THE OTHERS

Food For
Thought

Here are properties we have sourced and are currently reviewing. 

21 Clifford Street, Torrensville

The Numbers

 

2 - Bedroom

1 - Bathroom

1 - Car space

 

Size

Internal - 107m2

Land - 352m2

 

Orientation

Front: East

Rear: West

Sale Method

Auction (14th of December)

Asking Price

If it goes to auction they will set a guide at $615K

Vendors Motivation To Sell

Ready to move

(If auction) Willing to sell prior

Yes

Quick Appraisal

Logical: $575,000 - $585,000
Emotional: $585,000 - $610,000
Target: $575,000 - $596,000

Current Offers

None

Quick Rental Appraisal

$390 - $420/wk

Renovation Potential

None

Distance to Public Transport

Mike End Station: 2.3km (29-min walk)
 

Distance to Shops

Brickworks: Major shopping centre (13-minute walk) and local shops available on foot within 2-minutes on Henley Beach Road

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

Our Feedback

A really nice stone-fronted maisonette that has just been recently renovated - and a smart one at that. You are naturally greeted by the old 1900's charm upon entry with the high ceilings, wide hallways and exposed fireplaces littered throughout. Two really decent sized bedrooms to the front through to a more formal living room. Past this is part of the new extension where there is a new kitchen, bathroom and laundry zone, all tucked away neatly within this space. There is then a nice open living room to the rear that opens out onto the outdoor living space. What is nice is the open grassed gardens, through to the rear shed and then garage tucked away to the side rear. This is not all that normal for maisonettes, however, the land has been utilised nicely.

Parking to the property is accessed off the side street and is situated to the rear of the property. The way it is positioned however is good given it does not take away space from the garden/lawn area. 

The property has only just come onto the market and there are no current offers. However, although it is scheduled for auction on the 14th Dec, the agents appear very keen to sell prior. In Adelaide, if that's the case, we would put our offer forward, and then they give everyone the chance to make an offer who have viewed the property, generally within 24hrs. The offer would need to be unconditional (auction conditions), so a building & pest report can be purchased and reviewed prior.

Next Steps

We have valued the property at $575,000 - $585,000 from a logical standpoint and an emotional range up to $610,000. As indicated, the agent has stipulated that the offer would need to be at the $615,000 for the vendors to consider selling prior to auction. Our valuations are indicative of comparable sales (logical range), however, what we are seeing on the ground are extremely low supply and high demand. Hence why we have posted the emotional range up to $610K. This is $5K shy of what they are chasing to sell prior to the auction. We have no doubt if it went to auction, it would most likely surpass that number and go into the 620/630 range.

Given our valuation and the agent's feedback, we are still a little far apart. However, given you are keen to get into the market, you have the option to make an offer at the $615,000 range knowing it will be paying slightly overs. If this is the case, the agent has had a building & pest report completed and we can purchase this and review it. If that stacks up, then an offer in writing can be put forward.

1/14 Wainhouse Street, Torrensville

The Numbers

 

3 - Bedroom

2 - Bathroom

4 - Car space

 

Size

Internal - TBC

Land - 315m2

 

Orientation

Front: West

Rear: East

Sale Method

Private Treaty (Best Offer by 13/12/19)

Asking Price

TBC

Quick Appraisal

Logical: TBC

Emotional: TBC

Target: TBC

Current Offers

None

Quick Rental Appraisal

TBC

Renovation Potential

None

Distance to Public Transport
Bus Stop: 250m (3-min walk)

Mike End Station: 1.7km (22-min walk)
 

Distance to Shops

Henley Beach Rd: 150m (2-min walk)

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

Our Feedback

We viewed this property, and unfortunately, it's nothing to write home about. It was going to be an out of the box option for your consideration, but it was a home built approximately 10 years ago but has dated really poorly. Location is good, but as a long term investment, it lacks character and the POD we are chasing.

58 Meyer Street, Torrensville

Walk Score
Land
Property
Opportunity
OO Apppeal
Overall

The Numbers

 

2 - Bedroom

1 - Bathroom

 - Car space

 

Size

Internal - TBC

Land - 332m2

 

Orientation

Front: TBC

Rear: TBC

Sale Method

Off-Market

Asking Price

TBC

Quick Appraisal

Logical: TBC

Emotional: TBC

Target: TBC

Current Offers

None

Quick Rental Appraisal

TBC

Renovation

TBC

Distance to Public Transport
Bus Stop: 300m (4-min walk)

Bonython Park Station: 1.9km (24-min walk)
 

Distance to Shops

Brickworks Marketplace: 500m (6-min walk)

Our Feedback

We are yet to view this property as it's off-market and we found this via social media. The home is on Airbnb and the owner is trying to line up a time to get us through to take a look.

54A Cuming St, Mile End