It is a two bedder. 2.7 x 4.82 = 13sqm and a 2.8 x 3.63=10 sqm (with built-ins) room.
One of the popular one in the area. I bargained hard to get that rate as I have two sets of tenants. I sent an email about this to you.
Western Sydney/Parramatta region market is stupidly crazy
- Thread starter MsAli
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- parramatta western sydney
Cheers for the info!
2770 is at it again
http://www.elliottshiner.com.au/buy...18-baynes-street-mount-druitt-nsw-11610100143
Following on from the recent highest sale price ever, we have another house listed at $760k
http://www.elliottshiner.com.au/buy...18-baynes-street-mount-druitt-nsw-11610100143
Following on from the recent highest sale price ever, we have another house listed at $760k
Mmm . Dilemma . Should I buy a house for 750 in mt Druitt which is ( no disrespect to those on the forum who buy or live there , but is in the middle of some of the most nondescript property that sydney has to offer ) or should I pay 1.15 for an east side , walk station house in turramurra ....which is just around the corner from properties that sell for over 3 mill.
Cliff
Only buying at that price would be madness, selling could be genius !
BTW, is this also a case of extreme over-capitalisation ?
Yep.. I bought in Erskine Park which is a much nicer suburb.. 5 br Masterton home with 3 living areas for way way less than $760k. And it wouldnt take $200k of renos to get mine to that level.
Let me guess.......One bedroom for you, one for each of your dogs, a guest room & a home office, plus a living room for you and one for each of the dogs.
My cats are much smaller than your dogs. They can share a room.
I only have one dog. He is quite large, so I can see how he may be confused for more than one.
Not as large as Clifford the big red dog though, that would just be impractical, especially if you lived in a studio apartment.
I thought you had two huskies. Who's Clifford?
Nope only 1 husky. One is enough work
Clifford is a Big Red Dog, dont you know anything???????
http://www.scholastic.com/clifford/
Nope only 1 husky. One is enough work
Clifford is a Big Red Dog, dont you know anything???????
http://www.scholastic.com/clifford/
Apparently not! It's a long time since I was a mummy of a child who would be interested in that & only just a Nanna. What's your excuse?
I have never been a mummy. Well apart from that one time at a fancy dress party.
Hi MsAli,
I too saw the property and was one among the 50 viewers on the only open inspection. This property looks to be a good buy in many angles. Now 4 bedroom duplexes in Pendle Hill is sold for $713k (14A, Warman Street) with land less than 350sqm. Compared to that, 5 bedroom 3 bathroom 1012 sqm land property sold for $686k is cheap.
This area is growing. On the same Valeria Street, Western Sydney are building townhouses quoting $579k with land less than 200sqm. On that comparison, this is better for additional $109k.
If bank valuation is taken on the property, it will be more than the sold price as 33 Valeria Street was sold for $680k for land value alone, with same size 1012sqm. Builders purchased that and are building townhouses. On comparison, the 2 storey brick house is purchased for $6k.
From investor point of view, seeing the floor plan of the property, it can be easily split and rented. Master bedroom with ensuite, second meals area converted to kitchen, 200 sqm backyard allocated with colorbond fence and with seperate entrance can easily fetch rent of $300pw-$350pw, as station is only 400m away. Remaining 4 bedroom 2 bathroom, one lounge, one dining and one rampus can be easily rented for $550pw. This is a positive geared property and more than enough for cash flow.
Price will not go less than $686k when there is dual income and also granny can be built in for $100k to get another $400pw. Investors do more homework than others and calculate ROI.
Three years back they requested for $650k and failed to sell in that market. But in current market, paying $36k (6%) more than asking price 3 years back is reasonable. Particularly when there are more than 8 buyers (as per agent) above $675k, few extra thousands will not hurt.
Doonside and Toongabbie are hot now. Early birds are winning. While you see this as a dirt, investor utilised your view and opportunity to see it as their asset.
With all above comparison and investment point of view, this is a good buy. I too may be one among those in your stupid list but individual views vary.
