1 Greig Street
BOUGHT* - $2,140,000
The crowd that surrounded this property spread out far and wide, appreciating the various vantage points that the home provided. Auctioneer Warwick Gardiner gave this property a glowing review, noting that this home is the “bluest of blue chips”. The introduction obviously appealed to the audience, as five bidders threw up their hands in order to out-bid...

Crowd Numbers: 90 people
Bidderman: 5 bidders
 

1 Greig Street ALBERT PARK

Benefits

Growth above average metro in last decade
Excellent land content as proportion of price
Good rental prospects
Seemingly low additional cash required after purchase
Minimal ongoing outgoings

Concerns

South facing rear (negative light issues)
Touches other properties
Poor car garaging
Mal James
Mal James
0408 107 988
[email protected]

Comments on 1 Greig Street ALBERT PARK

Position:

Unquestionable with regards to position - it's almost Albert Park's best and the rear laneway for car access is second to none.

Property:

Typical Greig St renovated beauty (STBI)

Side lane gives good light into the living spaces and can't be built out

Solid brick downstairs - upstairs a mixture of timber and brick

Excellent rear car parking

Good bedroom separation - Upstairs works with study and master and terrace. Two downstairs beds works ok around a well located central bathroom - bigger than 3m. Good size

Hydronic heating

Laundry internal (not great, but OK)

$1000 per week rental according to agent

Price:

Have been a number of sales in the street at the quoted level and above and this is the formula that works. We have bought in the street before. This one is about - don't pay too much v don't miss to somebody else.


Advice that Matters

James Buy Sell works across Melbourne’s top-end property market to help our clients make smart real estate decisions.

3
Bedroom
2
Bathroom
1
Parkings
165sqm
Land Area
Floor Plan Agent

Sold - 1:30 PM Feb 20 2016

Quote $2,000,000

South Facing

Full James Rating Sheet

Advice that Matters

James Buy Sell works across Melbourne’s top-end property market to help our clients make smart real estate decisions.