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Good point, Jamie. This is actually quite a large town with ~34,500 in population.
Spoke to a couple agents in the area and they advise it takes typically 2-3 weeks to get a tenant in, which sounds promising.
I think we’ll go ahead and buy this property we have our eye on and see how it goes :)
Thanks again!
Thanks for tuning in JacM & Ben.
I guess it’s a 3 BR plus a Study since one of the rooms doesn’t have a BIR, however, it can be used as a BR if one was so inclined.
The property is very close to beautiful, large park-lands, so if a family had younger kids who like playgrounds, it’s only a 200-300m walk to these parklands. In the other direction approx 200m is a row of shops and an IGA Grocery Store, take away food shops, DVD store and a new 7-day/week GP surgery. Then 200m further down from this string of shops is the local Primary School.
In terms of proximity to all amenities, it ticks all the boxes. Yes, its probably a 30-40 year old house, however, it’s been very well renovated and the brickword has been rendered to give it a more modern/contemporary look. The new townhouse at the rear is rendered the same color to give it a consistent look. The vendors have adult children who are now at Uni, so it seems as if the vendor will move into the new rear Townhouse and the kids will probably move out on their own.
I guess my only reluctance is the fact that it’s a subdivided property. Although the front dwelling occupies approx 500sqm of the block (2/3rds of the 754sqm block). Being a subdivided block, I’m guessing the capital growth of the property will be less than that of a similar sized house on a block of land all by itself?
