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Fire Damaged House...but wait for it.........

Discussion in 'Living Room' started by eKwatee, 28th Oct, 2015.

  1. eKwatee

    eKwatee Member

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    .....wait for it, check out the address '2 Burns Street, Waikerie' see link here
     
    wombat777 likes this.
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    Surely the only worthwhile project here (if any?) would be to knock it down and build a new place.

    Therefore the theoretical price should be land value minus clearing costs. This then gives you a block you can do whatever you want with.

    How did you come across this, are you searching for a project out in the middle of no where? :p
     
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Looks like smoke damage in most rooms, the main area where the fire was the studs look OK but needs closer inspection, the roof trusses are burnt through.

    Strip all the plasterboard, waterblast bathroom/regrout, clean kitchen, new carpet. Repaint and flip.
     
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  4. Stu

    Stu Well-Known Member

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    And maybe check for drug residue - looks like a fairy intense burn in one area.
     
  5. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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  6. Xenia

    Xenia Adelaide Property Manager Business Member

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    can't wait to see what's awaiting me at 2 sextant ave? LOL
     
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  7. geoffw

    geoffw Moderator Staff Member

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    A friend should have been a visitor not a resident at 2 Wrest St.

    But next door would have been hard to find. You couldn't set the trees for the 4 Wrest.
     
  8. Scott No Mates

    Scott No Mates Well-Known Member

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    I can see it in the stars.
     
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  9. Scott No Mates

    Scott No Mates Well-Known Member

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    Is that next to the drug house at 2a Wrest St?
     
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  10. geoffw

    geoffw Moderator Staff Member

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    Actually that was in a reasonable area near some low cost housing, apartment blocks notorious for drug use and high crime.

    When the unit blocks started to get pulled down, surrounding house prices went up something like 25% very quickly.
     
  11. jim1964

    jim1964 Well-Known Member Premium Member

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  12. geoffw

    geoffw Moderator Staff Member

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    There was the scout hall in Lamington Drive.
     
  13. Scott No Mates

    Scott No Mates Well-Known Member

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