Dual key property in Bellbird, NSW

Discussion in 'Where to Buy' started by Raymundo Granados, 4th Mar, 2021.

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  1. Raymundo Granados

    Raymundo Granados New Member

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    Location:
    Rosehill, NSW
    Hi everyone, what do you all think about a brand new dual key property in Bellbird, NSW? It will have 3+2 bedrooms in a 860 sqm land. I'm not familiar with the area as I've purchased only in main cities. Thanks in advance
     
    Raymundo Granados, 4th Mar, 2021
    #1
  2. Raymundo Granados

    Raymundo Granados New Member

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    Location:
    Rosehill, NSW
    I forgot to mention the specs and price:
    - 3 bedroom / 2 bathroom / 1 car
    - 2 bedroom / 1 bathroom / 1 car
    - Land 862 sqm
    - Construction 231 sqm
    - Purchase price: $677,000
     
    Raymundo Granados, 4th Mar, 2021
    #2
  3. spludgey

    spludgey Well-Known Member

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    spludgey, 4th Mar, 2021
    #3
  4. hash_investor

    hash_investor Well-Known Member

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    hash_investor, 4th Mar, 2021
    #4
  5. spludgey

    spludgey Well-Known Member

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    Much better location, larger land component and better income in the long run, as you'd then be able to add two granny flats.
     
    spludgey, 4th Mar, 2021
    #5
    Raymundo Granados and hash_investor like this.
  6. Shamrock1

    Shamrock1 Well-Known Member

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    Shamrock1, 5th Mar, 2021
    #6
    Raymundo Granados and spludgey like this.
  7. Bill_epping

    Bill_epping Member

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    Epping, Sydney
    Bill_epping, 8th May, 2021
    #7
  8. Shamrock1

    Shamrock1 Well-Known Member

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    Growth has been 35% over last 5 years so has been good and will continue to benefit from the flow on effect of strong growth in Newcastle.

    it’s not exactly the most desirable place to live but could be worse as well.

    I think if you were going to buy it would be close to cbd as you said
     
    Shamrock1, 8th May, 2021
    #8
  9. Bill_epping

    Bill_epping Member

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    Yes, saw quite a few properties in the market close to CBD. The price point is good all around 500k with 800sqm of land. Was not very sure on the future capital growth. But at this price it's impossible to get near Newcastle.
     
    Bill_epping, 8th May, 2021
    #9
  10. euro73

    euro73 Well-Known Member Business Member

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    Location:
    The beautiful Hills District, Sydney Australia
    Smallish footprint . Our dual Occs are 276m2 .
    Good land size
    Proposed rents???
     
    euro73, 8th May, 2021
    #10
  11. Shamrock1

    Shamrock1 Well-Known Member

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    Yes Newcastle is out of reach at this price point. Have you tried East Maitland? Might find something for around $500-$600k I’d prefer to buy there for long term capital growth.
     
    Shamrock1, 8th May, 2021
    #11