All Topics / General Property / New IP what do you think about a main road

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  • Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 7, 2010 - 11:33 am

    Hi All,

    I am looking at a new IP in Wilson, Perth. 12 year old house and it loooks like a good deal…my only concern is it is on Leach Highway… Not street front it is a survey strata and furthest back from the road, but it is giving me jitters.

    Does anybody have experience with main road property? 

    Profile photo of zeablezeable
    Member
    @zeable
    Join Date: 2009
    Post Count: 27
    October 8, 2010 - 12:28 am

    Hi,
    I've read that it is a very bad investment, due to below reasons:

    Firstly ask yourself, have you ever tried reversing your car into a peak hour traffic main road? If not, maybe give it a go first…
    Secondly, real estate agents like to book inspection appointments for sale houses on main road during off peak hours, so make sure you drive by during peak hours to see what it is like too.

    A few other points:

    1. Harder to sell when you decide to sell
    2. Harder to find tenents and higher turn over
    3. Real estates agent don't like listing these properties for sell / rent
    4. noise, privacy, kids danger zone… etc

    Hope that Helps!

    Profile photo of last chancelast chance
    Member
    @last-chance
    Join Date: 2010
    Post Count: 8
    October 8, 2010 - 8:31 am

    Hey Zeable thanks for the thoughts

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