9 Gowar Avenue
BOUGHT* - $0
Bought before Auction

 

9 Gowar Avenue CAMBERWELL

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Higher risk as newer precinct
Lower risk established look

Concerns

Requiring significant additional cash to purchase price
Poor flow front to back
Tight doors/hallways/stairs
Mal James
Mal James
0408 107 988
[email protected]

Comments on 9 Gowar Avenue CAMBERWELL

This home has a warm and cosy feel despite there being accommodation of 4 bedrooms plus an optional 5th bedroom. The backyard faces north and the location is popular with growing families. It is move in ready. Although the home has flexibility in how families can best utilize the rooms to suit their needs, eg establish a home office, the overall design thought is not up to 2017 expectations. Many would want to open up the rear kitchen/family area however, where would the bedrooms then go? If you want to go up then you can look at 10 Gowar which sold for almost $3m earlier this year in a quiet sale.

However, many will see this property as a good sized yet affordable block with the prized north orientation and some elevation from the street; an opportunity to build a proud new home. Recent sales in the area suggest demand for this scenario - 20 Glyndon Rd on similar land size just sold for $2.41m which is almost $3,400 sqm.

This home is not one that many buyers will want to improve upon - there are homes with better floorplans in neighbouring streets for sale at present - this home is for families who want a modest, relaxed home base. This land however, has characteristics worth fighting for.

Most buyers and your competition will see this as a good land opportunity to build a dream home.


Advice that Matters

James Buy Sell works across Melbourne’s top-end property market to help our clients make smart real estate decisions.

4
Bedroom
2
Bathroom
2
Parkings
707sqm
Land Area
Floor Plan Agent

Sold - 10:30 AM Oct 21 2017

Quote $2,200,000 - $2,400,000

North Facing

Full James Rating Sheet

Advice that Matters

James Buy Sell works across Melbourne’s top-end property market to help our clients make smart real estate decisions.