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would you buy a shell house in south c for 12m?
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vky
#1 Posted : Tuesday, December 04, 2012 8:29:44 AM
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Joined: 6/17/2010
Posts: 572
the house requires substantial amount in doing the finishes as it has no roof, no windows etc, house has an sq, its in an estate setting and I am informed that the going rates for houses in that place is 16m
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Jamani
#2 Posted : Tuesday, December 04, 2012 8:48:22 AM
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Joined: 9/12/2006
Posts: 1,554
vky wrote:
the house requires substantial amount in doing the finishes as it has no roof, no windows etc, house has an sq, its in an estate setting and I am informed that the going rates for houses in that place is 16m


Would you buy a shell in south C for 12M,
Yes depending on
-Location and size of the plot
-Size of the shell
-Proximity to the main road
-number of sides for plot facing the main roads
-Council Zoning of the area
all assuming clean titles and many more.
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jaykay
#3 Posted : Tuesday, December 04, 2012 9:24:17 AM
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Joined: 4/6/2009
Posts: 78
@vky:assuming title,rates and NCC are OK- no.
Because: 12MN is a complete unit in that area at least around 12 months ago.Older units i.e. more than 5 years old go for that.
I would say 8MN.finishing it may cost you another 3MN
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accelriskconsult
#4 Posted : Tuesday, December 04, 2012 10:02:42 AM
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Joined: 4/2/2011
Posts: 629
Location: Nai
vky wrote:
the house requires substantial amount in doing the finishes as it has no roof, no windows etc, house has an sq, its in an estate setting and I am informed that the going rates for houses in that place is 16m



what size of land does it sit on?
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jaykay
#5 Posted : Tuesday, December 04, 2012 6:36:04 PM
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Joined: 4/6/2009
Posts: 78
@accelriskconsult: the house may be sitting on less than an eigth-most townhouses sit on that kind of space.
@vky: for less than 12M you can get a similar house but older in the same locality.
16M is asking price at Phenom.Rental yields would make you weep.
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