Tuesday, April 29, 2008

167 Arthurton Road Northcote

In 1991 I purchased this property. I had the intention of making renovations while living in it. But durting the settlement period I moved to Adelaide. After 18 months there I came back to Melbourne. For a while I house sat a freinds house in West Melbourne, before moving to Kallista. My work friends called me a slum lord, but I also charged a low rent. Since then I have lived in Sydney.

The front of my old house The rear of my old house

I paid for an architect to produce a design for the creation of three units. However, after getting all the building approvals, it came to be time get the loan. I looked at the amount of money and the profit margins and decided that there was too little margin to cover the risk of rising costs. So I sold the property with the plan and permit. The builder has completed the rebuilding. Here is the result.

167 Arthurton Road Northcote 167 Arthurton Road Northcote

167 Arthurton Road Northcote 167 Arthurton Road Northcote 167 Arthurton Road Northcote

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