193 George Street EAST MELBOURNE

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
Lower risk established look

Concerns

Requiring significant additional cash to purchase price
Adjoining properties could be a negative issue
South facing rear (negative light issues)
Below average bathroom size
Poor flow front to back
Interrupted floor levels
James Home Ratings
James Home Ratings
03 9804 3133
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Comments on 193 George Street EAST MELBOURNE

This mid-Victorian era home certainly has a lot of history in its  walls. At one point it became six separate apartments, but it lives again as one enormous rambling residence on approximately 1200 square metres. There are nooks and crannies everywhere, dressing rooms, and stairs that lead nowhere. There are striking wooden ceilings and a huge three-room underground cellar. In truth, it is a difficult floorplan for a modern family to contemplate having a cohesive life in. This is all about the romance of drawing rooms and libraries and stables and it is not hard to indulge a vision of the place as an upscale boutique hotel. The disconnected levels and quirky spaces could provide privacy and intimacy – the property would really rediscover its status. The investment challenges of such a dream would be huge, along with managing the parking, and getting council approval for practically everything. There is currently space for five cars at the side, as well as separate lane access to another building at the rear. This home deserves a grand vision whatever the future holds. It will be interesting to see what comes next for the esteemed East Melbourne asset.


Advice that Matters

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

6
Bedroom
7
Bathroom
5
Parkings
1,200sqm
Land Area
Floor Plan Agent

Passed In - 1:30pm Sep 14 2013

Quote $10,000,000

South Facing

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Advice that Matters

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