Investment Potential?

[vmmg1992]

Hi All,

My grandparents are quite desperate to sell their property below.

I was wondering if this property had any investment potential, really trying to help family out. Any thoughts and opinions (negative or positive) would be greatly appreciated.

http://www.realestate.com.au/property-house-sa-smithfield-114871503

Thanks : )

 

[Corey Batt]

If they give it to undervalue enough, lenders will consider it a favourable purchase and the difference between valuation and purchase price will be considered part of deposit funds. For cheap enough you can get a property without any deposit.

A little overpriced for the area and slightly older stock, all the chattel with the sale could cause val problems if on contract. Better to Gumtree all the items off.

 

[Colin Rice]

Depends on the rental potential?

Best to keep the extras of the contract as CJay stated.

 

[vmmg1992]

Rental yield averages 5.93% ..so on a cash flow perspective might be good. Thanks for the tips guys, I'll ensure the contract is purely based on the property price.

 

[Colin Rice]

Rental yield averages 5.93% ..so on a cash flow perspective might be good. Thanks for the tips guys, I'll ensure the contract is purely based on the property price.

All the best and would be good to know of the outcome