QLD what do you think about this house, Aspley

Hi First Home buyer here

guys what do you think about this house , 15 Belinda Street Aspley Qld 4034 - House for Sale #129130266 - realestate.com.au

the agent told me they are looking for high 500K, not sure if it is worth it, we choose that area, simply because of the craigslea state high school catchment.

cheers
mim

 

The property appears to be located in a good pocket of Aspley. Looks like quite a solid low maintenance home. Probably could convert part of the dining area into a fourth bedroom. The block itself is quite large, just shy of 21 sq m to make an 810 sq m block ( in which case would be subdividable); however the frontage looks wide (maybe check with a town planner on potential). The valuer general rates the land value at $385k, and larger blocks in the area are selling for over $400k, so overall consider the property seems to be reasonable within the price range. Of course, should always aim to buy cheaper.

 

thanks @ORAC very much, I am just clueless about the whole thing, why should I care about if it subdividable? or frontage

and what's the the best strategy to buy cheap, should I make an offer with less and see their feedback ?

sorry for the silly questions, but as I said, I am clueless

 

Hi bya38. Please don't part with half a $mill being 'clueless', although you have to decide what matters to you .... the part of your purchase which is most important is the land - the location aspect and geometry of the land is #1 in terms of long term value. Get the land component right, and there is little (or less) that can go wrong. Ordinary house on a great block in a great spot is usually OK. Buying a property in a poor location with no land, but with great appliances in the kitchen is really risky.

Other contributors, please correct me if I am wrong here.