Keperra QLD - advice?

[snita]

Hi all, first time post long time reader etc etc!

Living in Sydney (PPOR Redfern) but looking at investing in Brisbane, and have come across a property in Keperra, old 3 bedder on 1133 sqm block. What sort of price would you pay for this, I've had a look at similar properties but trying to get a gauge of other peoples thoughts, and also what sort of potential it might have, I'm thinking buy and hold with a view to either subdividing or putting townhouses in?

One thing to note is directly opposite train line and very close to station.

thoughts?

Thanks
Ben

 

[Corey Batt]

Direct link to the property would be a good idea, with that very vague description it's hard to make any assumptions.

 

[Spectre]

If its the one which starts with B then the APMs range is 440-495k.... although busy road may be an issue...

 

[snita]

Direct link to the property would be a good idea, with that very vague description it's hard to make any assumptions.

I understand where you're coming from, I was trying to get an idea without showing the quoted price, but you're prob right it is a bit vague, so here it is anyway..

http://www.domain.com.au/property/for-sale/house/qld/keperra/?adid=2011049573

thanks!

 

[pinkboy]

I understand where you're coming from, I was trying to get an idea without showing the quoted price, but you're prob right it is a bit vague, so here it is anyway..

http://www.domain.com.au/property/for-sale/house/qld/keperra/?adid=2011049573

thanks!

They don't call him Corey 'Guzzump' Batt for nothing.........


pinkboy

 

[mitchitygrub]

Because the property is located within 25m of the railway corridor any development application will be referred to the Queensland Government, Department of Transport & Main Roads for their input.

The DA will be assessed in accordance with the departments assessment provisions.

Have a read of the 'State development assessment provisions' available at http://www.dsdip.qld.gov.au/resources/policy/sdap/state-development-assessment-provisions.pdf

Have a look at Modules 1 ,17, 18 & 19.

Also have a read through the 'Guide to development in a railway environment' available at http://www.tmr.qld.gov.au/~/media/b.../Guidefordevelopmentinarailwayenvironment.pdf

 

[LJW]

Hey Ben

I had a look at this site a few months ago but I personally thought it was overpriced. At the moment, you could keep the existing house at the front and subdivide at the rear, although you would probably need to demolish the rear deck in order to accommodate the min 600sqm rear lot.

The site cannot currently be developed for town houses, so you would need to wait for BCC to undertake a new neighbourhood plan in the area which may or may not actually happen in the future.

Cheers
Liam