20 Coonil Crescent MALVERN

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Minimal ongoing outgoings
Higher risk as newer precinct

Concerns

Requiring significant additional cash to purchase price
Poor street
Other properties in the street could be a negative issue
Mal James
Mal James
0408 107 988
[email protected]

Comments on 20 Coonil Crescent MALVERN

I have rated this as a serious reno and if it was not staring up at the Cabrini juggernaut, then this would be an easy decision to make up to price point, well above the current quote.

Meaning it's a "good bones" house if you want a major reno. It's livable or rentable while you get your plans done - which would be to keep the front - good sized rooms and lovely feel and façade - demolish and rebuild the ugly box that has been tacked on at some stage in the past out the back - meaning kitchen and living.

You have north light from the rear and brilliant parking for the area, via the side and well as a generous garden size.

So it's the Big Boy in your face versus great bones to build a sanctuary in an otherwise excellent location.

JAMES AUCTION REPORT 12.8.17

Agent Quote: $3,300,000 - $3,600,000

On Market: $3,650,000

Result: $4,050,000 Bought, under the hammer

Crowd: 70

Bidders: 2

What Happened: Auctioneer Andrew Boyce opened with Vendor Bid of $3,300,000. Two bidders continued the bids at a steady pace, when Mr Boyce could finally take a breath the home was announced On the Market. Bidder 1 held strong and the home was sold for $4,050,000.

James Value Analysis: This was a strong result on a home opposite the hospital with a very poor reno. Above expectations. Quoting was ethical and professional.


Advice that Matters

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

4
Bedroom
3
Bathroom
2
Parkings
787sqm
Land Area
Floor Plan Agent

Sold - 12:00 PM Aug 12 2017

Quote $3,300,000 - $3,600,000

North Facing

Full James Rating Sheet

Advice that Matters

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