34A Scott Street ESSENDON

Benefits

Seemingly low additional cash required after purchase
Area distance from CBD
Above average precinct for general area
Within normal walking distance to rail
Distance to major supermarket

Concerns

Minimal land content as proportion of price
Poor rental prospects
Higher risk as newer precinct
Possible overcapitalisation meaning higher risk on resale
Possible dating issues
Poor Street Frontage
Touches other properties
James Home Ratings
James Home Ratings
03 9804 3133
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Comments on 34A Scott Street ESSENDON

This is one of the better townhouses I have seen - in fact I'm going out on a limb to say it feels exceptional. Three levels are serviced by a lift that will easily fit 3 or 4 people, Two big living areas have great outlooks: one over Clarinda Park and the other over the alfresco area and pool. The master bedroom is also well-positioned to take advantage of uninterrupted views over the park. The carpeted top floor minimises noise to the living spaces, the kitchen is great with its butler's pantry, the double garage is a bonus for townhouse living, and the list of features goes on. You can walk to Aberfeldie Park and the Maribyrnong River in a few minutes, and there are lots of options for cafes, schools, and transport. Side-by-side townhouses are still relatively new to Melbourne real estate, and it is fair to say that there is not yet sufficient data to tell us whether they will hold up from a growth point of view, compared to homes on full blocks. I've met many townhouse buyers who simply want the low-maintenance, lock-up-and-leave type home and are not overly concerned about capital growth. Still, there are lots of things to consider when buying new builds on small blocks.

James Home Ratings's Comments on 34A Scott Street ESSENDON


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
368sqm
Land Area
Floor Plan Agent

Private Sale

Quote $1,900,000

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.