BOUGHT* - $1,392,000

With the weather looking bleak, auctioneer Iain Carmichael pleaded with the crowd for an opening bid before announcing a vendor bid of $1,240,000. Within moments a bid was made by a couple for $1,260,000, and from that point on there were four bidders eagerly vying for the Malvern East property. With a lot of interest in the property, the bidding reached $1,...

Crowd Numbers: 60 people
Bidderman: 4 bidders

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12 Albert Street MALVERN EAST

Item: 12 Albert Street MALVERN EAST
Rating: 582
Author: James Home Ratings

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Excellent land content as proportion of price

Lower risk as established precinct

Good area pricing range meaning lower risk on resale

Concerns

Requiring significant additional cash to purchase price

Significant slope issues

James Home Ratings
03 9804 3133
[email protected]

Comments on 12 Albert Street MALVERN EAST

Honest single level original home in a neat Malvern East street. Although liveable, this would benefit from renovation, particularly via a modern extension to the rear. Hill position not ideal - house does sit down a little from the street and this affects appeal to an extent, Backyard is private and a good size yet the level of this is somewhat lower than the internal floor level of the house, making indoor/outdoor connection not ideal. Rated as land only - with a clever renovation this could rate in the early 700's.

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3 Bedroom	2 Bathroom	2 Parkings	689sqm Land Area
Floor Plan	Agent	Sold - 10:30am Aug 28 2010	Quote $1,250,000 - $1,350,000	East Facing

Assess Question: Is this property a good home?