Join Australia's most dynamic and respected property investment community

Nice one in Adelaide.....

Discussion in 'Property Analysis' started by Gockie, 16th Jul, 2016.

  1. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,810
    Location:
    Sydney
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    7,146
    Location:
    Adelaide, SA
    Adelaide has lots of nice character :)
     
  3. Xenia

    Xenia Best Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    3,208
    Location:
    507 South Rd ASHFORD SA.
    That is absolutely gorgeous
     
    Gockie likes this.
  4. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    12,070
    Location:
    Perth, Melbourne, Atlanta, Boston
    I love period homes, this is amazing property, however I think it needs a makeover. Curtains are dated, paint colour dated, kitchen is not grand as you would expect in this calibre of home, one of the bathrooms is also dated. Still a very grand home, thanks for sharing

    Mtr
     
    Xenia likes this.
  5. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    927
    Location:
    Sydney
    Wowsers! Pretty stunning home.

    It had me at the first picture, and it kept on goving. Especially loved the two knights in those hallway cabinets!
     
    Xenia likes this.
  6. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    1,552
    Location:
    Bali
    Love it and hate it at the same time.
    I'm all for character homes. And I'm all for modern homes. But pick one or the other.

    The carpet is horrible.

    Still. It certainly has appeal. Just needs either updating or backdating. I just can't decide which.

    Blacky
     
    MTR and Leo2413 like this.
  7. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    2,465
    Location:
    Riverina NSW
    Love the exterior and entranceway. With these old buildings the interiors can be frumpy in some places. Everything has to be grand and inevitably dates. Some stuff looks good and other not.
    Looks like an old convent?
     
  8. albanga

    albanga Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,435
    Location:
    Melbourne
    House is screaming out for an epic game of cluedo.
     
    legallyblonde likes this.
  9. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    7,146
    Location:
    Adelaide, SA
    The tenant was killed by the property manager using a blunt instrument? :p
     
    Marg4000 likes this.
  10. Plutus

    Plutus Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    295
    Location:
    The North
    I love it & hate it. Can't help but think that it would've been nicer if they committed to modern or classic, not both. Also maybe its the photos or the amount of "stuff" but a lot of the rooms in the photos look smaller than I'd have expected for such a grand building from the exterior.

    For that sort of $$ I could buy a nice french Chateau
    Leggett: Property in Normandy, France - Price: € 1190000 -

    Assuming this place goes for $6m, I would rather buy that for $1.7m. Spend $300k on personalising it a bit, invest my other $4m, draw down on the investment @ 4%pa and spend my $160kpa on upkeep and keeping the cellar well stocked.

    No offense to Adelaide, its a beautiful place but for that sort of money you can practically live anywhere in the world. Not sure if Adelaide would be my top pick.
     
    legallyblonde likes this.
  11. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    1,488
    Location:
    Sydney / Canberra
    That place in adelaide is for people worth more than $6m. So they will buy the house and still have plenty to invest :)
     
  12. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,834
    Location:
    Adelaide, SA
    That property has been up for a little while - it was originally listed for circa $6mil if I remember correctly. The whole of the east facing parklands is of a similar style, I'm not that amazed for the price. Locationwise there is nothing happening at that end of the city and the parklands aren't that nice. For almost half of the budget you can buy a luxury estate on Victoria Ave in Unley Park/Hyde Park etc.
     
  13. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    3,068
    Location:
    Adelaide & Sydney
    That house is what happens when a church and a RSL club have sex
     
    Leo2413 and Plutus like this.
  14. Graeme

    Graeme Well-Known Member

    Joined:
    26th Jul, 2015
    Posts:
    318
    Location:
    Melbourne
    I'd be more tempted by this place in Adelaide that sold a couple of years ago.

    [​IMG]
     
    legallyblonde and Leo2413 like this.
  15. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    7,146
    Location:
    Adelaide, SA
  16. Nemo30

    Nemo30 Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    561
    Location:
    Somewhere
    I love the Ocean Boulevard property. I saw it for sale a few years ago and was very jealous of the buyer.

    Those photos dont really do it justice. Its a very iconic property sitting on a hill overlooking Adelaide surrounded by land. Then you have all the plebs surrounding you on suburban blocks.
     
  17. Graeme

    Graeme Well-Known Member

    Joined:
    26th Jul, 2015
    Posts:
    318
    Location:
    Melbourne
    The Ocean Boulevard place, and the East Terrace house for that matter, are both way too big for me. I live on my own!
     
  18. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    7,146
    Location:
    Adelaide, SA
    What about all your minions? :)
     
    legallyblonde likes this.
  19. BKRinvesting

    BKRinvesting Well-Known Member

    Joined:
    15th Oct, 2015
    Posts:
    568
    Location:
    Blue Mountains, NSW
    I was going to say that the kitchen was terrible for that standard of home, but realised the owners wouldn't care - that's the cook's view - not theirs!
     
  20. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,810
    Location:
    Sydney
    Lol you might have a point! :)