BOUGHT* - Undisclosed

All was pretty quiet at 2 Victory street today. Interestingly, for my second auction of the day, two potential buyers decided it was a good idea to publicly clarify title details relating to an easement. Perhaps this is going to be the new buyer strategy for 2013! With only a small crowd of around 35 people, things started slowly. Auctioneer, James Paynte...

Crowd Numbers: 35 people
Bidderman: 1 bidders

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2 Victory Street SANDRINGHAM

Item: 2 Victory Street SANDRINGHAM
Rating: 601
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

Area distance from CBD

Concerns

Poor rental prospects

Requiring significant additional cash to purchase price

Possible dating issues

Mal James
0408 107 988
[email protected]

Comments on 2 Victory Street SANDRINGHAM

This home reminds me of the holiday house I stayed at in Phillip Island each summer as a child. While it was comfortable, it was a bit all over the place flow-wise, with small, poorly-positioned rooms. As such, I have rated this property as land only. The position is good, just around the corner from the 'Acorn Patch' and an easy walk to the 'Village', beach and station. One of the first auctions for the year, it will be interesting to see where buyers see value for Sandringham land in 2013.

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4 Bedroom	2 Bathroom	2 Parkings	685sqm Land Area
Floor Plan	Agent	Sold - 12:00pm Feb 16 2013	Agent Declined Quote

Assess Question: Is this property a good home?