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Why is this so cheap?

Discussion in 'Where to Buy' started by Amber, 11th Sep, 2016.

  1. Amber

    Amber New Member

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    Central coast
    Posted in the Newcastle thread, but given Belmont is not part of Newcastle thought I'd repost: What do you think is happening here? It does not seem to fit in with pricing in the area https://www.realestate.com.au/property-house-nsw-belmont-123400530https://www.realestate.com.au/property-house-nsw-belmont-123400530

    I talked to a real estate the other day who told me he sold it 3 months ago- very sus. Is it cheap because of flooding? Being old? Asbestos? Can't help but be suspicious. It rents out for 330 p/w long term tenant.
     
  2. serendip

    serendip Well-Known Member

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    I put my view in the other thread :)
     
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  3. Mietre

    Mietre Member

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    NSW
    I actually commented to my husband last night about how cheap houses were in that area (we are looking for our first IP). It sold for $325k in January. It doesn't seem too different from recent sale prices for 2 bedders? I feel for the tennants, 2 sales campaigns in 6 months. Sorry I'm no help!
     
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  4. dabbler

    dabbler Well-Known Member

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    What happened to the front door steps, assuming that is the entry on the front.

    Where is the other thread ?
     
  5. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Looks like a transportable home on a small block
     
  6. Azazel

    Azazel Well-Known Member

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    Did you try asking the agent what was wrong with it?
    Maybe get a B&P inspection done if you're keen on buying it.
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    What's the easement along the side boundary?