Rear property - possible issues if front house is under renovation?

[Catalyst]

Folks,

Found a property with potential. First look seems promising. 500sqm block, 3 x1, 20 year old house, 10 km from city.

One big risk seems to be the house in front. It looks old, and the owner is doing renovation. REA said that he sold the front house to current owner who is a FIFO.

Looks like a massive job. Possibly a character home. The wooden flooring of front porch had been ripped out. Not sure how long the reno is going to take.

Do you think there will be an issue getting a tenant in Perth's current soft rental market?

 

[thatbum]

Do you think there will be an issue getting a tenant in Perth's current soft rental market?

Really depends on the area. Some places have really suffered, while others are still going quite strong. For example, in Freo and the inner south around Fiona Stanley, there's still a shortage of properties for rent.

 

[Jess Peletier]

Why not have a chat with the owner at the front? They'll soon let you know what's going on, their timeframe etc.

Also speak with some PM's in the area, they'll let you know what tenants will think and if it will be detrimental.

 

[Catalyst]

Really depends on the area. Some places have really suffered, while others are still going quite strong. For example, in Freo and the inner south around Fiona Stanley, there's still a shortage of properties for rent.

Interesting. Thanks for the info

 

[Catalyst]

Why not have a chat with the owner at the front? They'll soon let you know what's going on, their timeframe etc.

Also speak with some PM's in the area, they'll let you know what tenants will think and if it will be detrimental.

Thanks Jess