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QLD Possible Deal in Strathpine

Discussion in 'Where to Buy' started by MsAli, 21st May, 2016.

  1. MsAli

    MsAli Well-Known Member Premium Member

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    Hi guys,

    Not sure if I should post this here.

    Possible deal in Strathpine which has fallen through as per the agent the reason is the buyer couldn't sell their home and the seller need to sell asap as they have bought another place.

    Suburb: Strathpine
    Price: Lowset in original condition asking $low 300's. (At the end of the day the seller wants it sold - I understand desperate).
    Rent as per agent is $350-$360pw
    Block is over 600sqm

    The floodmaps say it's not flooded etc. But buyer will need to do their own DD.

    Let me know if someone wants it. Only posting as the agent has been mailing asking about it.

    First come first serve. No caveats.

    Cheers
    MsAli
     
    Last edited: 21st May, 2016
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  2. MsAli

    MsAli Well-Known Member Premium Member

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    P.S. It's zoned Next Generation Neighbourhood
     
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  3. Mumbai

    Mumbai Well-Known Member

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    What does next generation neighborhood even mean?
     
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  4. MsAli

    MsAli Well-Known Member Premium Member

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  5. LeMU

    LeMU Well-Known Member

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    Hey @MsAli it might be worthwhile giving a bit more detail on the location of the property too for example is it close to the Strathpine station? That's if you don't want to disclose the address or include the link to the property of course :)
     
  6. larrylarry

    larrylarry Well-Known Member

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    Kudos. That's one of the things I like about PC veteran investors willing to share deals that might help others have a look in.

    I'm committed elsewhere for now but strathpine is one of the areas I targeted.

    Thank you @MsAli
     
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  7. Mumbai

    Mumbai Well-Known Member

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  8. Mumbai

    Mumbai Well-Known Member

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  9. HUGH72

    HUGH72 Well-Known Member

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    Nice one, I'm sure someone will take up your offer today.
     
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  10. Mumbai

    Mumbai Well-Known Member

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    Apologies if this came across as a smart arse comment on @MsAli s helpful post. I should have been clearer. It was aimed at the councils use of that 'next generation neighborhood ' term. The councils add such terms to their zoning, that don't make much sense to people.
    Having said that, Strathpine has good fundamentals for both investors and fhbs alike.
    Kudos to @MsAli for sharing the deal.
     
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  11. +men

    +men Well-Known Member

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  12. Fungus

    Fungus Well-Known Member

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    I looked into that a week or two back. A bit too close to the creek for my liking. It's just outside the flood map range, but I'll still be cautious.
     
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  13. Tyler Durden

    Tyler Durden Well-Known Member

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  14. norwoodman

    norwoodman Well-Known Member

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    That section of Stanley Street is also on the main road leading in to the Brendale industrial area from Samsonvale Road - although I understand that MBRC plans to bypass it by extending Livingstone Street directly to Leitchs Road.
     
    Last edited: 22nd May, 2016
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  15. bob shovel

    bob shovel Well-Known Member

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    Can't spruik without a property! :D Or is this part of the ploy to lure in spruikees?
     
  16. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    What happened to this??? Anyone pick up this deal @MsAli ?
     
  17. MsAli

    MsAli Well-Known Member Premium Member

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    Not sure. Someone asked about it. If it meets their DD ..don't know.
     
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  18. JDP1

    JDP1 Well-Known Member

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  19. DiligentPM

    DiligentPM Well-Known Member Business Member

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    Are you planning to view the property prior to making an offer to assess the immediate street and neighbourhood context (are the neighbour's homes and street well cared for and predominantly owner occupier in appearance i.e. gardens and home well attended to OR are the immediate neighbours and street appear unkempt, gardens not pruned and tidy with likelihood of being predominantly a rental enclave)...from experience, tenants care for gardens better when the immediate neighbours have tidy, well kept gardens as this sets the scene for high expectations.

    Assessing the local neighbourhood will also inform you if the property is located too closely to the Brendale industrial area.

    If you are not in the position to view the property we recommend a trusted source to do this assessment on your behalf before making an offer...
     
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  20. standtall

    standtall Well-Known Member

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    How are local vacancies? And realistic rent assessment. I find that rental assessments in sale listing need to be discounted by 10-20% minimum.