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New time investor who has spotted a neat/tidy, bricks & mortar home, opposite parkland, street appeal also clean & tiday. All homes are of bricks&mortar. Location, Mornington Peninsula.
Combination of permanents and tenants in the street. Downside is the country diesel train, operates approx 12 times day, located at the back of the street. Question: am I taking a huge risk, should I continue to look elsewhere?IMHO trains are not a real turnoff outside of the metropolitan areas. What would you prefer, 12 trains per day or 1200 trucks down the main road out the front. As long as there are, or you can plant, some shrubbery at the back to eventually provide some shielding, the back fence is secure and there are not 12 trains per night as well, it shouldn’t be a problem rental wise or capital gains wise.
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New time investor who has spotted a neat/tidy, bricks & mortar home, opposite parkland, street appeal also clean & tiday. All homes are of bricks&mortar. Location, Mornington Peninsula.
Combination of permanents and tenants in the street. Downside is the country diesel train, operates approx 12 times day, located at the back of the street. Question: am I taking a huge risk, should I continue to look elsewhere?[/quote]
Finnie
I bought a house about 3 metres away from a train line for a great price it is cashflow positive and always rented manly because its so close to everything. You could negotiation the price a bit lower cause it is near the train line.
Thanks Rob
..and “close to transport!”..
Even though it doesnt really take suburban passengers… unless your willing to run next to the train and jump in a box car… [
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)[8D]
Arty arty arty… You kill me. LMAO!!!Your sense of humour is so dry it crunches. I have no idea what that means but it sounds good… Hee hee…
“Close to transport” tee hee…
Steph.Success is 1% inspiration and 99% perspiration.
Steph, i heard you laugh all the way from the UK.
[:0)][:0)]It must be difficult to relate all the aussie interest rates, suburbs, laws etc… to the investments (im guessing) you have in the UK ?
Do you still find this site useful for you ?
[]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)
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