16 Mercer Road
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
 

16 Mercer Road ARMADALE

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
James Home Ratings
03 9804 3133
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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

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Advice that Matters

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