62 Edwards Avenue
BOUGHT* - $1,712,000
Edwards Avenue was filled with people, and cars lined both sides of the narrow street - this is going to be a good auction I thought to myself. The pre-auction inspection was buzzing too, with families, couples and neighbours all clamouring to get a glimpse of what auctioneer Kaine Lanyon described as "the best house of its kind I have seen." Extensively ref...

Crowd Numbers: 85 people
Bidderman: 3 bidders
 

62 Edwards Avenue PORT MELBOURNE

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Good rental prospects
Seemingly low additional cash required after purchase
Lower risk as established precinct

Concerns

Other properties in the street could be a negative issue
South facing rear (negative light issues)
Touches other properties
Mal James
Mal James
0408 107 988
[email protected]

Comments on 62 Edwards Avenue PORT MELBOURNE

There are just over 400 Bank Homes in this area, so they don't come onto the market very often. When they do, they are popular because of their price point and the accommodation they offer. This particular property has been enhanced by a reasonably current renovation and, while the quality of the finishes is patchy in places, the overall feel is good. Concerns for buyers may be the adjoining neighbours and the condition of the other properties in the street. But if you work in the CBD and like the Port Melbourne bayside feel, this property will appeal. The recent sale at auction of  397 Howe Parade (directly behind Edwards) for $1.541m on the 23rd of March may help with pricing. 


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3
Bedroom
2
Bathroom
2
Parkings
304sqm
Land Area
Floor Plan Agent

Sold - 12:30 pm Apr 27 2013

Agent Declined Quote

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.