In a nutshell…
PPP’s – the Price and the Position are good on Neptune (would rate well over 600 as a block of land)
Property – good land (would be great if better light – that is fixable with a rebuild STCA as you have 6m block, but not in its current format except via skylights) – poor house – but in the scheme of things good renter and nothing really to do.
The front 3 bedrooms or rooms are good after that it falls away – from there it needs a complete rebuild at some stage in the future or STCA start again (no Heritage and there is a market for new builds – meaning get somebody else to do it). 2nd story is ok (next door and STCA)
Why is this good – you are buying a block of land with a seemingly low maintenance renter and brilliant car access.
If you are buying well, the home (cashflow) is almost free.
Mal
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|
3
Bedroom
|
1
Bathroom
|
2
Parkings
|
229sqm
Land Area
|
|
| Floor Plan | Agent |
Sold - 12:00 PM Dec 4 2021 |
Quote $1,600,000 - $1,700,000 |
East Facing |
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