We inspected Nelson St last night, quite like it, a bit disappointed that the 1970's brought so many poor extensions including this one. There are still a number of lovely 1950's touches, some original windows, the fireplace and cornices/cupboards/built in shelves. And there is plenty of room, a good functioning kitchen, 2 toilets (very important!).
Anyway I just have to call the council and clarify what is meant by the "owners corporation" which is included in the s32 between no 20 and the house which is on the subdivided part, facing into Acacia Crt. There is a grate over a storm water drain in the driveway which is what the owners corporation seems to cover.
There are currently tenants living in the house, their lease does not end until December. This means that we may not be able to move in until then. However the agent said what often happens in these circumstances is that as soon as the tenants find something they like they will move and the new landlord could waive the get-out-of-lease-early fee.
Then the question is what should we offer? And what about the terms? The agent talked a lot last night, there are no other offers at this point and he implied the following:
- a buyer could purchase this house for $365k if there was no competition.
- the vendor would prefer a short settlement (no surprises there)
- it would be a good idea to make the sale before the weekend as the buyer would cut out further competition which may emerge at the OFI (also good for agent of course)
My feeling, having an idea of what properties are selling for that this place would be a very good buy at $365k. And it could easily sell for $390k or even more. So I'm not sure if it would be wise to offer much less than $365k, subject to building inspection.
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