I didn't really want to buy it, but it's around the corner from where we live - can see the roof of the building from our house. I walk past this block a few times a week and I've always admired how well kept it is. I noticed this flat for sale and went and looked it more out of curiosity than anything and thought I would be a dill to not buy it.
- It's the top floor with a leafy outlook on both sides.
- 52sqm.
- Bathroom with a shower and bath.
- Big internal laundry.
- good sized bedroom.
- Little balcony.
No parking, but there is a bus stop 100 metres away and the train station is 400 metres. And within a 200 metre radius are 3 GoGet cars. Lots of youngsters in the inner west aren't bothering to own cars.
There is also a supermarket 100 metres away and lots of cafes, restaurants, bars etc within a few hundred metres.
And it's in the good part of Marrickville - a suburb that really is going nuts right now. It is benefitting from the general Inner West run, but also from it's incredibly accelerated gentrification in the last year or so.
I can squeeze the current tenant up to $380pw, which means it would cost me about $100 a week to hold.
With a new kitchen (that I would put in myself because I like a project), it would get maybe $420.
If I furnished it and rented it short term (probably on Airbnb) I would get close to $500pw and it would be cf+. That's what I'll end up doing next year.
This is the sort of thing young first home buyers should be looking at I reckon. It would be a good starter property - liveable with scope to reno.
http://www.realestate.com.au/property-unit-nsw-marrickville-114710527
Scott
- It's the top floor with a leafy outlook on both sides.
- 52sqm.
- Bathroom with a shower and bath.
- Big internal laundry.
- good sized bedroom.
- Little balcony.
No parking, but there is a bus stop 100 metres away and the train station is 400 metres. And within a 200 metre radius are 3 GoGet cars. Lots of youngsters in the inner west aren't bothering to own cars.
There is also a supermarket 100 metres away and lots of cafes, restaurants, bars etc within a few hundred metres.
And it's in the good part of Marrickville - a suburb that really is going nuts right now. It is benefitting from the general Inner West run, but also from it's incredibly accelerated gentrification in the last year or so.
I can squeeze the current tenant up to $380pw, which means it would cost me about $100 a week to hold.
With a new kitchen (that I would put in myself because I like a project), it would get maybe $420.
If I furnished it and rented it short term (probably on Airbnb) I would get close to $500pw and it would be cf+. That's what I'll end up doing next year.
This is the sort of thing young first home buyers should be looking at I reckon. It would be a good starter property - liveable with scope to reno.
http://www.realestate.com.au/property-unit-nsw-marrickville-114710527
Scott