BOUGHT* - $6,240,000

Forming a horseshoe within the picturesque front garden of this homestead, the expectant crowd saw auctioneer John Bongiorno open proceedings with an authoritative vendor bid of $5,000,000. This was hastily followed by a genuine bid of $5,300,000 then a series of increments from 4 bidders until reaching a sale price of $6,240,000....

Crowd Numbers: 200 people
Bidderman: 4 bidders

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16 Mercer Road ARMADALE

Item: 16 Mercer Road ARMADALE
Rating: 684
Author: James Home Ratings

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Excellent land content as proportion of price

Above average precinct for general area

Within normal walking distance to rail

Concerns

Requiring significant additional cash to purchase price

South facing rear (negative light issues)

James Home Ratings
03 9804 3133
[email protected]

Comments on 16 Mercer Road ARMADALE

This house offers great potential. About 1700 square metres on Mercer Rd with a large well pedigreed house all ready to be modernized. The ceilings and hallways are to write home about but the flow in the family area requires some major updating and some of the bedrooms may not survive the new plans. There is plenty of space to keep the extensive gardens and the cottage out the back would always be a good place to print the money required for this renovation.

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6 Bedroom	4 Bathroom	2 Parkings	1,692sqm Land Area
Floor Plan	Agent	Sold - 1:30pm Mar 27 2010	Quote $5,000,000+	East Facing

Assess Question: Is this property a good home?