23 Berkeley Street HAWTHORN

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
Higher risk as newer precinct

Concerns

Adjoining properties could be a negative issue
Mal James
Mal James
0408 107 988
[email protected]

Comments on 23 Berkeley Street HAWTHORN

This is as good as it gets - with maybe the exception of its neighbour - which coincidentally we bought several years ago for a client. As good as it gets for location, as a building block for a new low maintenance townhouse or grand 3/4 home - as good as it gets for long term land quality - street frontage and court location - as good as it gets on Scotch Hill.

There is little the new owner has to fear going forward, except perhaps any possible impact a new neighbour to the north may have - I think there is also some view features to play with in the north-eastern corner.

This is truly one of the best build blocks (STCA) I have seen in Hawthorn for a long time AND it already has a very serviceable home on it - this would rent out well - even be lived in well; floor plan is ok, garage is nothing exciting but ok and you have a relatively private easterly courtyard - flow of the home is good - as is the formal and informal mix. In fact, the more I think about this the more I considered rating this as an existing home - it is - but long term I feel its best use is as a new build site.

This property will be fought over by many and be fought over very hard - the upside to the purchaser is, this will happen if they choose to resell in the decades to come - this truly is a once a year (maybe once every few years) offering and if in any doubt, remove that doubt and go as hard as you can and then some to be the buyer.

Cannot recommend this more highly.


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
4
Parkings
729sqm
Land Area
Floor Plan Agent

Private Sale

Quote $4,100,000 - $4,500,000

West 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.