Hi, i just want to get some opinions on buying a property that is right alongside adjacent to a small park/playground. Does anyone see it as a negative or inferior location?
Cheers
It depends. In a nice neighbourhood it might be a positive, but in a rough area it might be a bad thing. Also depends who your target tenants are.
Cheers,
Lukecouncil does not pay its share of fencing costs, you get tired of kids jumping the fence to get balls etc
Hi MrsC,
In my experience, the idea of having a park with small kids near you might be fantastic. However, I have purchased a couple of properties that have been backing onto public parks and these are the issues that we have on them.
[1] CRIMINAL: they do present a criminal aspect as people can access your property from the park without anyone knowing. For us, it presented difficulty when selling due to the potential of people breaking into the property from the rear. This was a constant comment when we try to sell the house.
[2] SELLING ISSUES: we have purchased over 100 properties in the last decade and come across a lot of houses that back onto public parks that take an incredible amount of time to sell.
Well that was my 10 cents worth.
Regards,
Jason Moore
Property Trader | Boston West Pty Ltd
http://bostonwest.com.au
Email Me | Phone MePrivate money lending opportunities available paying upto 12%, secured by bricks and mortar!
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