This home could be great (for a first home) as you can move right in and get in with an affordable budget. They could slowly do it up (and build upstairs with it as well?) and end up with a decent looking home over time and grow into it with a 10 year plan to upgrade so as to use it as a stepping stone. Otherwise you'd buy it for the land and start again..
Walter is the Principal Buyer Agent at BuyerX in Sydney’s Woollahra & Waverley office, and is one of the highest grossing buyer’s agent in the country after spending the last 5 years at one of Australia’s largest buyers agencies, where he continually ranked in the top 5 agents and covered properties valued between $500,000 and $13.5 million.Having worked alongside and coached many of Australia’s top performing agents he is a master of understanding the real estate sales process and structuring a successful transaction.