Adelaide southern suburbs... Is it worth buying? Suggestion?
- Thread starter clarew
- Start date
Looks like you bought well, prices here seem to have moved at least 10% unless you got an absolute steal?
definitly dreaming at $280,000. Might be nearing 280 with a new bathroom, kitchen and a freshen up of the whole house.
On my street in reynella a bloke has had his house for sale for over 6 months now, he bought it in '09 for 295,000 and he rented it out the whole time. He put it on the market at $305 no love, dropped to $290 still nothing, put a new kitchen in it- nothing, now down to $280 and it's just not moving sitting there empty. Gotta feel a little sorry for him, but he did over pay to begin with.
On my street in reynella a bloke has had his house for sale for over 6 months now, he bought it in '09 for 295,000 and he rented it out the whole time. He put it on the market at $305 no love, dropped to $290 still nothing, put a new kitchen in it- nothing, now down to $280 and it's just not moving sitting there empty. Gotta feel a little sorry for him, but he did over pay to begin with.
Is it this house?
http://www.realestate.com.au/property-house-sa-reynella-118206263
If it's not the house it's got similiar circumstances.
Bought in 2008 for 285k.
Rented out for $320 a week with an agent (as of 2014)
On the market now for 305k.
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That is a good buy - area is good around there and you cannot buy any cheaper than that.
The Agent Max De Boo is an absolute clown, he gets all his listings from over pricing properties then sells them at a much cheaper price - in fact i don't think he has EVER sold a property at or near the original asking price.
Twice I have put offers in to him and he has virtually laughed at me saying the offers were too low. No surprise, he came back to me both times a month later to see if my offer was still valid - I no longer deal or will even go to any open of his. The guy is rude and has a long history of over pricing properties to get the listing....
I wondered when his name would come up.Ethics do not exist with this company!!
That is not the best area of christie downs. $250-55k would be a fair price for it but not an excellent price for it
That's interesting to know. I did notice he had a lot of listings, I suppose if he has a property I'm interested in I will have to play the long game and take a chance someone else won't overpay.
Adelaide RE is a very fun game.
It's definitely lower/mid working class. Some go to the CBD i imagine. If you look at Google Maps you'll see it's not very far from Lonsdale (industrial area) and Mclaren Vale (winery area) and both areas employ quite a few people. I've noticed quite a few businesses starting up in the former.
The area also has the (2nd?) largest shopping center in Adelaide, too.
Poorly advertised, marketed at investors yet...
Looks like it's on a decent size block, yet no mention of land size or even land size in the features. When I search for >580sqm (which is what I do for most places I look in SA) it doesn't even come up. This could potentially be a big factor.
RP Data says the block is 717sqm, looking at the title looks about right.
Photos are dark and terrbile, doesn't highlight the kitchen enough.
No mention of potential rental income
Property shouldn't be selling for <$290k on my brief look.
27 William Road Reynella, SA, 5161 Sale Price: $260,000 Sale Date: 8 May 2015
4 Laffers Crescent Reynella, SA, 5161 Sale Price: $290,000 Sale Date: 25 Feb 2015
4 Laffers Crescent Reynella, SA, 5161 Sale Price: $290,000 Sale Date: 25 Feb 2015
13 Grandview Grove Reynella, SA, 5161 Sale Price: $295,000 Sale Date: 17 Dec 2014
11 Cheam Drive Reynella, SA, 5161 Sale Price: $298,000 Sale Date: 16 Apr 2015
15 Castle Street Reynella, SA, 5161 Sale Price: $302,500 Sale Date: 7 May 2015
25 Oxford Street Reynella, SA, 5161 Sale Price: $305,000 Sale Date: 19 Feb 2015
25 Castle Street Reynella, SA, 5161 Sale Price: $315,000 Sale Date: 11 May 2015
38 Thames Drive Reynella, SA, 5161 Sale Price: $315,000 Sale Date: 7 Apr 2015
19 Grant Road Reynella, SA, 5161 Sale Price: $317,500 Sale Date: 18 Feb 2015
24 Harrow Road Reynella, SA, 5161 Sale Price: $320,000 Sale Date: 18 Dec 2014
8 Cambridge Street Reynella, SA, 5161 Sale Price: $322,000 Sale Date: 27 Nov 2014
114 Hillier Road Reynella, SA, 5161 Sale Price: $337,000 Sale Date: 19 Mar 2015
p.s tell your mate he owes me a beer after I just sold his house for him
Low socio economic area - lots of long time unemployed in the area. Having said that demographic appears to be changing. Christies Beach in particular has a lot of English migrants moving in - cheapest beach suburb around. I found a lot of tradies or self employed ppl live in the area. There is a lot of local employment.
Public transport is great - walking distance(at a stretch) of Noarlunga train station which takes you straight to city in under an hour - caught it last week and it took about 45mins.
Also right next to expressway.
I spent 3-4weeks there while renovating, Id happily live there.
Heaps of blue collar tradies in the area
Not my mate, I'm just an onlooker who may or may not have just built a house next door
p.s tell your mate he owes me a beer after I just sold his house for him
Not my mate
, I'm just an onlooker who may or may not have just built a house next door Poorly advertised, marketed at investors yet...
Looks like it's on a decent size block, yet no mention of land size or even land size in the features. When I search for >580sqm (which is what I do for most places I look in SA) it doesn't even come up. This could potentially be a big factor.
RP Data says the block is 717sqm, looking at the title looks about right.
Photos are dark and terrbile, doesn't highlight the kitchen enough.
No mention of potential rental income
Property shouldn't be selling for <$290k on my brief look.
27 William Road Reynella, SA, 5161 Sale Price: $260,000 Sale Date: 8 May 2015
4 Laffers Crescent Reynella, SA, 5161 Sale Price: $290,000 Sale Date: 25 Feb 2015
4 Laffers Crescent Reynella, SA, 5161 Sale Price: $290,000 Sale Date: 25 Feb 2015
13 Grandview Grove Reynella, SA, 5161 Sale Price: $295,000 Sale Date: 17 Dec 2014
11 Cheam Drive Reynella, SA, 5161 Sale Price: $298,000 Sale Date: 16 Apr 2015
15 Castle Street Reynella, SA, 5161 Sale Price: $302,500 Sale Date: 7 May 2015
25 Oxford Street Reynella, SA, 5161 Sale Price: $305,000 Sale Date: 19 Feb 2015
25 Castle Street Reynella, SA, 5161 Sale Price: $315,000 Sale Date: 11 May 2015
38 Thames Drive Reynella, SA, 5161 Sale Price: $315,000 Sale Date: 7 Apr 2015
19 Grant Road Reynella, SA, 5161 Sale Price: $317,500 Sale Date: 18 Feb 2015
24 Harrow Road Reynella, SA, 5161 Sale Price: $320,000 Sale Date: 18 Dec 2014
8 Cambridge Street Reynella, SA, 5161 Sale Price: $322,000 Sale Date: 27 Nov 2014
114 Hillier Road Reynella, SA, 5161 Sale Price: $337,000 Sale Date: 19 Mar 2015
p.s tell your mate he owes me a beer after I just sold his house for him
It might be fairly priced, looking the most recent same street sales from the last 10-11 months:
42 Thames dr sold 29/07/14 $246000
35 Thames dr sold 01/08/14 $260000
