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From: Delia L
hi there,
I have been researching low rise apartments (2-3 levels only) in Sydney inner west suburbs. Very close to local shopping.
There is an interesting question I have been pondering and get confused. I am hoping to get other people's input on it, thanks in advance.
Well, for a low rise development, would the ground floor units be better investments than upper levels, assuming the same internal areas and layouts?
My thoughts are ground floor units usually come with mostly paved terraces (except plants at the border) in front/and or at the back providing extra living and entertaining areas which is theoretically (??) good for apartment living. But the tenants will need to water plants around the border.
However, whenever I walk pass apartments/townhouses with front terraces (even enclosed terraces), no one really hang out there. Moreover, upper level balcony would have over hang on top and block some sunlight into the ground floor unit. What about security and privacy living in upper levels although smaller balcony/external areas?
Assuming very similar asking prices of ground floor and 2nd floor, which would be a better investment in terms of rental and capital gain?
extra info-
ground floor terraces- 35-40m2
2nd level balcony- 12-15m2
asking price- very similar if not the same
thanks again.
Cheers
Delia
hi there,
I have been researching low rise apartments (2-3 levels only) in Sydney inner west suburbs. Very close to local shopping.
There is an interesting question I have been pondering and get confused. I am hoping to get other people's input on it, thanks in advance.
Well, for a low rise development, would the ground floor units be better investments than upper levels, assuming the same internal areas and layouts?
My thoughts are ground floor units usually come with mostly paved terraces (except plants at the border) in front/and or at the back providing extra living and entertaining areas which is theoretically (??) good for apartment living. But the tenants will need to water plants around the border.
However, whenever I walk pass apartments/townhouses with front terraces (even enclosed terraces), no one really hang out there. Moreover, upper level balcony would have over hang on top and block some sunlight into the ground floor unit. What about security and privacy living in upper levels although smaller balcony/external areas?
Assuming very similar asking prices of ground floor and 2nd floor, which would be a better investment in terms of rental and capital gain?
extra info-
ground floor terraces- 35-40m2
2nd level balcony- 12-15m2
asking price- very similar if not the same
thanks again.
Cheers
Delia
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