WA Post a Bargain - Perth

Discussion in 'Property Analysis' started by MTR, 17th Jan, 2017.

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  1. Scaphella

    Scaphella Well-Known Member

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    Scaphella, 16th Jul, 2017
    #481
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  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Westminster, 17th Jul, 2017
    #482
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  3. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    110 Wood Street, Inglewood, WA 6052 - Property Details

    I earmarked this last week as a bargain and it was unconditional sold within a couple of days. Was on market for $625k and sold for $630k.
    Great location in Inglewood on a 562sqm block with R30 zoning (so not much you could do with it) but a great PPOR renovate and extend project or retain/renovate and build a Single Bedroom Dwelling in the rear
     
    Westminster, 17th Jul, 2017
    #483
    Perthguy, Scaphella and Big Daddy like this.
  4. Lacrim

    Lacrim Well-Known Member

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    Probably someone on PC following this thread??
     
    Lacrim, 17th Jul, 2017
    #484
  5. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It was so good I didn't mention it here. I was hoping a client would want it.
     
    Westminster, 17th Jul, 2017
    #485
  6. Wei Duan

    Wei Duan New Member

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    Wei Duan, 17th Jul, 2017
    #486
  7. Aaron Sice

    Aaron Sice Well-Known Member

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    As opposed to....? FHB's at 15% of the market? Investors at < 10%?

    The right product does very well in this sector.
     
    Aaron Sice, 17th Jul, 2017
    #487
  8. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It's a huge growing market with the number of older people outpacing young people. They also have money and appreciate nice complexes. I wouldnt do anything with communal ammenities except for maybe a community veggie patch. Keep it simple.
     
    Westminster, 17th Jul, 2017
    #488
  9. Aaron Sice

    Aaron Sice Well-Known Member

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    That's the opposite of what we're doing!
     
    Aaron Sice, 17th Jul, 2017
    #489
  10. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It's only a 1300sqm block. It will probably only be 10 x dwellings
     
    Westminster, 17th Jul, 2017
    #490
  11. Aaron Sice

    Aaron Sice Well-Known Member

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    Surely you'd still provide a mid-level terrace garden or something, though? Maybe with a small communal working-from-home office attached?
     
    Aaron Sice, 19th Jul, 2017
    #491
  12. AP121

    AP121 Well-Known Member

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    AP121, 7th Aug, 2017
    #492
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  13. Beachsnow

    Beachsnow Well-Known Member

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    Beachsnow, 7th Aug, 2017
    #493
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  14. AP121

    AP121 Well-Known Member

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    Oh!!! No wonder why I didn't get any response from the agent
     
    AP121, 7th Aug, 2017
    #494
  15. Beachsnow

    Beachsnow Well-Known Member

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    There are a couple of builders / agents in the Scarborough area that snap the good sites up straight away. Gotta be quick on the button to beat those guys!
     
    Beachsnow, 7th Aug, 2017
    #495
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  16. AP121

    AP121 Well-Known Member

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    Thanks for the info. I have been looking around Scarborough/Doubleview/Innaloo areas for buy & sub-divide.
     
    AP121, 7th Aug, 2017
    #496
  17. AP121

    AP121 Well-Known Member

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    AP121, 7th Aug, 2017
    #497
  18. Beachsnow

    Beachsnow Well-Known Member

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    That property falls within the Sub Precinct Area 2 which has some pretty extensive guidelines you need to follow for development. They are after some kind of 'garden style' development which needs large setbacks to provide space which would restrict the width of the building on that site. You can go up a few stories but then achieving a design that the council wants might be painful.
     
    Beachsnow, 7th Aug, 2017
    #498
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  19. MTR

    MTR Well-Known Member

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    Some builders/developers have re agents in their pockets, make no mistake of this, you scratch my back, I will scratch your back, they sell the end product, works both ways.
     
    MTR, 7th Aug, 2017
    #499
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  20. Aaron Sice

    Aaron Sice Well-Known Member

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    I can testify it is painful.
     
    Aaron Sice, 8th Aug, 2017
    #500
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