NSW Any idea why this property sold so cheap?

Discussion in 'Property Analysis' started by Sunnyb, 22nd Dec, 2017.

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  1. Sunnyb

    Sunnyb New Member

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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    1 out of area agent from Waterloo
    2 possibly sold as deposit for nursing home/funds needed asap - original kitchen etc but well maintained/presented.
     
  3. Lindsay_W

    Lindsay_W Well-Known Member

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    Hard to say, maybe an urgent sale needed? Was advertised for $950K initially, sold at Auction for $800K - probably needs some work done, original kitchen looks sad.
     
  4. Chivaun.Shortis

    Chivaun.Shortis Well-Known Member

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    Pennant Hills Road - enough said hahah
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    A smart punter would have purchased - north connex should take alot of heavy traffic off this roadway. Sell as soon as it opens - hmm a quiet street (not!).
     
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  6. Indifference

    Indifference Well-Known Member

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    Why so cheap you ask?...... hmm, why so expensive?

    Are Sydneysiders so desensitised to the ridiculously expensive Sydney market that an 800k renovatiors home in such a location is cheap ?
     
  7. hobartchic

    hobartchic Well-Known Member

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    880k complete with view of service station and risk of land contaminated due to service station. "original features" kitchen is remarkably ugly. Seems generous to me!
     
  8. Gockie

    Gockie Life is good ☺️ Premium Member

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    Constant traffic 24 hours a day. Just a lovely position.
     
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  9. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    This location is literally in one of the busiest locations in sydney.
    Saturday during the day in this location is absolute gridlock.... especially with the current roadworks.

    In addition the photos for this property are deceiving. My guess is there are issues with the home looking at some of the pics.
     
  10. DaveM

    DaveM Well-Known Member

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    Poor quality house on a 6 lane arterial opposite a petrol station and a set of ratty strip shops... whats not to love
     
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