29 Hambleton Street
BOUGHT* - $3,281,000
Auction review pending completion

Crowd Numbers: 100 people
Bidderman: 3 bidders
 

29 Hambleton Street ALBERT PARK

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Good rental prospects
Seemingly low additional cash required after purchase
Minimal ongoing outgoings

Concerns

Touches other properties
No separate laundry
No cooling
Mal James
Mal James
0408 107 988
[email protected]

Comments on 29 Hambleton Street ALBERT PARK

It's a single fronter that has been renovated to a good, without being WOW standard with excellent rear access parking in a nice part of the world - Albert Park.

Close to trains, shops, beach, CBD, swim centre and more - all with the block having a northerly aspect for light and winter warmth.

Room sizes are typical for the standard 5m width that is this single fronter, bathrooms located in the right spots as are the bedrooms - two up and two down. The garage doubles as a play area, studio or possible extra bedroom - not sure where the laundry is though - missed that.

Anyway it's a Albert Park bellwether - is single fronted, double storey on good land with good, but not great finishes (at this price level).

And what do these bellwethers currently go for? $3m give or take - wow hey! In Brighton that's a basic home on double or even triple the land - such is the demand In Albert Park now for families, couple, downsizers - even investors for these types of homes.

Some thoughts on other properties

231 Bridport Street - sold for over $3m - no carpaking - but wider offering and better finishes? And that makes a difference.

287 Richardson Street - also over $3,000,000 - better finishes, parking mmmm?

342 Montague and 97 Page - both over $3m - even though single fronters, different offerings

Then the unrenovated - 198 Page and 374 Montague - below $2.5m

The WOW factor of complete and lack of stock says $3m ish


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
4
Bathroom
1
Parkings
207sqm
Land Area
Floor Plan Agent

Sold - 12:30 PM Jun 24 2017

Quote $2,800,000 - $3,050,000

North 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.