I saw an ad for Cobbin Creek Estate the other day. They're selling land 5 k's from Jindabyne starting at 57k, 1 and 2 acre blocks, including power, sewerage, phone, water and bitumen roads.
It says in the blurb, "outstanding opportunity for asute investor, extraordinary weekly rental returns during both winter and summer" yeah, yeah.
Has anyone had experience with a snowy mountain holiday rental?
I was thinking I could put 4 houses on the one huge block, a la Michael Croft. They'd be kit homes or manufactured ones or freebie fibros.
If I rented each one out for approx 14k per year, mainly in the ski season, that would be 56k per year and the land and houses would cost approx 280k? (approx 50k per house) + furnishings.
Does anyone think this would work? I know I'd have to check with the council first that I'd be allowed to put 4 houses on and be able to holiday let it.
Jenny
It says in the blurb, "outstanding opportunity for asute investor, extraordinary weekly rental returns during both winter and summer" yeah, yeah.
Has anyone had experience with a snowy mountain holiday rental?
I was thinking I could put 4 houses on the one huge block, a la Michael Croft. They'd be kit homes or manufactured ones or freebie fibros.
If I rented each one out for approx 14k per year, mainly in the ski season, that would be 56k per year and the land and houses would cost approx 280k? (approx 50k per house) + furnishings.
Does anyone think this would work? I know I'd have to check with the council first that I'd be allowed to put 4 houses on and be able to holiday let it.
Jenny