BOUGHT* - $1,700,000

With the winter chill whisking up from the nearby Middle Park beach, it seemed that the Hocking Stuart team and crowd alike were keen to get this auction over with quickly. Auctioneer David Wood gave a thorough summation of the home and location and was rewarded immediately when he sought an opening bid from the crowd. An offer of $1,600,000 came from bidder...

Crowd Numbers: 50 people
Bidderman: 2 bidders

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179 Mills Street MIDDLE PARK

Item: 179 Mills Street MIDDLE PARK
Rating: 555
Author: Mal James

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Lower risk as established precinct

Good area pricing range meaning lower risk on resale

Lower risk established look

Concerns

Poor rental prospects

Requiring significant additional cash to purchase price

South facing rear (negative light issues)

Mal James
0408 107 988
[email protected]

Comments on 179 Mills Street MIDDLE PARK

This renovator special is located only 100 metres from the beach and with its approximately 10 metre frontage has potential to improve its curb appeal. Mills Street has experienced a mini resurgence, as it offers buyers with smaller budgets an opportunity to get into this prized area. As recently as May 19th we saw the property at 139 Mills Street (in similar condition and with a 5 metre frontage) sell under the hammer with four bidders for $1,180,000. Lack of off-street car parking may concern some. For the purpose of this rating the property was rated as land only.

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4 Bedroom	1 Bathroom	0 Parkings	314sqm Land Area
Floor Plan	Agent	Sold - 1:30pm Jun 23 2012	Quote $1,700,000 - $1,900,000	South Facing

Assess Question: Is this property a good home?