Hi There One of my friends wants to sell a lovely period art deco flat that i am thinking of buying if it is the right price. It's within 10km of Melbourne CBD in a highly desirable upscale Eastern suburb. A completely original flat sold for $565k about 6 months ago with no termite damage at all. Another completely renovated & modernised one sold for about $625k in the same block. Basically the kitchen, lounge and possibly hallway floorboards are eaten and there are holes in the floorboards. Even the kitchen door trim has been partially eaten away- leaving a cavity like shell. I would say one quarter to one third of the floorboards are damaged by termites via holes, eaten away at some parts of the floor board. It currently has tenants and the floor boards have been covered with the original carpets, so it is liveable. The Flat was treated for termites and has all the certificates. The flat is considered to be generous proportions at approx 80m2 with high ceilings, compared to new builds and is 2 bedrooms. The flat is lovely and spacious and im wondering how do you determine a price to pay in light of past termite activity and in light of other flats recently sold within the last 5-6months? I know i could add value to this. But what price should I offer??