43 Seacombe Grove BRIGHTON

Comments on 43 Seacombe Grove BRIGHTON

No quote is allowed under Executor's  instructions, but circa $8m is what they may say if they were giving a quote. Interesting variables in this one are the quality of the view - it is strong - and how much extra this is worth. The ability to rebuild close to the front (STCA) and therefore take advantage of this incredible view is another plus. And finally there is a question as to what is the actual land size that prospective buyers will use in their calculations. This is far from a "normal" block. Brighton waterfront has been going at around $10,000 per sq metre for a few sales now, but $12 million wouldn't seem right for this home given a lot of the block would be classified as driveway access. So is it in fact a 600 sqm  or 800 sqm or 1000 sqm block plus driveway? And is the market still at $10,000 per sqm for land as it was in recent sales at Mytton  and Shandford - regarded as one of Melbourne's best streets? Rated as land only and the rating reflects the issues to consider - overall it is on the the blocks that will hit the auctions this year.