MichaelMcFaulMember@michaelmcfaulJoin Date: 2013Post Count: 2
I found a property that suited all of my criteria to purchase for an Investment. But after doing the trusty Google street view check, I found that the place was next door to a police station. What do you think of this? Is this a good thing or a bad thing?
Cheers, Michael.Jacqui MiddletonParticipant@jacmJoin Date: 2009Post Count: 2,539
I have deliberately bought property smack across the road from the shops and a few doors down from the police station. The tenants love the convenience of the shops and also the security of the proximity of the police station. Not because they expect to require being rescued from a situation, but the presence of the police station itself tends to be a crime deterant.MichaelMcFaulMember@michaelmcfaulJoin Date: 2013Post Count: 2
Thanks very much for your feedback Jacqui. The security is a big positive, and its not in Sydney, so it defiantly decreases the chances of a drive by!ClaireRParticipant@clairerJoin Date: 2013Post Count: 16
100% a good thing, the only tenants it's going to deter are people you’d never want renting your house! I put an offer on a IP last year that was across from a police station (I ended up being out bid) but still went through the whole thought process and talked to a number of friends who all agreed it’s only good thing.oc1Participant@oc1Join Date: 2012Post Count: 148
Your tenants may see some interesting characters go through the doors at the station
OscarDWolfeParticipant@dwolfeJoin Date: 2009Post Count: 1,253mattstaParticipant@mattstaJoin Date: 2011Post Count: 604
I think it is an advantage. I personally lived close to a police station in my early 20ies and I felt safer. I think if your property is in a nice neighborhood, being close ot the police station should attract good tenants.Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
I think it would be a good thing.
If anyone parked on your verge the Tenants would have far to go to get the car moved.
Only downside i can think of is the flashing blue's and twos keep you awake at night.
Yours in Finance