NSW Storm water drain through middle of property, wccg?

Discussion in 'Property Analysis' started by ImitatorV9, 3rd Aug, 2019.

Join Australia's most dynamic and respected property investment community
  1. ImitatorV9

    ImitatorV9 Member

    Joined:
    20th Oct, 2018
    Posts:
    6
    Location:
    Sydney
    This property has a storm water drain running right through it 97 Belmont Street, Sutherland, NSW 2232

    It ticks many boxes for me ( school , station, location and cost) but I have never come across a property with a drain in the middle.

    What could possibly go wrong with this property? Would you buy it if you were looking in the area?
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,475
    Location:
    Sydney or NSW or Australia
    Flooding?

    Unwanted whitewater rafters coming through your yard

    Is it at a discount to other similar properties? (Or priced similar to those with equivalent usable land excluding the land beyond the stormwater drain?)

    Massive block, how many cricket/foot are you going to lose?
     
    ImitatorV9 likes this.
  3. ImitatorV9

    ImitatorV9 Member

    Joined:
    20th Oct, 2018
    Posts:
    6
    Location:
    Sydney
    Well I will finally have friends.

    But thanks for the perspective, you bring up some good points. Lawn mowing would be an absolute PITA as well.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,475
    Location:
    Sydney or NSW or Australia
    I've always wanted a moat, change the bridge to a draw bridge and put in a GF.
     
    Archaon and Hetty like this.
  5. ImitatorV9

    ImitatorV9 Member

    Joined:
    20th Oct, 2018
    Posts:
    6
    Location:
    Sydney
    I don't have a girl friend but I like the way you think.
     
    Archaon and Scott No Mates like this.
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,475
    Location:
    Sydney or NSW or Australia
    Better get a dunking chair too in that case. :oops:
     
    Anthony416 likes this.
  7. Archaon

    Archaon Well-Known Member

    Joined:
    20th Mar, 2017
    Posts:
    930
    Location:
    Newcastle
    What easements are there in the sale contract?