Looking for general advice on this property:
http://www.realestate.com.au/property-house-vic-spotswood-119776495
What are your thoughts on buying on such a busy road? In general terms, how will this affect capital growth of the property in proportion to the rest of Spotswood as a suburb? Does having the rear access help outweigh the detriment of being on a busy road? Does being so close to the train station help at all from a rental point of view.
Would be looking to buy with my partner initally as a PPOR. Renovate over the next three years [general cosmetic facelift plus, open up the back [east] end of the house to an open kitchen living area with bathroom and get rid of the granny flat/tacked on bedroom/2nd kitchen area], then set up as IP.
Any thoughts/ general advice welcome.
http://www.realestate.com.au/property-house-vic-spotswood-119776495
What are your thoughts on buying on such a busy road? In general terms, how will this affect capital growth of the property in proportion to the rest of Spotswood as a suburb? Does having the rear access help outweigh the detriment of being on a busy road? Does being so close to the train station help at all from a rental point of view.
Would be looking to buy with my partner initally as a PPOR. Renovate over the next three years [general cosmetic facelift plus, open up the back [east] end of the house to an open kitchen living area with bathroom and get rid of the granny flat/tacked on bedroom/2nd kitchen area], then set up as IP.
Any thoughts/ general advice welcome.