First property purchase - apartment or townhouse?

Discussion in 'What to buy' started by ExcuseMyFrench, 24th May, 2016.

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Would you rather live in a no lift top floor apartment or in a darker townhouse

  1. Apartment

    5 vote(s)
    20.0%

  2. Townhouse

    20 vote(s)
    80.0%
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  1. Graeme

    Graeme Well-Known Member

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    Benalla
    @ExcuseMyFrench just throwing this house in for consideration. It's got two bedrooms, needs an awful lot of work, but is in Richmond. The metadata on the page suggests a price of between $500K and $700K, but what it'll go for is a different matter.

    [​IMG]
     
    Graeme, 30th May, 2016
    #21
    ExcuseMyFrench likes this.
  2. ExcuseMyFrench

    ExcuseMyFrench Active Member

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    Location:
    Melbourne
    Awesome, thanks @Graeme. My alerts on REA are obviously poorly set up as they didn't pick that up.

    It does need a fair bit of work, but location is ideal!
     
    ExcuseMyFrench, 30th May, 2016
    #22
  3. Graeme

    Graeme Well-Known Member

    Joined:
    26th Jul, 2015
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    870
    Location:
    Benalla
    Glad to help @ExcuseMyFrench.

    This one in Fitzroy North makes the Richmond house look in great condition. :D

    [​IMG]

    It looks OK from the outside, but goes rapidly downhill once through the frontdoor.

    [​IMG]
     
    Graeme, 30th May, 2016
    #23
  4. ExcuseMyFrench

    ExcuseMyFrench Active Member

    Joined:
    24th May, 2016
    Posts:
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    Location:
    Melbourne
    Haha yes, I did see that one!

    I'd imagine that to buy one of these places, one need to have 10% for the deposit + duties etc + enough extra cash to renovate... We might have a big enough budget to buy the place but then we'd have no cash left to do the much needed renovations.
     
    ExcuseMyFrench, 30th May, 2016
    #24
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