James Market Insight

July 17th 2010
At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%. Our Demand Indicator Bidderman was 2.2. Hmmm - an interesting increase but it was off a very low turnover. Today’s... Show Full Story
At 6pm Saturday the James Clearance Rate on the 22 $M+ Auctions we covered was 59%. Our Demand Indicator Bidderman was 2.2. Hmmm - an interesting increase but it was off a very low turnover. Today’s... Show Full Story
16 Mercer Road, ARMADALE
684
Auction - 1:30pm Mar 27 2010
16 Mercer Road ARMADALE
DAYS ON JAMES
24
24
Ralph's 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."
27th Mar 2010 - Auction Report - 16 Mercer Road, ARMADALE
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
Crowd Numbers: 200 people
Bidderman: 4 bidders
Property Analysis of 16 Mercer Road, ARMADALE
James Control Price on 16 Mercer Road, ARMADALE
Property Analysis Summary of 16 Mercer Road, ARMADALE
Concerns
Poor Cash Characteristics
South Facing Rear
Benefits
Good Area Growth 25 years
Excellent Land Content
Rail Transport Distance
Coffee/Eateries Close By
Land Size
Car Access
Quiet
Outdoor Access and Flow
Characteristics of 16 Mercer Road, ARMADALE
Price
Bought*
$6,240,000
Selling Agent
Heather Elder
Agency
Marshall White
Initial Agent Quote
$5,000,000+
Price Imp.Sqm
$3,714 /isqm
(bought price)
(bought price)
Quote Comment
Confused about price? Arrange an appointment.
Property
Land Size
1680 sqm *Approx
Rear Light
East
Style
Period
Cladding
Brick
Storeys
Single
Position
Area
STONNINGTON
Suburb
ARMADALE
Precinct
Above Average
Street
Typical (Area)
16 Mercer Road, ARMADALE is Recommended For
Families with Teenagers
Families with Young Kids
Families to Grow
Big Space Buyers
Garden Lovers
Close to Everything
Major Renovator
Period Home Buyer
Position Buyer
Investors - Growth
Good Bones Buyer
Location map of 16 Mercer Road, ARMADALE
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Imp Sqm
Land Size
Rear Light
Beds
Baths
Cars
Flow
Street
Loading Alternatives on Market
Next Steps for 16 Mercer Road, ARMADALE
1. Visit Property - see more pictures - open times for public inspections
2. Due Diligence on Pest, Building, Legals, Architectural and Renovation Issues,
Contact Us
Ralph Doubell
03 9804 3133
3. Value, Lowest Price you may pay, Highest Price you may pay, Is this a Quality Decision for You?
4. Engage a Buyer Agent for a FULL JAMES HOME RATING to help with negotiation strategy, private appointments and other off market homes
2. Due Diligence on Pest, Building, Legals, Architectural and Renovation Issues,
Contact UsRalph Doubell
03 9804 3133
4. Engage a Buyer Agent for a FULL JAMES HOME RATING to help with negotiation strategy, private appointments and other off market homes
Explanations & Disclaimers
Bought* - Indicates property has been bought. We are a buyer rating company and a buyer advocate company only, and we use the word bought instead of sold to give the website a buyer flavour. We do not buy all the properties listed on this website, in fact we buy around 80 per year in the $1M-$5M range, therefore we often rely on an advertised price or the selling agent to indicate the bought price and occasionally the result may be inaccurate.
Show more definitions & disclaimers


Ralph Doubell

