VIC Why is this selling @ this price?

Discussion in 'Property Analysis' started by In-sight-ful, 19th Sep, 2017.

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  1. In-sight-ful

    In-sight-ful Member

    Joined:
    13th Sep, 2017
    Posts:
    21
    Location:
    Melbourne
    I was looking for some 3 Bed units in Sydenham and came across a bunch of them in a gated community near Watergardens station. Most of them are priced at a very good 350k-390k.

    I wonder why its being offered at a low price, when other townhouses & units are being sold for more and are in short supply. I wonder if it's because of being part of a large gated community

    Building profile - 322 Sydenham Rd, Sydenham VIC 3037

    Any thoughts?
     
  2. Stoffo

    Stoffo Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    5,301
    Location:
    In the Tweed
    Body corporate/strata fees may be high.
    Could have been a dodgy developer and the complex needs serious works.
     
    Zoolander likes this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,096
    Location:
    Sydney or NSW or Australia
    Faces main road & railway line.

    It's a bit suss when there are no photos or floor plan of the property in this day of interweb.
     
    Archaon likes this.