PASSED IN - $1,120,000

A crowd of 30, forming a long line on the opposite side of the road, stood quietly as they waited for proceedings to get underway. Auctioneer Michael Szulc described the property as the “full package in a wonderful position on a wonderful block of land.” Mr Szulc opened proceedings with a vendor bid of $1,100,000 and worked hard to encourage bidding fr...

Crowd Numbers: 30 people
Bidderman: 0 bidders

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167 Neville Street MIDDLE PARK

Item: 167 Neville Street MIDDLE PARK
Rating: 603
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

Good rental prospects

Seemingly low additional cash required after purchase

Concerns

Restricted or no car access

Touches other properties

Only one living area

Limited additional space

Poor car garaging

Mal James
0408 107 988
[email protected]

Comments on 167 Neville Street MIDDLE PARK

This is a neat and tidy property offering three good bedrooms. Amongst the pluses are the location and an opportunity for someone to enter the tightly held Middle Park area. Some concerns may be the lack of a second living space, the very narrow street and no off-street car parking. However, investors may see it as a good renter given there is nothing to spend and it is in a very convenient location to Albert Park Lake, the beach, Armstrong Street and the South Melbourne market.

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3 Bedroom	2 Bathroom	0 Parkings	150sqm Land Area
Floor Plan	Agent	Private Sale	Quote $1,175,000	North Facing

Assess Question: Is this property a good home?