Brisbane bargain GET IT NOW

[jerrybee]

I'm out of cash otherwise I'd buy this. It's worth $550k MINIMUM. A 3/2/2 just went for $630k down the road recently (Mesquite St).

http://www.realestate.com.au/119905901

Owner is overseas and probably unaware of what's going on in the market. And the agent is not a local (I know all the agents that work in the area), so he's equally clueless.

This area is hot. If you want it, you need to be able to make an offer within an hour of this post going up. Good luck. The properties on Mesquite St and Driftwood St sold this quickly a few weeks ago so make no mistake, this will go fast.

I know these areas like the back of my hand, I've been watching them daily for 3 years now. This will be the easiest 100-150k you've ever made. If anyone here scores this, you owe me a drink

 

[D.T.]

Even street number
Would have loved to have helped, but all 7 of my places have odd numbers, sorry.

 

[jerrybee]

OMG it's times like this I wish I had more cash. I know there are a lot here looking in Brisbane, this is as good as it gets fellas.

 

[EN710]

Even street number
Would have loved to have helped, but all 7 of my places have odd numbers, sorry.

6 and 8 are good numbers
Above my budget

 

[en_]

It on overland flow flood planning area and 'high hazard buffer area' for bushfire.

How does that affect things?

 

[jerrybee]

It on overland flow flood planning area and 'high hazard buffer area' for bushfire.

How does that affect things?

No it's not. It's never even come close to flooding there, I used to live down the road. You're looking at theoretical flood maps not historical.

 

[windyzz]

I'm not from Brisbane, and i dont understand much about the market ? Are you sure this is a good buy ?

 

[Ace in the Hole]

It's "offers over", could be anything...

 

[jerrybee]

I'm not from Brisbane, and i dont understand much about the market ? Are you sure this is a good buy ?

Did you not read all my posts?! I'm so frustrated I can't buy this myself. ##%*{@@@$$@

 

[jerrybee]

It's "offers over", could be anything...

Absolutely. But you could have a clueless seller which I've managed to find twice now

Over seas seller. Non local agent. I'd say this could be the perfect storm.

 

[EN710]

Did you not read all my posts?!

Nope, link please

 

[jerrybee]

I'm talking about the ones in this thread

 

[Ace in the Hole]

Unless the seller is completely desperate for an urgent sale, I thing the market will do the talking.

 

[windyzz]

Absolutely. But you could have a clueless seller which I've managed to find twice now

Over seas seller. Non local agent. I'd say this could be the perfect storm.

might want to get this!

 

[jerrybee]

This is the one I was referring to:

http://www.realestate.com.au/property-house-qld-sunnybank+hills-119633247

Much smaller house up the road. Listed for 565k, sold for 630k (632k if memory is correct).

 

[Brady]

It mentions TLC required and there's not a single pic of inside

 

[jerrybee]

It mentions TLC required and there's not a single pic of inside

I'd guess it doesn't justify a 100-200k reduction. If I were a betting man...

 

[D.T.]

It mentions TLC required and there's not a single pic of inside

Davoren Park special?

 

[sumterrence]

Looking at the figures it does seems promising, wonder what s the actual reason why the owner is selling. the Agent mention the property need a bit of TLC, duno how much does it actually need lol

 

[Brady]

Last Sale Details
Sale Price: $405,000
Sale Date: 18 Jan 2007
Settlement Date: 19 Feb 2007


CBA Automated Valuation Amount: $600,994 (can be used up to 80% LVR)


Cheapest comparable (if you could call it comparable) 311 Gowan Road Sunnybank Hills, QLD, 4109. 3x2x2 - 641m2. Sale Price: $509,900 Sale Date: 12 Jul 2014

All the way up to most expensive comparable 14 Shylock Crescent Sunnybank Hills, QLD, 4109. 4x2x2 - 620m2. Sale Price: $695,000 Sale Date: 13 Apr 2015

With 18 sales inbetween these two. Be interesting to see what it goes for.