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¿ FLAGSTAFF HILL, SA
$380,000 - $400,000
Located 13.5 kilometres south of the
Adelaide CBD, Flagstaff Hill offers
an established residential area built
upon its humble rural origins. The
suburb had been fully developed
by the mid-1980s and has plenty
of lowset brick homes from the seventies and eighties along
The chosen listing offers a large, level block with plenty of yard.
The 1970s lowset home has three bedrooms, one bathroom and a
single garage with many original features. The home is listed for
sale within the $380,000 to $400,000 price range, but no rental
estimate was provided.
Principal and buyers’
agent, Logica Property
¿ WHAT SORT OF WEEKLY RENT SHOULD THIS ACHIEVE?
PS: In its current condition it would be difficult to achieve
more than low to mid $300s, however this could be significantly
improved with a renovation.
MW: Based on other similar rentals in the immediate locality,
this property should rent for around $360 per week.
Kieran Clair @kieranclair
Each day property investors across the land hoist up their
long pants (or skirts) and wade into the pool of real estate
listings, hoping to cast a line and snag a deal. There are
certainly plenty of fish in the pond but it’s not always obvious
which are worth keeping and which should be thrown back.
Buyers’ agents spend their work day looking at all of these
options. They have a wish list from clients and endless
webpages of properties for sale, but how do they create the
perfect match? The first step is knowing how to spot a deal from
In this month’s story we’ve found another three prospects to
tempt the experts’ opinions, getting their position on whether
they would ‘talk’ to the agent about going further on the
purchase, or ‘walk’ away.
As with previous stories, API has provided details of each
listing to two buyers’ agents with expertise in a particular
location. They then need to rely on their own experiences and
resources to decide on a strategy.
We aren’t publishing specific details about each advertised
property except the suburb and a general description. Our
buyers’ agents have been given the nitty gritty, but haven’t
contacted the selling agents during deliberations. It’s a
compelling look at how experts assess potential before they take
the very important next step.
¿ WHAT ARE ITS PROS AS AN INVESTMENT PROPERTY?
PS: Flagstaff Hill is a popular family suburb with good demand
from both owner-occupiers and renters. It’s a quiet residential
area with low levels of traffic and with many parks and reserves
nearby. The property is well located in a quiet pocket within
walking distance of the local school and shops. It’s close to a
large regional shopping centre, Flinders University and a quality
golf course. It’s also of solid brick construction and provides good
size living areas.
MW: Flagstaff Hill is a popular area with families and has a
range of good quality homes and leafy surroundings. Good
facilities are nearby and there’s good access to regional
shopping. Flinders University and Flinders Medical Centre are
very close, and it’s also handy to the beach. The street overlooks
the scenic Sturt Gorge, a popular bushwalking area. The house
is solid brick and stands on a good sized lot of almost level land.
In the future, a piece of land this size could be attractive to a
developer looking to build either a large, modern home, or a pair
of courtyard homes. All three bedrooms have built-in robes and
there’s an outdoor entertaining area plus several good quality
upgrades, including reverse-cycle air conditioning and a large
family room added on.
¿ WHAT ARE ITS CONS AS AN INVESTMENT PROPERTY?
PS: Built around the mid 1970s, the property is in a fairly
original, dated condition. It seems to have ‘good bones’ but
would require a complete renovation. It’s only three bedrooms
and one bathroom, but most similar properties in the area have
We present another three properties to experts around the
nation to see which are a ‘go’ and which are a ‘no!’
* Flagstaff Hill, SA
* Blacktown, NSW
* Preston, Vic
OPEN FOR INSPECTION //
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