Wise first-home buyers avoid flood damage, leaving builders to pounce on big Grovedale block
He said the damage to the property, which was being quoted with a $370,000 to $407,000 price range, proved insurmountable for a number of younger buyers.
But two experienced builders could see the potential of the 733sq m block and the old school court location.
“They were fighting it out taking into account all the architectural reports and the money that needs to be spent on it,” Mr Natonewski said.
Flood damage to the three-bedroom house 8 Sturt Court, Grovedale, shied away first-home buyers.Source:Supplied