Hi Richard
the property is in Victoria – Torquay – 1 hour from Melb CBD – a beach side town
mate i can produce a independent property valuation done 7 months ago and is conservative because was done for a second mortgage and they always come in conservative.
this deal would need to pitched so to speak at a private investor
Regards
Scott

thanks Richard and appreciate you taking the time to comment

Hi Terry
thanks for reply
the borrowed funds were to buy the house – has been owner occupied for over 3 years now
the question on long term prospects. well Torquay in Victoria is a beach side town. the town is growing rapidly but so is the land being opened up for new housing estates. the house is 10 min maximum to beach and overlooks the Sands…[Read more]