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Renovated inner-city cottage to spark battle of first home buyers

first_imgMore from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours ago11 Grove Street, Albion, is for sale.He said most inner-city homes within the entry-level price range were almost uninhabitable, but this house “ticks all the boxes”.“On the north side of Brisbane, one or two per quarter might come up that fit that criteria — within that price range, in good enough condition to move in but also with the opportunity to renovate in the future,” he said. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE This cottage at 11 Grove Street, Albion, is for sale.IT will be the battle of the first home buyers when this super cute, turn-of-the-century workers cottage goes under the hammer on Thursday night.If you’re a would-be first home buyer in Brisbane, you know how hard it is to find a three-bedder within 4km of the CBD that needs nothing done to it and comes with a budget price tag.But that’s what’s up for grabs at 11 Grove Street, Albion. 11 Grove Street, Albion, is for sale.Ray White Wilston principal Alistair Macmillan said the property had generated 150 inspections during its four-week campaign. Mr Macmillan said it was rare for a three-bedroom home in great condition so close to the CBD to become available at an entry-level price point. 11 Grove Street, Albion, is for sale.And don’t worry about being outbid by an investor because all the interest in the property has come from owner-occupiers.“Our strongest portion of the market right now is entry-level buyers,” he said.center_img 11 Grove Street, Albion, is for sale.The house is on a 405sq m block and features original pressed metal ceilings, tongue and groove walls and polished floors.An extension offers an updated kitchen, living and dining areas and a large back deck. 11 Grove Street, Albion, is for sale.Mr Macmillan said the beauty of the place was that the buyers could move straight in or choose to renovate further. Albion train station is within walking distance and a range of restaurants are just around the corner.According to Corelogic, the median house price in the suburb is $705,000.last_img

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