Tuesday, March 07, 2017

We were sold

Hurrah, we were debt free after selling our Glen Iris house, now worth about 1.75 milllion (a lot has been spent on it, including a second storey addition) and moving to our next home, the original renovated house in Burwood with a separately titled unit at the back where Peter and Myra lived, a subdivision.

I was looking on the net at sold property histories and somehow our old Burwood home popped up and it was for auction on the very day I was looking. We bought it for about $119,000 and sold it a bit over a year later for $127,000. Tradie Brother removed the fireplace and plastered over it and built a front timber decking and a front fence. The pink kitchen did not look as bad as it does now. We replaced the carpet and it has been replaced again. In the middle of the decking was a flowering crab apple, a beautiful tree, removed and replaced with a lemon tree? The air con in the wall we put in. Pity there are not more photos. After being in a 1940s house, it was modern and clean living. We still had our two dogs and two cats then and the two cats died of old age. We found our darling missing Thomas under a bush and ready to die. The less darling Tuffy could no longer eat. We took advice from the vet on both counts.

I don't suppose this link will last, but look at the price our short time home is for sale now after being passed in at auction, $695,000.

http://www.realestate.com.au/property-unit-vic-burwood-124688962

After a year being debt free spendthrifts, going to Sydney for a summer holiday, then Mardi Gras, then Sleaze Ball in the same year, we decided we needed a mortgage to make us financially disciplined, and moved, as neighbour said, to be among our own kind, to Balaclava. The accented Italian removalist said 'why you move from a nice place to a dump?' Our Balaclava house was a dump, but not by the time we sold it.

24 comments:

  1. I can do without the discipline of a mortgage. And fortunately have left those days behind.
    How nice that you improved everywhere you lived...

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    1. EC, it is nice to not have one now, but we also more sensible about money now.

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  2. You know you made it when a one house block is sold and two townhouses side by side are built and sold in a snap. You can go in through the garage or the front door but not at the side and they go front to almost back fence, two story. I bet they didn't have the size of the easement I have along the back.

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    1. Indeed Jah Teh. You can build over an easement but it means if anything goes wrong, you have to pay to give access, which could be very awkward if it is under your low sitting house.

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  3. Ahhh...the fun, the hard work and the pride in renovating. My ex and I renovated three houses/homes during our marriage. For a period of time he was in real estate and when we first moved up to the Sunshine Coast (for most of the time we lived at Sunshine Beach) we operated our own real estate company from an office in the lower level of the house we lived in and renovated there.

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    1. Lee, I hope you made heaps of money. We won at times, lost once and broke even once.

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  4. Good luck to you my friend in your new home. Thank you. Love love, Andrew. Bye.

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    1. Thanks, WPW, but that was quite a long time ago.

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  5. I too would love Glen Iris, Balaclava and Toorak, but why Burwood?

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    1. Hels, I really can't remember aside from being tired of debt and what a house costs to keep maintained and perhaps wanting something modern for a change. That was when all our antiques went, mostly sold on consignment.

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  6. Mum and Dad have owned 11 properties in their time together. They improved each one before selling it. They lived in all but one. That one was in Melbourne. They only kept it for 12 months but made a handsome profit on it.

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    1. Gosh Charlie, that is a lot. They must be very experienced. Now, if you sell without having lived in a place, you pay a lot of capital gains tax.

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  7. You have been lucky in one way to buy sell renovate and come out in the front - many don't or haven't.
    We have only lived two houses, one on the farm which wasn't ours, and the house we have owned for long time in the city where we live.

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    1. Margaret, I was never one to move each time we have. There is nothing wrong with staying put, especially financially when I think of what banks have earnt from us, let alone stamp duty.

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  8. It's a nice enough place, although I'd certainly change the colour of the kitchen. I had a look at the floorplan and being me, right away saw some changes I'd make.
    Possibly a lemon tree came in handier than a flowering crabapple.

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    1. River, the crabapple was such a stunning tree when it flowered. I am surprised the kitchen hasn't been replaced since. It was in good condition and not bad for storage space. We got used to the pink.

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  9. It's a real beautiful house ! It's terrible how house prices increased in the last years. My son's house in London is worth 4 times more than when he bought it, good investment !

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    1. Gattina, London is now ridiculous, not that it isn't here either.

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  10. Oh, I love the house. And that back deck....wondrous.

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    1. Sandra, we rarely used the back deck as if faced west and was so hot. The one in the photos is the one we had built and it was used a lot.

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  11. Is it the same decking Tradie Brother put in? Property prices are insane.. we bought our three bedroom two bathroom house over 30 years ago for 49 thousand dollars, imagine that! Last valuation was about the same as your old Burwood home.

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    1. Grace, yes, the large decked area is what TB put in. Having a place worth that much does give you good options in your old age.

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  12. Looks like you guys have done very well with your houses. I just need to take the leap and get in soon before I'm totally priced out of the market!

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    1. Ad Rad, there is never a right time to do such a thing and maybe you could contentedly stay where you are and spend the money on other things.

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