Hi,
I am new to property investment and would like some feedback on the following property:
House: Weatherboard, 3 bedroom, 1 bathroom, 1 car carport
Condition: Average
Suburb: Oak Park, VIC, 3046
Block: 700m2
Rented At: $250 pw
Asking Price: $480,000, comes with approved plans and permits to build two 2 storey townhouses and a single unit.
Other: Backs onto railway line
Just wondering if anyone can provide some feedback on this property. Approx. figures on what it would cost to knock it down and build the 2 townhouses and unit would be great?
Thanks
I am new to property investment and would like some feedback on the following property:
House: Weatherboard, 3 bedroom, 1 bathroom, 1 car carport
Condition: Average
Suburb: Oak Park, VIC, 3046
Block: 700m2
Rented At: $250 pw
Asking Price: $480,000, comes with approved plans and permits to build two 2 storey townhouses and a single unit.
Other: Backs onto railway line
Just wondering if anyone can provide some feedback on this property. Approx. figures on what it would cost to knock it down and build the 2 townhouses and unit would be great?
Thanks