Elizabeth Downs -Hot lead for low cost Mortgagee Sale

[Corey Batt]

Hi Guys,

What do you think of this property?

http://www.realestate.com.au/proper...sagesUID=3fc2cf15-5b81-4bb5-97bb-c32c1027032b

Any comment, advice or other recommendation is much appreciated.

Thanks!

Quite pricey, stock comes up periodically on the market around Elizabeth at the 170-180k in OK condition. I wouldn't pay a premium just for a 'neat' house, as it'll take a while for the CG to top your buy in price. Especially when the yield isn't particularly high.

 

[Brady]

Quite pricey, stock comes up periodically on the market around Elizabeth at the 170-180k in OK condition. I wouldn't pay a premium just for a 'neat' house, as it'll take a while for the CG to top your buy in price. Especially when the yield isn't particularly high.

Shhh I'm happy for everyone to pay premiums for 'neat' houses, it's great come re-val time means only a nice quick tidy up

 

[PHP]

Quite pricey, stock comes up periodically on the market around Elizabeth at the 170-180k in OK condition. I wouldn't pay a premium just for a 'neat' house, as it'll take a while for the CG to top your buy in price. Especially when the yield isn't particularly high.

thanks for info CJay.. I will stay on the look out for those properties..

 

[RetireRich101]

Quite pricey, stock comes up periodically on the market around Elizabeth at the 170-180k in OK condition. I wouldn't pay a premium just for a 'neat' house, as it'll take a while for the CG to top your buy in price. Especially when the yield isn't particularly high.

this land size is 851m2 in a corner position. would potential for splitter?
looking at the block, you probably can get only 300m2 out of the side block as the main dwelling is quiet centrally located..
Just want to get a feel of the splitter and battleaxe requirement, if someone wants to keep the main dwelling?

 

[Joeyv]

Anyone have any experience with building 3 bed Villa On 300sqm.
What's the cheapest 3 bed house that can be built turn key?

 

[Anon_]

Yeah I see absolutely no reason why you would buy that Minchington Road property.

 

[Corey Batt]

Anyone have any experience with building 3 bed Villa On 300sqm.
What's the cheapest 3 bed house that can be built turn key?

My clients seem to be consistantly using Statesman and Sterling for cheap builders, especially around the Elizabeth/Smithfield area.

 

[Marlin]

Yeah I see absolutely no reason why you would buy that Minchington Road property.

Tell us more.

 

[D.T.]

Got one in offer stages in Adelaide, more details if it comes to fruition

 

[DaveM]

Got one in offer stages in Adelaide, more details if it comes to fruition

Believe it when I see it

 

[Corey Batt]

Believe it when I see it

It's a good one too.

 

[Waldo]

It's a good one too.

First person to outbid DT wins?

 

[Truly Exotic]

http://www.realestate.com.au/proper...th+south-116580087?rsf=emailalert-propdetails

Good pair of semis on good land, better location then most, good block shape
$289k,
I think it will sell within a week at around the asking price

 

[Anon_]

http://www.realestate.com.au/proper...th+south-116580087?rsf=emailalert-propdetails

Good pair of semis on good land, better location then most, good block shape
$289k,
I think it will sell within a week at around the asking price

Separate titles is a big plus also. Definitely worth a look.

 

[TMNT]

Separate titles is a big plus also. Definitely worth a look.

how come? if you are developing, then it wont make a difference

 

[Anon_]

how come? if you are developing, then it wont make a difference

Not everyone is a developer.

 

[Joeyv]

http://www.realestate.com.au/proper...th+south-116580087?rsf=emailalert-propdetails

Good pair of semis on good land, better location then most, good block shape
$289k,
I think it will sell within a week at around the asking price

How is the block shape good? It's a triangle

 

[Corey Batt]

How is the block shape good? It's a triangle

Not the best shape at all, but so long as there aren't any tricky easements you may be able to squeeze an OK unit development on it. Not something I'd touch however.

 

[D.T.]

Got a reno gig under offer in Craigmore

Also offered on one in Salisbury which was accepted by vendors, but then the agent wouldnt accept 1k deposit, says its company policy to accept 10k minimum so told him to get lost.

What else is going on in northern burbs guys?

 

[jim1964]

agent wouldnt accept 1k deposit, says its company policy to accept 10k

Getting his commision in the bank,real old school thinking,the vendors must have agreed as well,otherwise he would crawl back.I only ever put 1k in the pot,1 or 10,whats the difference.