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IP backs onto high school... Problem?

Discussion in 'General Property Chat' started by markson, 19th May, 2016.

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  1. markson

    markson Well-Known Member

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    Hi Everyone

    Looking at an IP that backs onto the local high school. I guess the proximity to the high school is a good thing however what negatives would be there backing into a high school?

    Edit - just checked google maps again and it appears to be backing into the service road to the high school. Not a playground
     
    Last edited: 19th May, 2016
  2. TwoDogs

    TwoDogs Well-Known Member

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    Noise :mad: and traffic and kids jumping the fence to skip school. I wouldn't want to own or live there.

    A good high school area can be worth something, but backing on is just too close to a good thing.

    Also, as a former keeper of a teenager who woke up when the school bell rang, living too close to school is that so good. Nothing like watching them get up too late, miss the bus and having to walk.
     
  3. Ember

    Ember Well-Known Member

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    Is at a discount?
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    It doesn't keep prices down around our parts - most sales are 7 digits.

    What is more concerning is the school'sreputation - is it selective, private, independent or @datto's local?
     
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  5. ashish1137

    ashish1137 Well-Known Member

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    Dattruitt is famous. :D
     
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  6. markson

    markson Well-Known Member

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    Public high school

    Will be inspecting it on a school day so will pay close attention.

    Currently has a tenant. Yield would be 5.9%
    If I can get it at the right place it might be ok.
     
  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Kids smoking funny stuff at your back fence
     
  8. WilliamB

    WilliamB Well-Known Member

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    That could be a positive, you could set yourself with a new sales based income stream?
     
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  9. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    That's what I love about this forum - the entrepreneurial spirit is strong.

    Cheers

    Jamie
     
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  10. MTR

    MTR Well-Known Member Premium Member

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    better than facing the high school.

    Discount necessary because it will limit your market when selling, not everyone will be interested in buying in this location
     
  11. melbournian

    melbournian Well-Known Member

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    i think if it is in melbourne, if it was mackinnon, balywn and glen waverley high school - yes.
    Dandenong high - definitely no.
     
  12. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Finding a tenant that enjoys a bell ringing every 45 minutes is going to be tough. Also hooligan factor, kids swearing and yelling, yuck. Personally I wouldn't consider.
     
  13. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    I'd say it's directly aligned with the quality of the school.
     
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  14. markson

    markson Well-Known Member

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    Actually just studied the photos better and it looks like the back fence is just a chain link fence. No privacy. So no go ❌❌❌❌
     
  15. Chilliblue

    Chilliblue Well-Known Member

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    Remember that school grounds are no longer Monday to Friday 9am to 3pm. They are also afternoons, evenings, very early week end mornings and the like.
     
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  16. dabbler

    dabbler Well-Known Member

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    If it is in an area where the resident is likely to be at work each week day, it should be no drama, if, as others say, it is a decent school.

    If it is low social area, then probably need to discount rent listening to the bell, horn and announcements, but in saying that, I have one a few blocks from a school and you can still hear the horn and announcements etc, but you cannot hear the noise during the breaks.

    People have to live somewhere.
     
  17. datto

    datto Well-Known Member

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    Around the Druitt the schools are suprisingly quiet. High truancy has its benefits ! lol.

    Hey teacher leave those kids alone. Especially you Mr Harris.
     
  18. dabbler

    dabbler Well-Known Member

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    Yeah, but not so good when they are off school but rifling through your wardrobe and draws looking for jewelry and cash, or drugs if your so inclined (probably need to be drugged) lol
     
  19. Azazel

    Azazel Well-Known Member

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    The tenants won't like being woken up by the school bell.
     
  20. Jamie_

    Jamie_ Well-Known Member

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    Just don't lease it to someone without a job :p