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House on 200m2

Discussion in 'General Property Chat' started by hammer, 7th Jan, 2016.

  1. hammer

    hammer Well-Known Member

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    Would you buy a good 3br house in a great area, close to the train on only 200m2?

    Same price as a townhouse....

    Would this be a good deal? Or does the lack of land kill it?
     
  2. larrylarry

    larrylarry Well-Known Member

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    What's the location or postcode?
     
  3. WellnessWarrior

    WellnessWarrior Member

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    Why not. One of our IP's is 220m2. We bought for $850,000 3 years aboard is now worth $1.4m (bank valuation)
     
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  4. JDP1

    JDP1 Well-Known Member

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    I agree- the location in real estate is often more of a demand driver than the size.
    Beware of supply though...If the demand is more than the supply, you will see CG like the above example.
    I would make sure there isn't much free land for developers to come in there.
     
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  5. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Depends on the suburb - I have a client that built 2 x 2 storey houses in Eastern Suburbs Sydney on a 280sqm block.
     
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Many inner city Sydney Terraces are on less

    ta

    rolf
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Land is the prime consideration unless it's location.
     
  8. sash

    sash Well-Known Member

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    I don't think people would care if it is well laid out.

    Just make sure it has 3-4 metres to the back fence from where the house ends.
     
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  9. Scott No Mates

    Scott No Mates Well-Known Member

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    And it'sat least 10' wide
     
  10. sash

    sash Well-Known Member

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    Yes true....the last house I built was on 220 sqm...but a 2 storey.

    It was something like 13.5 by 16 deep. The house was 19 sq.

    Land was only 97k....total to build was 337k just rented for $380pw.
     
  11. Bran

    Bran Well-Known Member

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    I wouldn't dismiss it on land size alone, definitely. Helps with land tax if nothing else, no?
     
  12. EN710

    EN710 Well-Known Member

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  13. dabbler

    dabbler Well-Known Member

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    If it is not dearer than a townhouse of similar size, why not may be the question ?
     
  14. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It would value higher and be more popular than a townhouse so if it's costs the same I'd do it.
     
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  15. JDP1

    JDP1 Well-Known Member

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    I agree...if its not more expensive - look deeper...find out why
     
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  16. mini2

    mini2 Well-Known Member

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  17. sash

    sash Well-Known Member

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  18. Scott No Mates

    Scott No Mates Well-Known Member

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  19. dabbler

    dabbler Well-Known Member

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  20. hammer

    hammer Well-Known Member

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