42 Illawarra Road
BOUGHT* - $1,725,000
Rain was on the side of the selling agents at the top of Scotch Hill today. Auctioneer David Gilham clarified some confusion around land size then got the auction away in front of a confusion of umbrellas as quickly as he could. One bidder immediately shouted out an opening offer of $1,555,000, this was deemed a strong place to open and a second bidder promp...

Crowd Numbers: 100 people
Bidderman: 2 bidders
 

42 Illawarra Road HAWTHORN

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
Simone Clarke
Simone Clarke
0400 304 111
[email protected]

Comments on 42 Illawarra Road HAWTHORN

 

Position and potential are what appeal most about 42 Illawarra Road, and there are many pluses in these respects. Situated right in the heart of Scotch Hill, the home is in a good position on the street, with a rear north-westerly orientation. The tennis court to the adjoining property to the west also adds to the backyard’s sense of space and privacy. As with many properties close by, it is likely this one will be redeveloped. In the short term, potential concerns for those wishing to renovate are the narrow driveway and the current liveability or rentability. These might be overcome, however, with some minor cosmetic work such as painting. This home would best suit a family buyer who is looking to build and has kids enrolled in the area or, due to the strong land component, those looking to invest. It has been rated for Land Characteristics Only.

 


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3
Bedroom
1
Bathroom
2
Parkings
620sqm
Land Area
Floor Plan Agent

Sold - 12:00 pm May 18 2013

Quote $1,300,000+

North 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.