PASSED IN - $2,640,000

In the strong afternoon heat auctioneer Robert Harvey stepped out asking for a bidder to answer to his vendor bid of $2,500,000. The curious crowd of 60 including an elderly past owner of the property watched on from pockets of shade. Two bidders cautiously joined in and the price rose tentatively to pass in for negotiation at $2,640,000. ...

Crowd Numbers: 60 people
Bidderman: 2 bidders

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396 Barkly Street ELWOOD

Item: 396 Barkly Street ELWOOD
Rating: 747
Author: James Home Ratings

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Excellent land content as proportion of price

Lower risk as established precinct

Good area pricing range meaning lower risk on resale

Concerns

Requiring significant additional cash to purchase price

James Home Ratings
03 9804 3133
[email protected]

Comments on 396 Barkly Street ELWOOD

Great property with genuine original charm and bay views. Land size is generous at just under 1000m2, and car access is good from the rear. This is a very special property - hard to go wrong here if renovated well. Rated as land only as serious work ahead to transform this.

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4 Bedroom	1 Bathroom	2 Parkings	981sqm Land Area
Floor Plan	Agent	Sold - 2:30pm Mar 20 2010	Quote $2,600,000	East Facing

Assess Question: Is this property a good home?