I'm looking at a property in Footscray, Vic - as a place to live - not an IP.
Block is 640m2, in theory could be sub-divided - but we would not do so as we'd want it to become our family home.
Here it is.
House itself is old style - beautiful facade. Definitely needs some work. Repainting, restumping, re-roofing - and some plaster work. Having said this - it's quite liveable now. The above would definitely give some room to negotiate down - but the REA is already playing the LAND card - saying that a block like this so close to the CBD will push up the price more than anything else. His estimation is that this will end up selling for $700-750k - possibly dreaming, possibly not. Note: There is no price range quoted in the ad.
Appreciate some feedback on how to approach this one.. Yes it's a bit like "how long is a piece of string" - but am wondering how much the land size/location will affect the overall price given the amount of work to be done.
Cheers
Block is 640m2, in theory could be sub-divided - but we would not do so as we'd want it to become our family home.
Here it is.
House itself is old style - beautiful facade. Definitely needs some work. Repainting, restumping, re-roofing - and some plaster work. Having said this - it's quite liveable now. The above would definitely give some room to negotiate down - but the REA is already playing the LAND card - saying that a block like this so close to the CBD will push up the price more than anything else. His estimation is that this will end up selling for $700-750k - possibly dreaming, possibly not. Note: There is no price range quoted in the ad.
Appreciate some feedback on how to approach this one.. Yes it's a bit like "how long is a piece of string" - but am wondering how much the land size/location will affect the overall price given the amount of work to be done.
Cheers