56 Central Park Road
BOUGHT* - $2,680,000
Great setting for an auction - on the street, across the road from Central Park. This certainly highlighted the big plus of the property - it was all about position. In front of around 130 people, auctioneer Iain Carmichael got this auction under-way promptly and placed an opening vendor bid of $2,500,000, then $2,600,000. Just when it looked as though this ...

Crowd Numbers: 130 people
Bidderman: 1 bidders
 

56 Central Park Road MALVERN EAST

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Higher risk as newer precinct
Lower risk established look
Area distance from CBD

Concerns

South facing rear (negative light issues)
James Home Ratings
James Home Ratings
03 9804 3133
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Comments on 56 Central Park Road MALVERN EAST

Signature Gascoigne Estate street and with Central Park a stone's throw away the position of this property is the key plus.  House is very liveable yet many see some work head here - the rear open plan living area is a little tight - yet as this is not affected by the first floor above - any renovation work would be rather straightforward therefore. In addition some basic floor plan tweaks (particularly to bathroom/bedroom areas) would be beneficial. The backyard is not a bad size and is deceiving as the pool and garage do take up some primary space and the access via the rear ROW is a nice bonus. Although the house has good street presence, the façade is not a classic one for the precinct (i.e. Edwardian) yet it could be further improved with some restoration work (i.e. reclaim veranda) and updated landscaping.

 


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4
Bedroom
2
Bathroom
2
Parkings
815sqm
Land Area
Floor Plan Agent

Sold - 12:30pm Feb 18 2012

Quote $2,500,000+

South 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.