Your thoughts on this property please

[brisbanebud]

could you please check the below link and advise if this block of properties worth 1.3M

http://www.realestate.com.au/property-unitblock-qld-kedron-119535095

Thanks in advance

 

[Jamie M]

What's the m2 for those 1 bed units?

Cheers

Jamie

 

[Tonibell]

The small unit blocks is usually a good way to get cash flow while still benefiting from the capital gain from the land - we have taken that path a couple of times.

This one looks a good low maintenance set of units - but it is priced too high for there to be the cash flow you need.

At around $1M it would start to look interesting.

 

[MTR]

Can you add value ?? strata titles, if you can it could be very lucrative.

Also, Kedron is an area that is rising at the moment right??

 

[hugh72]

It's just a shame that they are 1bedroom units not 2. Have you looked at prices for comparable 1 or 2 bed units in Kedron?

 

[brisbanebud]

Bedroom sizes are as below and the floor plans attached:

3 bedroom = 80-75sqm approx. (plus downstairs garage/storage)
1 bedrooms = 40sqm approx. (plus downstairs garage/storage)

Kedron is still rising, school to near, I also think that 1.3M is too much, may be around $1.1M is a good buy.