House with two kitchens

Discussion in 'Property Analysis' started by Mancha, 22nd Jun, 2015.

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  1. mcarthur

    mcarthur Well-Known Member

    Joined:
    19th Jun, 2015
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    Location:
    ACT
    Well, bank-wise, they'd be fine with the loan but I'd be in trouble reusing the equity if I can't separately rent the top and bottom - yield will suck with rental of 1x4bed with no internal staircase versus 2x2bed.

    Insurance-wise, the problem is that the house doesn't comply with modern fire regulations between floors - they weren't around when the place was built AND for many years when it was being separately rented.
     
    mcarthur, 26th Jun, 2015
    #21
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