Kilburn Unit
Say you picked up this one for $130k, spend $5-10k on interior. You could probable rent it out for closer to the $200 mark (example) after $ spent. Pretty close to neutral after negative gearing and claiming deductions for reno.
Close to the city @ 8km.
Though I've looked around Kilburn I don't know this particular part of Kilburn too well, it's further west than I've been looking. I'm assuming it's perhaps a bit of a derelict area.
Thoughts?
I'm very tempted to take a closer look, I just think we might see other bargains in the not too distant future so think I'll hold off.
Say you picked up this one for $130k, spend $5-10k on interior. You could probable rent it out for closer to the $200 mark (example) after $ spent. Pretty close to neutral after negative gearing and claiming deductions for reno.
Close to the city @ 8km.
Though I've looked around Kilburn I don't know this particular part of Kilburn too well, it's further west than I've been looking. I'm assuming it's perhaps a bit of a derelict area.
Thoughts?
I'm very tempted to take a closer look, I just think we might see other bargains in the not too distant future so think I'll hold off.