I always keep my eye open for a cheap house on double block within 10klm of Brisbane and near rail to knock down and land bank for a while.
One popped up on the radar a while back, fibro shitbox on an 800m2 plus site on two separate titles for around $300,000 but I wasn't ready yet so left it. It popped up again recently, still not sold and I put it down to the market and area being a bit iffy and it having an un-rentable asbestos box on it and BCC being a bit harder to deal with than other councils in regard to asbestos removal. Yesterday it got the better of me and I call the agent about it and get told the house has gone and I could probably get it for less than ask I ask about any issues the site may have, fall on block, sewerage, zoning – check all this on PDonline (Zoned for units) and it all looks good to go. I also ask why it has taken so long to sell and get told its the fibro shitbox, now gone, this'll get snapped up fast says I so asks for a contract to get sent through. This is 4pm
I go for a drive from the CBD to site yesterday afternoon at 5pm to check for traffic run out, noise, neighbours and general feel for the area and was quite excited at the signs of gentrification in housing in the surrounding streets, area was quiet, trip out was fast, there were people watering gardens, people jogging no signs of graffiti or burnouts, there were even a couple of chooks scratching around. The site itself was exactly what I was after. Great spot says I, lets get out that contract and sign.
But when I looked down the street a few doors I was shocked to find this those houses/units look a wee bit higher than the standard height and why arent they built in under?
Agent failed to mention that there was water through there during the last flood Neighbors confirmed there was about 4 feet of it across the site.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
oh dear, If you get the block really cheap and build a flood proof house it could still be ok. You are just lucky the flood came before you bought. The owner is unlucky. Different sides of the same coin. Peter :pop:
oh dear, If you get the block really cheap and build a flood proof house it could still be ok.
Yeah, but I could do that in Rocky for an easy $150k less and be within walking distance of the CBD And the site would have had 4 inches over it not 4 feet And it would only need to be a 2 story house not 3
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
A mate of me ole man's reckoned he had no probs with the floods coming up to maybe 2 feet under the floorboards of his high set house once every 15 or 20 years - Given he got to live in a house that cost only maybe 60% of normal. (And also got damn cheap rates I'd assume?)
Not my thing personally - I never have a subject to finance clause/get out of jail free on that basis in any offer I make - Given that I purchase for cash. But always include a triple barrelled clause about building and pest and flood. Even though I'm always pretty confident the joint's not in flood - Simply wouldn't offer on it if I reckoned it was - But you can't be too careful given potential blockages of run off drains and flash floods - So you want a chance to have the history checked out regardless.
Each to their own though when it comes to flood - It's just either your thing or it's not perhaps? But yep, irrespective of how one feels on it personally, you sure don't want to be paying flood free prices on flood affected property. (That agent was a right prick [or cunnie by the looks perhaps?] Frank - Waste of time and space for mine. Plus a dill - Definitely not the way to build him/herself any sort of half decent name in the game if he's got any intentions of hanging around.)
(That agent was a right prick Frank - Waste of time and space for mine. Plus a dill - Definitely not the way to build himself any sort of half decent name in the game if he's got any intentions of hanging around.)
exactly right - why couldn't they just be upfront? It would still sell (albeit possibly at a lower price) but it appears people are doing their homework and it's costing the agent more time and hassle than anything else. Karma
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