<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>Hi all,
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>I’m looking at buying a house as a rental property, however, the dwelling sits on a block which has been subdivided.
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>The house I wish to purchase is the front street-facing property and the rear property is a new double storey townhouse. Both residences have a shared driveway and each has their own double garage.
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>The house has 4 bedrooms, 2 bathrooms and has undergone recent renovations and has a fairly large front yard. The house is walking distance to the local shops, doctor’s surgery, Primary School, Parks, Beach, Train Station, take-away shops, freeways and the bus stop is literally out the front of the property. The property is in the South Eastern suburbs in Melbourne.
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>We intend to rent out this property as it’s an investment which we plan to hold onto long term. There’s absolutely nothing left to do for this property as it can be rented out as is.
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>Apart from the obvious issue of having a small backyard, are there any other cons to purchasing a house on a subdivided block?
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>Advice greatly appreciated :)
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>Thanks,
<p style=”font: 13px/20px ‘Open Sans’, Arial, Helvetica, sans-serif; margin: 0px 0px 20px; text-align: left; color: #666666; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: #ffffff; -webkit-text-stroke-width: 0px;”>youngm
You must be logged in to reply to this topic. If you don't have an account, you can register here.
