20 Findon Crescent
BOUGHT* - $0
Bought before Auction

 

20 Findon Crescent KEW

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

No obvious concerns on first impression
Mal James
Mal James
0408 107 988
[email protected]

Comments on 20 Findon Crescent KEW

Rated as land only

It may seem a bit rad but for me, I think the best use of this home is as a development site. It has brilliant street frontage with Findon, laneway and off Miller as well - combined with no heritage overlay - good location and excellent land size. All STCA.

Now that may seem cruel, as the house is very much liveable or rentable - big and with a northerly aspect - so hey if you like it, then I'm full of it and do what you think is best.

But for me at this price level the home is awkwardly placed - side entrance is yuk and it flows poorly.

Having said all that, it's a perfectly good home and its only that I'm thinking best use is something else - that is perhaps making me overly critical of the period building.

Maybe buy and lop off the back - but you would need to buy well - as you would lose a fair bit on the remainder.

Next door sold off market last year in the early $3m's - same land size without the rear access at $2500 per sqm - Up it a bit in 2017 at $3,000 per sqm and we are looking at the bottom part of the quote with a free house.

And maybe that's it - stretch and buy now - live in it for 5 to 10 years and then bulldoze and build the dream or split the block if you get a divorce and share the kids over the back fence.

What bored me a bit on first glance excited me upon reflection.


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5
Bedroom
2
Bathroom
4
Parkings
1,212sqm
Land Area
Floor Plan Agent

Sold - 12:00 PM Sep 9 2017

Quote $4,000,000 - $4,300,000

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.