Unit Property in St Kilda opportunity opinions sought

Discussion in 'The Buying & Selling Process' started by Switchtronics, 6th Dec, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Switchtronics

    Switchtronics Well-Known Member

    Joined:
    10th Oct, 2015
    Posts:
    224
    Location:
    Sunshine Coast
    Hi,

    Just wondering if anyone could give their advice on this property. Looking for a property with strong capital growth aspects and a suburb with a good vibe. I have been watching Balaclava, Hawthorne, St Kilda, Carnegie. With all the units available within the area this one appealed to stand out as it has a reasonably large living area, new kitchen, laundry, balcony with a good view and solid location. The rent seems quite strong for Melbourne.

    Features:
    Top Floor
    Dual Level
    Balcony
    2 / 1 / 1
    New kitchens, bathrooms
    estimated rent $550 per week
    body corp $2150 p.a.
    purchase price $561.2500

    Suburb
    St Kilda 6km from cbd, close to Acland street, and Luna Park
    The suburb seems to be slightly negative with unit pricing at present, possibly presenting a good buy.

    Seems reasonably priced for the location.
    12/35 Carlisle Street St Kilda Vic 3182 - Apartment for Sale #121265286 - realestate.com.au
     
    Switchtronics, 6th Dec, 2015
    #1