Hi All,
I am new to property investing and the forum. Hope someone can give me their opinion on an inner city (7km from CBD) apartment I am interested in as my first IP.
It is a 2 bedder second level apartment on a main road, but, the front yard is good distance away from the pavement (no gates). This is very much a residential area but there is an old milk bar right next door, which is still operating.
My first concern is main road, will this matter much to the potential renters?
My second concern is the milk bar. I haven’t lived next to a milk bar before but I have seen kids hang out in front of milk bars in the area I used to live. Do you think this is going to be much of an issue?
Thanks in advance for your views,
San
I am new to property investing and the forum. Hope someone can give me their opinion on an inner city (7km from CBD) apartment I am interested in as my first IP.
It is a 2 bedder second level apartment on a main road, but, the front yard is good distance away from the pavement (no gates). This is very much a residential area but there is an old milk bar right next door, which is still operating.
My first concern is main road, will this matter much to the potential renters?
My second concern is the milk bar. I haven’t lived next to a milk bar before but I have seen kids hang out in front of milk bars in the area I used to live. Do you think this is going to be much of an issue?
Thanks in advance for your views,
San