how much it would fetch

I really like this one but could not buy it because of my limitations
62 Thomas Street Greenslopes Qld 4120 - House for Sale #122913470 - realestate.com.au
agent said currently there is little interest
I think it has potentials for develop/ long hold
what other people think...?

 

Location is good.
Small block.
Money needed.

 

This was my kind of house but I think the concrete foundation is more problematic than if it were on stumps.
There are obvious drainage issues with water pooling on the downstairs slabs. I'm not clever enough how to fix these to make the downstairs habitable. Otherwise, downstairs at eyeball looked to be of legal height so there is some potential there.(Although I was told it's not)
Upstairs is all gold, easy cosmetic improvements
I'm not in a position to buy with the associated costs of improvements either, so I moved on. It might sell as low as 450k looking at the nicer 2 bedroom in the same street (22 Dunellan), but the latter having far less potential.
Great position though. You will get some hospital traffic/parking, but far enough away from the worst of it.

 

Wow. There is a whole stack of good greenslopes properties up for sale. There was nothing for months. Watch the median shoot up 10% in a quarter with these sales.

This has been for sale for ever. If it were a little more kid friendly, I'd look at it. Pretty sure there were no takers at 1.8m

28 Henzell Terrace Greenslopes Qld 4120 - House for Sale #122484754 - realestate.com.au

 

I am thinking bet 450-500, 450 would be a steal

 

The price range in the advertisement is $550k to $650k

 

650 is laughable.

 

early 500 max would be more realistic I think

 

Nice find, nice area, can be worst house on best street? Following...

 

@Bran :
The number 28 would have worth a lot of money!

 

Yep
The water was a concern as it hadn't even rained recently. Might be an easy fix, might not.

Greenslopes is awesome.
Farmer's Markets start at the State School in about 2 weeks.

 

I know! wish I could buy this ... committed elsewhere

 

Maybe I should take another look
If it is going to go cheap enough...

 

@samiam - can you tell us why you like it?

 

I have been following inner south Brisbane...
Like the suburb
Like the location; proximity to hospital, amenities, stone corner- bustling well by Syd standard .. and the list goes on, will do very well in a long term
Property is at the entry level
Currently not much competition (so the agent says), being auction in Brisbane, weekdays opens
Like to think trustee sales are a bargain! But could be wrong..
If I am buying it, quick cosmetic, rent out cheap and wait till numbers got right to develop. It's a skinny block but could buy out neighbours

 

These are my thoughts exactly. It's just not the right time for me. But there were heaps at the weekday open I went to

 

anything with a 8 is good, 4 is maybe not good.

 

At least its not in a flood area so there is requirement for the lower level to built above a certain height.. Counting the blockwork it looks to be legal height under.. but the slab would most likely need to come up as its highly unlikely to comply with current code.

The thing with the public trustee auctions is they have a professional valuation done beforehand and if they don't meet reserve at auction, they don't sell. So there is no possibility of getting a "bargain". Unless it sits for months they may drop the price a little.. Low 500's is no chance in my opinion.. more likely high 500, reserve may even be 600 if they have been over generous.

Not sure if its heritage listed? It's a dud if it is.. internal walls look fibro so no character.. unless they've lined over the VJ.

 

for the vendor?