Hi guys,
Just viewed this lovely property today
http://www.realestateview.com.au/Re...operty-Details-buy-residential-2973149_S.html
Overall, this unit is basically what I have in mind for staying in for a year and then turning it into an investment property. Vendors are looking for around 460-510k mark at auction (which I think means 530k really). Great location, its in a premium suburb and very near to public transport and the freeway access.
There's one thing about the property that is rather a deal breaker but my partner says its not. Its on a main road and its a main link road between neighbouring suburbs. I can literally hear every car pass by as the road outside is coarse chip road. My partner said we could glaze the windows and put more insulation in to cut out the road noise which is something i have no argument with (she quite likes the place and i think is getting emotional with it).
My question is does a busy road like this affect price valuation and rental in the future? Does putting in window glazing and all those in your experience make potential buyers and renters ignore the fact that it is on a busy main road?
Am happy to have other opinions of the proeprty as well.
Cheers guys
Just viewed this lovely property today
http://www.realestateview.com.au/Re...operty-Details-buy-residential-2973149_S.html
Overall, this unit is basically what I have in mind for staying in for a year and then turning it into an investment property. Vendors are looking for around 460-510k mark at auction (which I think means 530k really). Great location, its in a premium suburb and very near to public transport and the freeway access.
There's one thing about the property that is rather a deal breaker but my partner says its not. Its on a main road and its a main link road between neighbouring suburbs. I can literally hear every car pass by as the road outside is coarse chip road. My partner said we could glaze the windows and put more insulation in to cut out the road noise which is something i have no argument with (she quite likes the place and i think is getting emotional with it).
My question is does a busy road like this affect price valuation and rental in the future? Does putting in window glazing and all those in your experience make potential buyers and renters ignore the fact that it is on a busy main road?
Am happy to have other opinions of the proeprty as well.
Cheers guys