
$735,000 is a little over the top!
Most of the properties in this suburb are close to salisbury CBD and station. Have noticed the bigger blocks getting snapped up pretty Quickly. What makes you say your not a fan CJay? Shoddy demographics or unattractive yields?
As I mentioned previously, the area is relatively 'ugly'. The poor builds of the time, generally neglected and little quality outdoor public areas. If you've driven through the areas, you'd understand.
Proximity to Salisbury centre doesn't mean much, as almost all the suburbs are near it, and any area which isn't is generally newer and more desirable from aesthetics.
I'd sooner look into Para Hills, Ingle Farm etc for similar-slightly higher budget.
Agree better value paying slightly more for para hills and ingle farm. Really like ingle farm.
Median house price in Plympton park is $427,000. Knowing the area this block is nearly twice the size of the average 700sqm block in the suburb. Don't compare this to the semis in the northern suburbs. Plympton Park is a well positioned suburb, along the tram line between the city (approx 7km out) and the beach. I'm sure a developer in the know will squeeze a few on this large block and make a tidy profit.
I'm just providing some info rather than making generalised statements. Care to share your sums based on the Northern Policy Area 13 (City of Marion Council) zoning and what developments can be approved on the size/frontage of the block? I would be interested to see.
Good properties priced well aren't lasting long.
Suggested to a friend that this property was well worth a look, that if it looked 1/2 decent it would be gone straight away. Offer was accepted @ 1st open
http://www.realestate.com.au/property-house-sa-athelstone-117019583
27 Bridget Street Athelstone SA 5076 asking price $425,000 - $445,000
Suggested to a friend that this property was well worth a look, that if it looked 1/2 decent it would be gone straight away. Offer was accepted @ 1st open
http://www.realestate.com.au/property-house-sa-athelstone-117019583
27 Bridget Street Athelstone SA 5076 asking price $425,000 - $445,000
Certainly not lasting long in that price bracket. I've been seeing anything below $500k in high demand, starts to slow down above that.
I was considering doing this renovation in Hawthorn but thought it would go too far over the estimate. Definitely some money to be made.
http://www.realestate.com.au/property-house-sa-hawthorn-116985639
http://www.realestate.com.au/property-house-sa-hawthorn-116985639
