Went to an auction Saturday in our street, close to Henderson so
good location, ok house, 3 bed, lockwood but right below another house
and very little privacy. CV 295k and only 1 bid at 230k, no one interested
at 240k. Must say was surprised, and disappointed a little as we own a
little villa up the road and wonder what the state of the market really is.
Based on the previous post even at 240k and 320 a week rent it's only
a yield of 6.93%. Perhaps no investors around at the moment but you
would think a first home buyer could be enticed at 55k under CV.
George