BOUGHT* - $1,685,000

The setting was gold for this Hawthorn auction. Held in the generous back-garden, the crowd of 50 scattered themselves within the foliage and then kept quiet. Auctioneer Mark Dayman opened with a vendor bid of $1,500,000 after a slow start and gradually two bidders emerged. Some rapid-fire bidding took place and eased off close to the market price of $1,665,...

Crowd Numbers: 50 people
Bidderman: 2 bidders

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29 Hill Street HAWTHORN

Item: 29 Hill Street HAWTHORN
Rating: 627
Author: Simone Clarke

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

Minimal ongoing outgoings

Concerns

Requiring significant additional cash to purchase price

Adjoining properties could be a negative issue

Negative privacy issues

Simone Clarke
0400 304 111
[email protected]

Comments on 29 Hill Street HAWTHORN

Plenty of work ahead yet if done well could all be worthwhile - land size is generous at just under 900m2 and the northern rear aspect will help in terms in bringing in natural light. Width of the block and flats to the western side would present the main concerns here from a buyer';s perspective. Rated as land only.

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3 Bedroom	1 Bathroom	0 Parkings	876sqm Land Area
Floor Plan	Agent	Sold - 10:30am May 22 2010	Quote $1,800,000	North Facing

Assess Question: Is this property a good home?