BOUGHT* - $1,552,000

Entertaining and professional was how the team of Stephen Tickell and Jenny Dwyer from Hocking Stuart performed at 2 Victoria St Sandringham today. Thanks to the quick wit of Mr Tickell, the big crowd was treated to a great auction, enjoying a few laughs along the way. The pressure of the auction situation only evident on the final hammer as the Hocking Stua...

Crowd Numbers: 80 people
Bidderman: 7 bidders

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2 Victoria Street SANDRINGHAM

Item: 2 Victoria Street SANDRINGHAM
Rating: 602
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

Lower risk as established precinct

Good area pricing range meaning lower risk on resale

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 2 Victoria Street SANDRINGHAM

Arguably one of Sandringham's premier streets. A great opportunity to build your dream home, although careful consideration needs to be put into the layout, given the south facing rear. Some may prefer to keep the facade.\

The price of land is the key here. Given 16 Tennyson Street sold in October for a little over $1,821 p/sqm (south facing rear too) it will be interesting to see where buyers see current land prices in Sandringham.

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4 Bedroom	2 Bathroom	4 Parkings	727sqm Land Area
Floor Plan	Agent	Sold - 12:30pm Mar 27 2010	Quote $1,170,000

Assess Question: Is this property a good home?