5 Jennings Street
BOUGHT* - $1,850,000
Huddled in the driveway under the plane-tree stood a crowd of 40, sheltering from the cold and wind. For a long while only the noise of a low flying plane interrupted the peace and quiet in this Mediterranean-inspired front yard. After opening with a vendor bid of $1,700,00, and then conferring with the vendors, three bidders finally showed their hands. Howe...

Crowd Numbers: 40 people
Bidderman: 3 bidders
 

5 Jennings Street SANDRINGHAM

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Minimal ongoing outgoings
Lower risk as established precinct

Concerns

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

Comments on 5 Jennings Street SANDRINGHAM

The property facade has a feeling of grace and charm, however, the interior is in much need of an upgrade to bring into line with current living expectations.  Positioning of the kitchen has no relationship with the family room or outside entertainment area.  Bathrooms are basic, ceiling heights around the laundry area are varying and bedrooms are over split levels upstairs.

I have therefore rated this property as land only.  What a position - beach a short stroll away, park/tennis courts at the rear, quiet street and easy walk to the Village and trains.

The big question here is how much?  Properties to consider could be 16 Tennyson , Sandringham (granted south facing rear) sold in October for $1820 p/sqm, 9 Bayview, Black Rock in November for $2,327 p/sqm and 7 Surf, Beaumaris sold last week $1853 p/sqm.  Also, what is the house worth considering what needs to be done?

An important sale to start year off and I look forward to the result.


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4
Bedroom
2
Bathroom
2
Parkings
749sqm
Land Area
Floor Plan Agent

Sold - 12:30pm Feb 27 2010

Quote $1,675,000

East 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.