Hi all, I would appreciate any advice on a house that I have found and am interested in.
It is located in Queanbeyan, two minutes walk to the main shopping centre, on a 750 m2 block. It is zoned 2c. The house is quite foul, it is a three bedroom cottage type brick veneer requiring work and a big clean up. Would need a full new kitchen, paint and carpet. It is tenanted until May 2011 at $415 a week.
It is for sale at $450k, we offered $405k and they have come back at $420k, we haven't offered anything else yet. The plan would be to reno before the lease is up and then move in. We would then live in it for 18 months before moving away from Canberra/Qbyn in Jan 2013.
We are first home buyers and also looked at standard brick homes, 3 bedrooms, 1 bathroom on 650 m2 blocks but not in as good location for around $440k.
Does anyone have any thoughts? TIA
It is located in Queanbeyan, two minutes walk to the main shopping centre, on a 750 m2 block. It is zoned 2c. The house is quite foul, it is a three bedroom cottage type brick veneer requiring work and a big clean up. Would need a full new kitchen, paint and carpet. It is tenanted until May 2011 at $415 a week.
It is for sale at $450k, we offered $405k and they have come back at $420k, we haven't offered anything else yet. The plan would be to reno before the lease is up and then move in. We would then live in it for 18 months before moving away from Canberra/Qbyn in Jan 2013.
We are first home buyers and also looked at standard brick homes, 3 bedrooms, 1 bathroom on 650 m2 blocks but not in as good location for around $440k.
Does anyone have any thoughts? TIA