Elizabeth Downs -Hot lead for low cost Mortgagee Sale
- Thread starter Stangman
- Start date
If they were to burn down and you had to rebuild, it'd likely cost 150k a side
If you sold the land though, you'd probably only need another $50k to break even, so I'd go somewhere in between those two numbers. But obviously everyone is different when it comes to insurance.
Thanks guys. LOL! I'd be better off if they DID burn, well, after the insurance is fixed that is. 
Oh, just in case anyone things that I'm asking for someone to do that, I'm not. I'm not a fan of paperwork & being implicated in something dodgy...BUT....if some scumbag were to break in and do it, it's nice to know you'll be OK.
Damn insurance companies used to help you with these questions. Now, you're left in the dark.....go fill the online calculators to work it out. No wonder everyone's insurance costs are so high. We're all over insuring.
Oh, just in case anyone things that I'm asking for someone to do that, I'm not. I'm not a fan of paperwork & being implicated in something dodgy...BUT....if some scumbag were to break in and do it, it's nice to know you'll be OK.Damn insurance companies used to help you with these questions. Now, you're left in the dark.....go fill the online calculators to work it out. No wonder everyone's insurance costs are so high. We're all over insuring.
Just going on from my question before - is 1200 for a 200k property standard for council rates in Elizabeth areas?
Anyone else got any idea of rates they want to chime in with?
Anyone else got any idea of rates they want to chime in with?
I told you before $1300 approx
Sorry that was unclear - i was quoting you before with the 1200 figure (but got it wrong and wrote 1200) and was wondering if anyone else had any figures to add, or to confirm if this was the norm.
Thanks for the response
Actually how much do you think something like this would cost to do it up in a presentable way? Hiring people for all the work. Asking for someone else I know who might be keen.
Floors polish 100sqm (1 side) $2500
Kitchen (including 1 stove) $3000 ?
Paint/Patch $4000 (1 side, plus a few rooms on the other side) ?
Split System $2500 x 2
Blinds $1500 Both sides
Bathrooms (cant really tell) but they needs some work + fittings $1000?
1 window replacement $350
At a guess somewhere between $15k and $22k, but really it could be much worse/better in person.
Split systems make up a fair portion of that. Might be able to find an alternative or cheaper solution.
It would probably be a lot more than this closer to $30k
Once you start renovating it always cost more
Always hidden extras. Blocked pipes, electrical etc
Better off with house. Can get more respectable tenants I'm guessing
Once you start renovating it always cost more
Always hidden extras. Blocked pipes, electrical etc
Better off with house. Can get more respectable tenants I'm guessing
Plans are in motion to transform Elizabeth into the business powerhouse of Adelaide's northern suburbs.
Elizabeth is about to undergo a four hundred million dollar transformation to make it Adelaide's second CBD.
News Article Here (Video)
Elizabeth is about to undergo a four hundred million dollar transformation to make it Adelaide's second CBD.
News Article Here (Video)
Lmao , more like 5k a side if ya know where to shop
Insured for 250-300k I think
I don't really think that's going to happen, but good news stories are always good, regardless of whether they're true.
I'm very eagerly awaiting the response on the four semis that I made an offer on. Should hear back Monday.
Until the state govt forms a 'redevelopment authority' its pie in the sky... still something to review every 12 months or so tho, see if/what comes of it. These things can be talked about for years with no moving forward.
