PASSED IN - $2,410,000

Only a block from Albert Park beach, this property certainly drew a crowd. But despite its position and a great preamble by auctioneer Karl Gillon for Abercromby's (with Buxton), the home failed to sell at auction today. Opening with a vendor bid of $2,300,000, Mr Gillon valiantly extracted bids from two parties, but after conferring with the vendor, was for...

Crowd Numbers: 65 people
Bidderman: 2 bidders

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144 Danks Street ALBERT PARK

Item: 144 Danks Street ALBERT PARK
Rating: 663
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

Good rental prospects

Minimal ongoing outgoings

Concerns

Requiring significant additional cash to purchase price

South facing rear (negative light issues)

James Home Ratings
03 9804 3133
[email protected]

Comments on 144 Danks Street ALBERT PARK

Great opportuinity to renocvate with this property - land size and corner position the key here and that will afford buyers many options. Although house must stay it is a preety style and if restored well will come up a treat. Rated as land only here - southern rear orientation, outlook to the back and building risks the main concerns here.

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8 Bedroom	1 Bathroom	2 Parkings	504sqm Land Area
Floor Plan	Agent	Private Sale	Quote $2,400,000+	West Facing

Assess Question: Is this property a good home?