Buying next to a cemetery

Lol

 

I just bought a house that is on the same rod as a cementry . Didn't bother me personally as it's well positioned in town ✌️

 

Would not worry me,you only have to look at inner Brisbane at Dutton Park
people are dying to get into that area..

 

This is a grave situation indeed. Don't do it....LOL

 

Any thoughts on 10 Gilmour street, Burwood VIC
It’s opposite to the Burwood cemetery
The vendor has reduced the price from 1.18M to 1.1M


Cheers

 

That's a dead giveaway.

 

Please guys..we had enough of these puns

At what price point does it become attractive?

Intend to develop into 2 townhouses out of which I will keep one for myself and sell the other one.
It will be a ***** to sell undoubtedly

Cheers

 

When your feaso shows 30% return on TDC with the land variable adjusted to reflect that. When determine end sale value, use the value of similar sold stock in stigma/problem areas to adjust for that risk .

In cases like these I'd lowball it. If I needed it to be 600k land to be feasible , I'd offer 520k.

 

Perplexed on what price I should put for the townhouse
Most townhouses without any stigma in the area are selling around 1-1.1M
About 10-12 projects being developed around so there is an over supply

Can anyone help me with a figure based on their experience

Cheers

 

Don't know why you'd choose to develop in an oversupplied market .

 

I like the street and area
I can not get anything developable so close to the city on the eastern side for below 1M


I want to develop only in an area where I am sure I want to live, as I will be keeping one of the houses for myself

If there is a downturn in the prices in a more sustained basis , maybe I can get better placed properties in my budget

Cheers

 

If you like to live there, there will be someone liking it. But you will low ball it as much as you can, and be prepared the same when you sell. If buy, dev and hold, check the rent availablity and based on that.

 

I'd buy next to Clovely Cemetery in the eastern suburbs of Sydney because there is quite a bit of scarcity value there, and the view is great, close to amenities, lots of economic factors, human interest things and behaviour.
Something I will never be able to afford.

 

Would anyone be concerned in purchasing east side pocket of Lidcombe between Joseph St and Rookwood Cemetery?

 

In the industrial area?

It's not an issue on the Strathfield side, someone just paid $4.8m for a house in Melville Ave which is just as close.

 

I think you are referring to Waverley Cemetery which is now exclusive occupancy to descendants of the original occupants ..

 

Sorry I meant the southern pocket of Lidcombe station, stuff around the Botanic Estate etc