QLD What could this beauty sell for?

Discussion in 'Property Analysis' started by cfsuarc, 26th May, 2021.

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

    cfsuarc Active Member

    Joined:
    16th May, 2021
    Posts:
    29
    Location:
    Sydney
    cfsuarc, 26th May, 2021
    #1
  2. Mulianto

    Mulianto ~~

    Joined:
    4th May, 2017
    Posts:
    1,161
    Location:
    Indonesia
    I think 900-1m
     
    Mulianto, 26th May, 2021
    #2
    cfsuarc likes this.
  3. cfsuarc

    cfsuarc Active Member

    Joined:
    16th May, 2021
    Posts:
    29
    Location:
    Sydney
    Thanks Mulianto. Anyone else?..
     
    cfsuarc, 26th May, 2021
    #3
    Mulianto likes this.
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,536
    Location:
    Sydney
    I have under estimated everything else recently. I would say $1.15m plus at auction. Or its passed in. At present there are probably some cooling heads with buyers and some unrealistic seller reserves but with a few eager buyers of what appears a spacious and well renovated family home I see it getting interest.

    That 980k comparable is a very small new build and site. I would argue the other $1.2m comparable a closer fit. 450m2 land v 630m2. Landscaped and leafy v vacant and bare small yard. Ourdoor decking and so much more.
     
    Last edited: 26th May, 2021
    Paul@PAS, 26th May, 2021
    #4
  5. cfsuarc

    cfsuarc Active Member

    Joined:
    16th May, 2021
    Posts:
    29
    Location:
    Sydney
    yeah, sadly I suspect this is close to what it'll fetch.. thanks
     
    cfsuarc, 26th May, 2021
    #5
  6. cfsuarc

    cfsuarc Active Member

    Joined:
    16th May, 2021
    Posts:
    29
    Location:
    Sydney
    spot on! (wan't the tightest range but still) - gone for 980k
     
    cfsuarc, 1st Jun, 2021
    #6
    Mulianto likes this.
  7. cfsuarc

    cfsuarc Active Member

    Joined:
    16th May, 2021
    Posts:
    29
    Location:
    Sydney
    maybe they saw something not apparent in the photos, as it did sell surprisingly enough for 980k
     
    cfsuarc, 1st Jun, 2021
    #7
  8. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,536
    Location:
    Sydney
    It does have that "I look freshly painted for $20K and new carpets and fresh landscape and cheap blinds" look.
     
    Paul@PAS, 1st Jun, 2021
    #8