51 St Vincent Place
PASSED IN - $2,800,000
On a cloudy but comfortable day at one end of the boom-era Rochester Terrace row in St Vincent Place, Geoff Cayzer evoked a picture of the transformations of the famous street over the years. The burghers of various trades and professions who'd lived there and its post-1970s recovery from being a tenement building were described with some warmth. Unfortunate...

Crowd Numbers: 100 people
Bidderman: 0 bidders
 

51 St Vincent Place ALBERT PARK

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Lower risk as established precinct
Good area pricing range meaning lower risk on resale
Lower risk established look

Concerns

Poor rental prospects
Requiring significant additional cash to purchase price
South facing rear (negative light issues)
Mal James
Mal James
0408 107 988
[email protected]

Comments on 51 St Vincent Place ALBERT PARK

This Victorian terrace is a very rare offering in one of Melbourne's most expensive and tightly held streets. The property has strong period appeal that is further enhanced by the views over St Vincent Gardens from a broad north-facing balcony. The property is liveable as is, however buyers will see this as an opportunity to undertake significant renovation work and add their own style to the property. What may concern buyers is the property's location on the corner of Montague Street, as the tram and an increase in car traffic may add extra noise. The recent sale of the renovated period property at 35 St Vincent Street for under $3.4m may help with pricing. For the purpose of this rating the property was rated as a significant renovation.


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4
Bedroom
2
Bathroom
2
Parkings
298sqm
Land Area
Floor Plan Agent

Sold - 12:00pm Mar 23 2013

Agent Declined Quote

South 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.