2 OGrady Street
BOUGHT* - $1,389,000
A crowd of about 100 people watched another entertaining performance from Arch Staver, who said unreservedly that in his two decades and more of selling homes in the area, this was one of the finest renovations he had seen and was certainly not replaceable at the likely selling price today. I'm sure Cafe Quince just around the corner sold lots of lattes befo...

Crowd Numbers: 100 people
Bidderman: 2 bidders
 

2 OGrady Street CLIFTON HILL

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Good rental prospects
Seemingly low additional cash required after purchase
Lower risk as established precinct

Concerns

Touches other properties
Tight doors/hallways/stairs
James Home Ratings
James Home Ratings
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Comments on 2 OGrady Street CLIFTON HILL

From the street, this property looks nice but not stunning. But step inside and it is difficult to find any buyer concerns. The living spaces are great (and I love the roof deck), the room sizes and positioning are good, and car parking is well above average, as the rear of the property backs onto Rose Street (instead of the more common laneway or right of way access). The north-facing rear is also a huge bonus in a smaller home like this, particularly when sunlight in most cases is blocked from either side of the home. It did feel just a little bit tight in the hallway and leading past the kitchen, but that is difficult to overcome when working with a frontage of about 5 metres. New benchmarks in price are being set for these types of homes at the moment; only a couple weeks ago an unrenovated single-fronted home at 111 Alfred Crescent in Fitzroy North sold for $1,410,000. The land was bigger at about 275sqm (while O'Grady is a little under 200), and the street frontage was about 7.5 metres. But the location here is excellent and the home so perfectly lends itself to a variety of buyers.


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3
Bedroom
2
Bathroom
2
Parkings
196sqm
Land Area
Floor Plan Agent

Sold - 12:00 pm Jun 1 2013

Quote $1,250,000 - $1,350,000

North 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.