Following my previous property purchase thread

D

DrewChan

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Should I buy a 1 bedroom in the vicinity of the beachfront [say 1 - 4 roads away]
A 2 bedroom in a slightly less Desirable location - sayyy.... 6 minute drive.

Both tiny and the same price,

2 bedroom 40m/2 - away from beach
1 bedroom 32m/2- near beach

A friend recommended I rather rent till I find something I really want but so tired of paying rent
 
Easier to just walk to the beach when closer and you will go often, if you buy father away it becomes a pain to drive down.
 
2 bedroom 40m/2 - away from beach

Insurance wont cost you a lot.

Plus you can walk to the beach as part of training.
 
32sqm? Ever so slightly bigger than a double garage... Personally I couldn't live with that much space but there's a lot of people that can and do. I'd buy the one near the beach if I had to choose. As you said both are tiny. At least if you want some air you can walk on the beach with the one. I'd imagine the 2 bedroom has smaller bedrooms than the 1 bedroom.
 
DrewChan said:
Should I buy a 1 bedroom in the vicinity of the beachfront [say 1 - 4 roads away]
A 2 bedroom in a slightly less Desirable location - sayyy.... 6 minute drive.

Both tiny and the same price,

2 bedroom 40m/2 - away from beach
1 bedroom 32m/2- near beach

A friend recommended I rather rent till I find something I really want but so tired of paying rent
Click to expand...

Geez, my bedroom is about the size of the smaller flat. That's ridiculously tiny.
 
This isn't really buying to live in for a prolonged time - its just a first apartment to either eventually sell or let, so question is more- which would be the better investment-

PS I can live in a cardboard box as long as I have my big screen TV, bed and computer.

As an additional question what should I look out for when viewing flat-

Obvious ones I know:

Peeling paint,
Plugs switches,

I am only getting a unit with prepaid electricity
Additionally only getting a unit where Levy includes water
 
The tiny 2 bed won't really appreciate all that much to be honest. You'll have more space in the slightly smaller 1 bed and on the beach means it will appreciate in line with the other properties, relatively speaking.

Personally, I wouldn't live in either, but if I was forced to make a choice it would be the 1 bed.

Remember that if this is short-term, then you're probably better off renting for the time being. The costs involved in the sale need to be factored in here...
 
DrewChan said:
This isn't really buying to live in for a prolonged time - its just a first apartment to either eventually sell or let, so question is more- which would be the better investment-
Click to expand...

I would think the closer one would more in demand with holiday renters..
 
DJ... said:
The tiny 2 bed won't really appreciate all that much to be honest. You'll have more space in the slightly smaller 1 bed and on the beach means it will appreciate in line with the other properties, relatively speaking.

Personally, I wouldn't live in either, but if I was forced to make a choice it would be the 1 bed.

Remember that if this is short-term, then you're probably better off renting for the time being. The costs involved in the sale need to be factored in here...
Click to expand...

A friend of mine said the same - surely renting you are throwing away 4k+ a month for nothing.... with a minimum of a years lease It would cost me 48k too rent -

How does that compare to the additional costs when purchasing an apartment
 
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