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PASSED IN - $2,900,000
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With its strong street presence in a highly regarded street, this is a property worth considering - as long as you can make the figures add up. The home sits in the section of the street which has consistently large period homes on bigger blocks. The house itself has a quality period facade, supported by a classically-designed front garden on a wide frontage. But, while it has a relaxed, Californian-style feel and sits on a prized north-facing block, it could do with some improving. As it stands, it wouldn't meet most families living expectations at this level: the kitchen/family extension is rather small and the pool, carport and landscaping are outdated. The key question is how to improve this property to enhance your family's lifestyle, happiness and financial goals. Renovate or rebuild a section? Extend to the side or even underground? Whatever you decide, the sale of the fully renovated and modernised 81 Kerferd next door in 2007 for almost $4 million, supports the potential to add value here.
A fairly standard double-fronted brick Edwardian, in a premier Malvern East location. Although this home has been updated to the rear in the past, many will put limited value in this work as room sizes are small and the layout not ideal. It is hard to go wrong here as location and rear orientation are first-rate, and the generous block width to the eastern side really helps with affording good options for car accommodation / access. A solid recent sale for a renovated timber version on less land in nearby Coppin Street in the early $3m's could prove a good comparable. A completed version here if done well would sell for more, one suspects.
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4
Bedroom
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2
Bathroom
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2
Parkings
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897sqm
Land Area
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| Floor Plan | Agent |
Sold - 1:30pm Nov 24 2012 |
Agent Declined Quote |
North Facing |
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Crowd Numbers: 40 people
Bidderman: 1 bidders