40 Sussex Street
BOUGHT* - $3,250,000
A good result from keen bidders in front of a large crowd of around 100 people. Auctioneer Stewart Lopez accepted an opening bid of $2,600,000 and the property was soon on the market at $3,250,000, subsequently selling at that price....

Crowd Numbers: 100 people
Bidderman: 4 bidders
 

40 Sussex Street BRIGHTON

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
Lower risk as established precinct

Concerns

Requiring significant additional cash to purchase price
Mal James
Mal James
0408 107 988
[email protected]

Comments on 40 Sussex Street BRIGHTON

Brighton's Diamond kilometre; one of Melbourne's 6 "has it all" beach precincts and in my humble, completely biased opinion; easily the best.  Walk to train, Church Street shops, cinema and beach - Golden mile Brightonites, your good but you can only walk to the beach easily for the most part. Sussex street is the street within this precinct and no 40 is one of the more affordable, due to land size and home value but it's still going to start at $2.5m and then get interesting from there. The home itself is a "Caulfield special", which as I get longer in the tooth I learn to appreciate more - flat roof, solid build, bedroom separation from living areas but at the cost of rear indoor/outdoor flow. Everything revolves around the central kitchen. Not really a modern day home but would work brilliantly for those in retirement mode or those who just simply like this design. The quality is there but you will have to compete against the developers because this is also a "builders special" and it's hard to overcapitalize in Sussex street unless you're an idiot as growth in this part of the world has been at Melbourne's forefront for decades, almost centuries - my how time flys. Good property this one for many different buyers hence why at auction there will be many different bidders. Good luck.


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3
Bedroom
2
Bathroom
4
Parkings
712sqm
Land Area
Floor Plan Agent

Sold - 12:00pm Feb 27 2010

Quote $2,500,000+

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.