Buying split level house Pennant hills

[bingomung]

Hey guys we are looking at this split level house (930 sqm land with around 220sqm internal, 1980 brick veneer house) in pennant hills. half level down there is a rumpus ( with access to the courtyard), ground level a dinning room, bedroom, bathroom, kitchen, half level up a lounge ( with access to the courtyard) and another half level up 2 bedroom, retreat area and master room suites. We found that the lounge is a bit small but still acceptable. We are worried split level house has impact on the property price. We guess the price may go up to 1.18 milan auction . Any comments are welcome

 

[ej89]

why would it have an effect on the price?

 

[cadence]

split level is common in Pennant Hills
lots of very nice houses there are split level

 

[virgo]

Phills

Hiya

If i am not wrong, that property is so "cheap" because of the house number...the Chinese will/may not touch it

Street is one of the best though within walking distance to station...

You are basing a one million dollar house decision on split level or not?

Your Investment Property magazine this month has a write up on Pennant Hills....worth a read.

FYI there are only 9 houses for sale in the entire suburb atm.....

once the NorthConnex connecting M2/M7 to M1 goes through, i anticipate demand will increase as traffic is bypassed on Pennant Hills road....

hope that helps

 

[Jacque]

Hey guys we are looking at this split level house (930 sqm land with around 220sqm internal, 1980 brick veneer house) in pennant hills. half level down there is a rumpus ( with access to the courtyard), ground level a dinning room, bedroom, bathroom, kitchen, half level up a lounge ( with access to the courtyard) and another half level up 2 bedroom, retreat area and master room suites. We found that the lounge is a bit small but still acceptable. We are worried split level house has impact on the property price. We guess the price may go up to 1.18 milan auction . Any comments are welcome

Not so convinced the no. will make a difference (if it's the house I've pinpointed) here though closeness to rail may impact price. Houses of this size, however, with decent spaces and yards are easily eclipsing $1.1m+ range now so I wouldn't be surprised if this one fetches $1.2m+ Obviously difficult to tell without inspecting and knowing more but FYI Pennant Hills houses have grown a staggering 29% over the last 2 years so - making what cost $950K 2 yrs ago
equivalent to the $1.25m mark now. Split level won't make any difference here in my opinion- it's primarily about level yards, position and condition of house over anything else. Best of luck with the auction

 

[mini2]

FYI Pennant Hills houses have grown a staggering 29% over the last 2 years

Yikes. Does the above applies to West Penno? Time for a reval on mine then

 

[Jacque]

Yikes. Does the above applies to West Penno? Time for a reval on mine then

Even better mini 31.3%

Was chatting to a potential client today who's been looking for 15mths and started with a budget of $800K for a house in a Hills suburb.... she now needs $1m for the same product and has had to alter her search area to accommodate accordingly. Infrastructure changes were the catalyst but the market has also suffered from a lack of listings vs increased buyer demand. Boom certainly not over yet, from where we stand.

Let us know your reval when it comes in- sure you'll be pleasantly surprised.

 

[cadence]

I recall reading somewhere not so long ago that northwest had 100% auction clearance rates