58 Tennyson Street ELWOOD

Comments on 58 Tennyson Street ELWOOD

Rated as a Serious Renovation:

Wow 58 Tennyson is an exciting project - with equal emphasis on both words - exciting and a project. While it looks sensational from the street, it requires a major reno - which depending on your finances could be done in two parts - basic makeover and live in (stage one) and then when the pennies have been saved and the options thought through - renovate into your dream home (stage two).

Position: this part of the world is at joining point of St Kilda, Elwood and Elsternwick/Caulfield and has been underrated for its location for many years - mainly due to the preponderance of flats and those that they can attract throughout the area - especially back in the 1970's/80's. But that is history and this is now - the area has gentrified to a large degree and the people that were once considered scary are now fewer in number and in a more enlightened society looked on as alternative.

Walking distance to beach, shops, train and some schools - this is brilliantly located on a macro level - even though the road carries some traffic.

Property: Numerous discussion points - lets start with the fact that this Federation style home looks sensational as is - sitting proud on the street and even though she is tired, you can see an exhalation (not just a glint) in her eyes.

Internally the front 4 rooms and upstairs main room are the highlights - they need work but the spaces and feel is excellent.

It's the living and wet areas - the expensive bits unfortunately that need the time, effort and money.

Chop off the back unless you like outside toilet and laundry and replace with a big kitchen and dining area. Ensuites and internal bathrooms and water to upstairs - all serious dollar spends - more than plastic surgery - its major - but it will be worth it.

And so to the rear - surrounded by bigger good and ugly looking buildings, you need some serious planting to create an oasis - but the room is there. The space is big enough for some form of a garage arrangement off the rear laneway which is your only point of car access - although it's B grade - meaning its used - but not a lot. All this and due to land size, you will still have some room for a pool and garden.

I really like this for those that are prepared to dream and do.

And so to Price: Firstly the purchase they are quoting high one's - you are joking!!!. Land in the area is ????? - so how does high one's get a look in.

Lets talk longer term - you pay in the mid $2m's (give or take) and the initial reno is $200k and the longer term one $500k plus - does it make sense?

Absolutely! This is a gem.