25 Walerna Road GLEN IRIS

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

Limited Backyard
Significant slope issues
Poor On Block Position
Poor kitchen position
Poor flow front to back
Mal James
Mal James
0408 107 988
[email protected]

Comments on 25 Walerna Road GLEN IRIS

25 Walerna is all about not quite right – but for me, it is all quite right.
 
It feels good – the location is Glen Iris A circle for families – this part of Melbourne is filled with people who come here via choice not a necessity. Close to everything. Walerna itself is a bit of a plain street – but overall the position is A grade.
 
The property – well, everything is slightly less than perfect, from the slope on the land, poor position of the house, tandem garage, central kitchen and …… BUT it feels wonderful – it has a really good feel and unless the new buyer is a moron, it will have that feel for a long time – perfect two child home.
 
Price – if this was perfect, the market would demand high $3ms with this feel – but it’s not perfect and so low $3m’s is a real chance. At low $3m’s this turns into a smart buy as is big land content (which can have a new home on it in the future subject to council approval), with an almost free home.
 
I like this offering a lot for anybody with low $3m looking for a good long term buy.
 


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4
Bedroom
2
Bathroom
2
Parkings
700sqm
Land Area
Floor Plan Agent

Sold - Oct 16 2021

Quote $2,500,000 - $2,700,000

East 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.