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NSW Orange Slum

Discussion in 'Where to Buy' started by Darlinghurst Boy, 2nd Jan, 2016.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Darlinghurst Sydney
    Went to look at the outside the other day of this Unit selling .
    Looked ok by the advert.
    Selling 87k with return of 150 week.. I felt excited as I went to look at it.. But as soon as I walked into the grounds of the building (11am) to see groups of young guys (drinking) sitting around I knew it wasnt what I expected.

    They didnt say anything to me but I was concerned they could follow me into the building and try to rob me or something.

    Well have to say the place was a mess... Just general untidiness in the stairwells.. Syringes..alcohol bottles etc.... Vomit in the shared laundry.. Rust all over the washing machine , looks like they have 2 for the whole building !!

    Walked up the stairs to hear boom boom music so loud and it was 11am in the morning !!
    I did feel scared which is unusual for me but i just had this bad feeling as i walked through.:eek:
    I could hear people arguing in one unit.. Then a lot of noise (groups of young guys) in another unit swearing loudly and drinking.


    I could actually smell urine in the corners of the stairwells .:mad:
    There are only 3 clothes lines to the whole place... So rusty the old 70's Hills hoist.

    That said if someone here is desperate for a low investment ... Go for it !!:p
    I dont know the Strata fees however., obviously not very high ! :eek:
    However if you ever wanted to be a SlumLord heres your chance.

    I would do due diligence though.. I expect there would be special levies soon to fix the burnt out letterboxes which were all on the ground ,and repairs to the front smashed glass doors which stay open it seems so any Tom Dick Harry can walk in . ( just like I did)

    How they could let a building get in that state is unbelievable !!

    When u let a building detoriate with graffitti etc then it becomes worser as in the saying "broken windows"
    At least give these tenants some dignity by fixing their letterboxes .. Burnt, graffitted, overflowing with junk mail.
    Have a cleaner clean the stairwells !!

    I take it the majority of owners may live away from Orange and hence the Strata dont meet and look at it ?:oops:
    As soon as I got back to the car my friend who waited in the car said "lets go ! as the youths were pratically looking inside .(maybe they thought we were drug dealers or something)
     

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    Last edited by a moderator: 2nd Jan, 2016
  2. bob shovel

    bob shovel Well-Known Member

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    FFS... :rolleyes:

    On fire bud! I would have expected gold plated dunnies and oranges' elite to reside there
     
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  3. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It's Orange - what did you expect - especially at that price.
     
  4. TFBoy

    TFBoy Well-Known Member

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    How big was the property? For $87k can't expect too much?
     
  5. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Im surprised Moshe didnt get mugged for his watch and rings
     
  6. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Is it Orange where property managers refuse to take on new customers and certain areas of the town? I'm pretty sure it was.
     
  7. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Thats Tamworth (Coledale) and Wagga (Ashmont and Tolland), Orange isnt that bad but there would be areas nobody wants to manage in
     
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  8. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Orange slum

    [​IMG]
     
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  9. beachgurl

    beachgurl Well-Known Member

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    Before I noticed your attachment I was going to ask if it was Margaret st.

    Yes, some PM books are closed in parts of Orange too.
     
  10. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Yeah for this price, you can't be expecting much!
     
  11. bob shovel

    bob shovel Well-Known Member

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    For anyone that hasn't been, orange is very nice town
     
  12. Chilliblue

    Chilliblue Well-Known Member

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    Did you see anything else as I can assure you that your example is a minority.
     
  13. Azazel

    Azazel Well-Known Member

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    Come on, how then to fill his quota of complaining threads?
     
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  14. twobobsworth

    twobobsworth Well-Known Member

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    Can't compare oranges to apples.
     
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  15. bob shovel

    bob shovel Well-Known Member

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    I'd put money on it that Moshe has discovered Hill end and is doing some wheeling and dealing. Pick and shovel use unlikely
     
  16. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Your analysis is quite unorthodox
     
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  17. sonic98

    sonic98 Member

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    Almost makes Gorokan and Lake Haven look posh by comparison huh? :D
     
  18. Azazel

    Azazel Well-Known Member

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    What about locations with "Big" things, like Orange has the Big Orange, that could be his next strategy.
     
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  19. Scott No Mates

    Scott No Mates Well-Known Member

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    Orange is known for its apples whereas Berri has citrus, Berry - dairy cattle and Beerwah - ginger.

    You'd think that they could get the names to match the crop/activity eg. Woodenbong (no explanation needed).
     
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  20. mini2

    mini2 Well-Known Member

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    I misread it and thought you're talking about OP's avatar being unorthodox..I was like that's pretty orthodox.