Hi,
I recently bought a flat at the Docklands, Melbourne. The apartment has 2 bedrooms, 2 bathrooms, 1 car space, on the 29th floor with 270 degrees of unobstructed views to the waterfront and city skyline. Tenants will have access to a commercial sized gym - something most other flats can't offer. For rental it is valued at $600 to $650 unfurnished and $700 to $750 furnished. Currently it is tenanted (unfurnished) returning $600 per week.
I want to move into this place so I can be closer to work, the 60 day eviction notice has been issued. My plan is to take up the master bedroom and car space, put in some modern furniture and whitegoods and charge $280 per week including expenses for the other room.
So my question is, should I buy a double bed too and increase the rent to $300 per week? Or leave it empty and let them bring in their own bed? Also is $280/300 a good deal considering the place will be furnished and I'm taking the master and car space?
EDIT: Oh right, I did do a comparison with other flats around the docklands. It's a bit hard to compare as a lot of ads are looking for tenants who wants to share in the same bedroom, sleep living room, kitchen etc. Those with similar arrangements I've seen in the last month were:
- furnished br with shared bathroom, no car space, nice views for $280 inc expenses.
- unfurnished br with shared bathroom, no car space, nice views for $260 inc expenses (this one was females only).
- unfurnished br with shared bathroom, no car space for $240 exc expenses.
I recently bought a flat at the Docklands, Melbourne. The apartment has 2 bedrooms, 2 bathrooms, 1 car space, on the 29th floor with 270 degrees of unobstructed views to the waterfront and city skyline. Tenants will have access to a commercial sized gym - something most other flats can't offer. For rental it is valued at $600 to $650 unfurnished and $700 to $750 furnished. Currently it is tenanted (unfurnished) returning $600 per week.
I want to move into this place so I can be closer to work, the 60 day eviction notice has been issued. My plan is to take up the master bedroom and car space, put in some modern furniture and whitegoods and charge $280 per week including expenses for the other room.
So my question is, should I buy a double bed too and increase the rent to $300 per week? Or leave it empty and let them bring in their own bed? Also is $280/300 a good deal considering the place will be furnished and I'm taking the master and car space?
EDIT: Oh right, I did do a comparison with other flats around the docklands. It's a bit hard to compare as a lot of ads are looking for tenants who wants to share in the same bedroom, sleep living room, kitchen etc. Those with similar arrangements I've seen in the last month were:
- furnished br with shared bathroom, no car space, nice views for $280 inc expenses.
- unfurnished br with shared bathroom, no car space, nice views for $260 inc expenses (this one was females only).
- unfurnished br with shared bathroom, no car space for $240 exc expenses.
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