BOUGHT* - $3,610,000

With a big and booming voice, Auctioneer Gowan Stubbings greeted the 80-strong crowd and wasted no time in introducing both himself and the property. Following his spiel and recommendation to purchase the property, Mr Stubbings called for an opening bid but after no movement from the crowd, instead offered a vendor bid of $3,000,000. Calling for advances of ...

Crowd Numbers: 80 people
Bidderman: 4 bidders

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2 Thanet Street MALVERN

Item: 2 Thanet Street MALVERN
Rating: 649
Author: Mal James

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

Seemingly low additional cash required after purchase

Concerns

Restricted or no car access

Poor car garaging

Mal James
0408 107 988
[email protected]

Comments on 2 Thanet Street MALVERN

This is a little ripper if it goes anywhere near the quoted price due to land size and potential - what else can you get for that amount.

Its very livable now and it's a chop and box out the rear as the next step AND you'd need to work some magic (STCA) around the crossover as there is currently no car access.

On land alone, its in the quote AND it's a feel good home - if you are prepared to do some work - then buy it.

Really like this for those on a budget who are prepared to rough it a little for a better long term buy.

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3 Bedroom	2 Bathroom	0 Parkings	743sqm Land Area
Floor Plan	Agent	Sold - 1:00 PM Aug 26 2017	Quote $3,000,000 - $3,300,000	West Facing

Assess Question: Is this property a good home?