73 Esplanade East PORT MELBOURNE

Comments on 73 Esplanade East PORT MELBOURNE

This townhouse is hard to fault for its type, with good floorplan flexibility and two tandem off-street car parks. Internally the property is liveable and would present well for rental. However, owner-occupiers may consider some upgrade work as it is showing signs of wear and tear. A new kitchen and laundry would give the place a real lift and take the property to another level of comfort, though this does not need to be done immediately. The lack of a backyard is a concern and may be an issue for some buyers. The property does have a small front courtyard which currently isn’t very private but could offer more options if a privacy screen was added in front of the paving. You are part of a body corporate here with an annual fee payable for the common area upkeep, the swimming pool and gym. These type of properties have been popular in the past as they can offer good rental returns and are larger than many of the newer townhouses being built. Buyers may wish to consider the outcomes they want to achieve with this type of property, as at a certain level above $1 million there may be other options available. The recent sale of 57 Esplanade East on 23rd February this year for $1 million (which was slightly smaller than 73 Esplanade) may be a good starting point to help with pricing.