WA Post a Bargain - Perth 2019

Hahaha is that a word?!
A lot more house with this one but a lot of work. I received a letter saying it was under offer 6 days ago and asking if I was interested in buying or selling in the area. A representative from Mont called me today to say it had sold (price only just decreased again) and if I was looking to buy or sell...blatantly lying. I wouldn’t trust them. Peter (Selling Agent) had no time to talk and was in and out during the home open. Turnover is their game.

 

That place is a cracker! I've got a soft spot for that style of architecture, would be great to reno it all and bring it back to life.

 

If entry and exit fees weren’t so exorbitant I would consider bringing it back to its former glory!

 

4E/811 Hay Street, Perth, WA 6000

Thoughts?

 

There is probably a reason the current owner is selling it with 9 months left on the lease. Have you asked the agent why they are selling? One bedroom, virtually no land component, lots of similar supply. What is your play? I cant see this getting much capital growth so is it a cash flow play? It's cheap and theres probably a reason for that. Few more questions that need to be answered i reckon

 

Can you actually live in it full time?

Strata seems low for 2 lifts. No sinking fund for future expensive lift maintance

 

19 Fenton Way, Hillarys
Sold 19 Fenton Way, Hillarys WA 6025 on 05 Dec 2019 - 2015800486 | Domain


This sold for $543,000. Just wondering if it was a bargain according to members here.

 

Seems about right to me when comparing to 3x1 stock with similar land size in the area for sale/sold. Anything near or on a busy road that requires a little work is generally low to mid $500’s in Hillary’s

 

Should have bought 21 coomoora. Now under offer

 

It will be interesting to see what it went for. Mid 1.5’s is a bargain, well below replacement cost in the area. Well done to that buyer!

 

46 Pandora Drive, City Beach, WA 6015

 

There are some amazing buys in City Beach atm

Gotta be land value????

 

Niiiicee

Needs a pool though

 

I got a call from the agent they just dropped this $120k to $1.320,000

I am looking at downsizing, but if I could buy land and build I would prefer this


Any thoughts on this prop??

72 Tate Street, West Leederville, WA 6007

 

It's not screaming value to me. Did you consider buying one of your GF's ones like the Franklin St ones?

There is a few duplex development sites in the areas you would like but they are no bargains either. Watch out for the ones with side laneways as you lose quite a bit of land with having to cede land to the council for laneway widening. If Alma Rd is ok then check out #147 Alma Road, North Perth, WA 6006

 

Ok, thanks

Yes, I did look at these but land was not big enough
Also areas like Subi , West Leederville, Daglish have more choice

I agree not screaming bargain

Alma looks interesting, seems cheap? Compared to what I have been looking at

Landcorp selling off land in Shenton Park, all sold, was not looking at that time

Another release in Jan, near Shenton College.

 

That West Leederville house is a great design and layout on a narrow site. I really like it and and am a big fan of two and three storey places that retain usable land for outdoor living.

 

Me too. Its a great location too

 

Under offer now.

 

Didn’t expect it to last long with the price range added after the 1st buyers finance fell through.