Corner site approx?

Discussion in 'Where to Buy' started by Scott No Mates, 19th Aug, 2016.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    WTF - Don't you love how agents can't get the opening line right?

    700m2 corner site approx

    It's either on the corner or it's not AFAIK.
     
    Scott No Mates, 19th Aug, 2016
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  2. RetireRich101

    RetireRich101 Well-Known Member

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    more interesting is Whalan ( a Mount Druitt suburb ) selling for $550k.:eek:
     
    RetireRich101, 19th Aug, 2016
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  3. hash_investor

    hash_investor Well-Known Member

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    Seems like corner to me.
     
    hash_investor, 19th Aug, 2016
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  4. dabbler

    dabbler Well-Known Member

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    You could probably build a good duplex there, looks like housing is it ?
     
    dabbler, 19th Aug, 2016
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  5. RetireRich101

    RetireRich101 Well-Known Member

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    how a corner lot in Blacktown can justify a big difference in price..
    Sold Price for 5 Newman Street Blacktown NSW 2148

    Few years ago, Blacktown LGA allowed 600m2 corner lot to have dual occupancy that can be strata titled. That time we saw a price difference of around 0-20k max

    That about property if non-corner would be around low 600k, so a 200k price difference.
     
    RetireRich101, 19th Aug, 2016
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  6. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Usually see corner blocks like this atleast 10percent premium to normal blocks
     
    lightbulbmoment, 20th Aug, 2016
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  7. MTR

    MTR Well-Known Member

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    Harder to secure as well.
     
    MTR, 20th Aug, 2016
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  8. RetireRich101

    RetireRich101 Well-Known Member

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    In 2010 where Sydney West was still a flat market, it was the attitude ' who wants to secure a development potential lot for extra 10%'...

    This house was probably 330k in 2010, where a comparable regular lot (non corner) was about 300k.
    Today, this corner lot house is sold for $831k, so an increase 150%
    whereas the regular lot would be around $631k, so an increase of 110%
     
    RetireRich101, 20th Aug, 2016
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    ej89 likes this.