General OFI notes - rated as land only or major renovation
Growing area Ashburton
Slope
Clinker
No garage - needs to wangled in on any redevelopment.
Been made over
Next door they are doing a number on - it's a rebuild rather than they've knocked down and started again. That feels like its the way to go - or else you are seemingly ploughing too much cash in. Having said that a buy and total rebuild under $3m is not ridiculous - the closer you get to $3m and then over, the greater the profit risk.
Street carries traffic
Floor plan not great but very rentable
Possible view from second storey
Near shops but probably not in any future development zone
Rebuild new build would work for a Builder
Not sure investment wise unless price was very attractive.
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3
Bedroom
|
1
Bathroom
|
2
Parkings
|
768sqm
Land Area
|
|
Floor Plan | Agent |
Sold - 10:30 AM Feb 27 2016 |
Quote $1,500,000 |
East Facing |
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Crowd Numbers: 70 people
Bidderman: 4 bidders