Independent review:
Large 5 bedroom waterfront house in Robina.
4 bedroom + study, 3 bathroom, 1023 m2, asking A$850,000- $900,000
Positives
- Rents about $1000/ week.
- Good price range for a property this size, and waterfront. At the peak of the last cycle, this house would have sold for at least $1 million.
- Close to shops- Robina Village is just around the corner. Robina SS, All Saints, and other schools within 15 minute drive. Q Super center within 5 minute drive. Bond University is only 10 minutes away.
- Really close to good parks
- large double garage, and plenty of space to park inside security gates.
- all the standards for a house this size- built in wardrobes, double + bedrooms upstairs, study nook, and 2 smaller rooms downstairs with complete bathroom.
- Spa bath
- Balcony on the second floor looks over water, and allows for good star gazing
- Huge deck area and pool to take advantage of the view
- if you are into fengshui, the house is quite well designed
- Really private area of Robina.
- Built really high so even with floods and rising water levels, it won't be an issue. I've heard that fishing is not bad too.
Negatives
- This is a house that needs ongoing maintenance.
- Huge deck needs to be oiled yearly.
- Need to hire a gardener to mow lawn and clip scrubs
- Not a great location for rentals.
- Pool doesn't have a fence that complies with regulations.
- if you aren't into fengshui, you will hate this house. There are so many pentagon shapes throughout.
Research:
Land value: $540,000
Listed $295,000 last year in A$2002 (probably just land). $170,000 in 1993 (probably just land).
Really great presentation by the agent, and he is super helpful and knowledgeable about the property too. Owners are selling up (already have a property) and getting a property need the university for their kids. 10 year old property, looks in good condition, need probably about $20,000 to make it a home- new pool gates to comply with legislation, reoiling deck (big deck, needs to be reoiled each year), needs new carpet and probably a fresh coat of paint.
Repayments: approximately $5268/ month + water/rates approximately + insurance
I think this property is priced pretty well for the location. I would place an offer for $835,000 if I had to live there (it's close to my current workplace), about 35 minutes to Griffith uni (no traffic) and 10 minutes to Robina Town Center. Not great as an investment rental property. Location isn't really close enough to schools or to work places to warrant rents that would cover the mortgage. Capital gains from the land though will be the most likely area of value.
This is a good buy for capital growth. And a great home on the Gold Coast.
Large 5 bedroom waterfront house in Robina.
4 bedroom + study, 3 bathroom, 1023 m2, asking A$850,000- $900,000
Positives
- Rents about $1000/ week.
- Good price range for a property this size, and waterfront. At the peak of the last cycle, this house would have sold for at least $1 million.
- Close to shops- Robina Village is just around the corner. Robina SS, All Saints, and other schools within 15 minute drive. Q Super center within 5 minute drive. Bond University is only 10 minutes away.
- Really close to good parks
- large double garage, and plenty of space to park inside security gates.
- all the standards for a house this size- built in wardrobes, double + bedrooms upstairs, study nook, and 2 smaller rooms downstairs with complete bathroom.
- Spa bath
- Balcony on the second floor looks over water, and allows for good star gazing
- Huge deck area and pool to take advantage of the view
- if you are into fengshui, the house is quite well designed
- Really private area of Robina.
- Built really high so even with floods and rising water levels, it won't be an issue. I've heard that fishing is not bad too.
Negatives
- This is a house that needs ongoing maintenance.
- Huge deck needs to be oiled yearly.
- Need to hire a gardener to mow lawn and clip scrubs
- Not a great location for rentals.
- Pool doesn't have a fence that complies with regulations.
- if you aren't into fengshui, you will hate this house. There are so many pentagon shapes throughout.
Research:
Land value: $540,000
Listed $295,000 last year in A$2002 (probably just land). $170,000 in 1993 (probably just land).
Really great presentation by the agent, and he is super helpful and knowledgeable about the property too. Owners are selling up (already have a property) and getting a property need the university for their kids. 10 year old property, looks in good condition, need probably about $20,000 to make it a home- new pool gates to comply with legislation, reoiling deck (big deck, needs to be reoiled each year), needs new carpet and probably a fresh coat of paint.
Repayments: approximately $5268/ month + water/rates approximately + insurance
I think this property is priced pretty well for the location. I would place an offer for $835,000 if I had to live there (it's close to my current workplace), about 35 minutes to Griffith uni (no traffic) and 10 minutes to Robina Town Center. Not great as an investment rental property. Location isn't really close enough to schools or to work places to warrant rents that would cover the mortgage. Capital gains from the land though will be the most likely area of value.
This is a good buy for capital growth. And a great home on the Gold Coast.
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