House on 200m2

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?

 

What's the location or postcode?

 

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

 

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.

 

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

 

Land is the prime consideration unless it's location.

 

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.

 

And it'sat least 10' wide

 

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.

 

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

 

This thing is on 150sqm land Onthehouse.com.au: Your Home for Property Research

 

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

 

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

 

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

 

45B Wyong St Canley Heights NSW 2166 - House for Sale #118428567 - realestate.com.au

That 'house' is barely bigger than a single car garage!

 

Now that is a bit too small....I have just built a house on jusr over 200sq,...but is is 3 brm with study nook 2 bath...2 garage 19sq home.

 

...and still looks like one, fibro and all. Slab probably doesn't have a membrane under it.

 

That "house" was no doubt a garage not that long ago, you can see the rotten timber & got to love the carpet at the entrance albeit not red for the celeb that buys this

 

I'm out for a bit longer. So here is what I was looking at. This any good as a newbie choice?
39 Harold Street Zillmere Qld 4034 39 Harold Street Zillmere Qld 4034 - House for Sale #121175618 - realestate.com.au