BOUGHT* - $3,415,000

A large crowd saw auctioneer Gowan Stubbings start with a vendor bid of $2,950,000. Mr Stubbings went inside to talk to the vendors and when he arrived back the bidding war started. Four bidders gave their intentions, on the market at $3,325,000 but in the end only one bidder had the keys. Their winning bid bought the property for $3,415,000...

Crowd Numbers: 150 people
Bidderman: 4 bidders

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17 Ascot Street MALVERN

Item: 17 Ascot Street MALVERN
Rating: 767
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

Area distance from CBD

Above average precinct for general area

Concerns

Possible overcapitalisation meaning higher risk on resale

Poor cladding

Poor flow front to back

James Home Ratings
03 9804 3133
[email protected]

Comments on 17 Ascot Street MALVERN

If you are not a fan of exposed concrete bricks inside and out - this may not be your house. It certainly grabs your attention - in some ways it is overpowering. The construction and design was inspired by the National Gallery of Victoria and the 6 metre ceilings and sweeping views of water certainly remind you of the gallery. But we are now in a quiet corner of Malvern , just opposite Spring Road Gardens, with houses designed in a more traditional manner, so think "Who will be the next buyer"?.But if you like it - go for it - it has space, light and vision.

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4 Bedroom	4 Bathroom	3 Parkings	833sqm Land Area
Floor Plan	Agent	Sold - 1:00pm Mar 27 2010	Quote $2,800,000+	North Facing

Assess Question: Is this property a good home?