BOUGHT* - Undisclosed

In a quiet little cal-de-sac a rather small crowd of 50 people gathered to watch the auction at 9 Alfred Street, Kew. As it turned out the crowd was mostly neighbours with only two bidders placing one bid each. Richard Earle of Jellis Craig opened the bidding with a vendor bid of $3,000,000 and put on an excellent show trying to get a further bid of 25k - fi...

Crowd Numbers: 50 people
Bidderman: 2 bidders

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9 Alfred Street KEW

Item: 9 Alfred Street KEW
Rating: 737
Author: Mal James

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Excellent land content as proportion of price

Lower risk as established precinct

Good area pricing range meaning lower risk on resale

Concerns

Requiring significant additional cash to purchase price

Mal James
0408 107 988
[email protected]

Comments on 9 Alfred Street KEW

Land Only according to brochure and north facing. With across the road selling off market for reportedly north of $4m and not a lot in the house value then this has got to start at $3.3m ish and go north young man; especially if our Chinese friends are back from holidays. Popular opinion says the house will be knocked down - currently its a period repro. Speaking of homes - check out next door to No 9 - nobody would say that No 7 is not different. This land is a real tester for the 2010 market as this is prime Sackville precinct Kew.

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4 Bedroom	3 Bathroom	2 Parkings	1,127sqm Land Area
Floor Plan	Agent	Sold - 3:00pm Feb 27 2010	Agent Declined Quote	North Facing

Assess Question: Is this property a good home?