Hello,
Thought I would fish for some opinions. Today we looked at 2 places in the same suburb:
1. 3 bedroom townhouse, spacious, ducted a/c, large courtyard and balcony plus parking for 2 cars. Balcony view is of the back of a smelly resturant. The house was really larger than I was expecting and although there was definitely room for improvement (carpets, paint etc) it was pretty tidy. Currently rented out for $265 per week but we would fix it up and would be more likely to use for short term furnished rental. Asking price 314,000
2. 2 bedroom unit, MUCH smaller than the townhouse (only 76sqm), no outdoor private space due to being on top storey but is a water-front property (excellent views from living areas and master bedroom), split system air con, on quiet street still walking distance to cafes, resturants, shopping etc. Asking price for this one is $349,000, doesnt need any renovation as it looks great already, next door unit rented at 270 per week a year ago. We are likely to try this one out as holiday accom also. Comes with 2 parking bays.
The rental yield isnt great for either, but as I said we probably wouldnt be renting it out long term anyway. I would appreciate your thoughts on the 2 options
Thought I would fish for some opinions. Today we looked at 2 places in the same suburb:
1. 3 bedroom townhouse, spacious, ducted a/c, large courtyard and balcony plus parking for 2 cars. Balcony view is of the back of a smelly resturant. The house was really larger than I was expecting and although there was definitely room for improvement (carpets, paint etc) it was pretty tidy. Currently rented out for $265 per week but we would fix it up and would be more likely to use for short term furnished rental. Asking price 314,000
2. 2 bedroom unit, MUCH smaller than the townhouse (only 76sqm), no outdoor private space due to being on top storey but is a water-front property (excellent views from living areas and master bedroom), split system air con, on quiet street still walking distance to cafes, resturants, shopping etc. Asking price for this one is $349,000, doesnt need any renovation as it looks great already, next door unit rented at 270 per week a year ago. We are likely to try this one out as holiday accom also. Comes with 2 parking bays.
The rental yield isnt great for either, but as I said we probably wouldnt be renting it out long term anyway. I would appreciate your thoughts on the 2 options
