All Topics / Help Needed! / 2 bedroom IP’s.

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  • Profile photo of LalibellaLalibella
    Participant
    @lalibella
    Join Date: 2007
    Post Count: 116

    Hi all, just wondering if anyone has any recent experience in buying 2 bedroom houses as IP's.  (not units/villas) There seems to be a glut of them at present in my local area. I'm aware some seasoned authors/investors dont encourage them as not being 'within the norm'. Thanks

    Profile photo of devo76devo76
    Member
    @devo76
    Join Date: 2007
    Post Count: 542

    My IP is a two bedder. I think it comes down to the area.
    My town has a large housing estate full of 4 bed two bath double garage houses. Nothing real unique there. I decided to buy in central town away from the big housing estate and the property is a more up market renovated house.I was aiming at the single or buisness couple. It worked as it was picked up in one day by a single buisness man for more rent than the more expensive 4 bedders in the estates.
    I guess you want something that is unique. If the twenty or so houses near you are exactly the same then that might drive your rent down.

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