20 Selborne Road TOORAK

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20 Selborne Road TOORAK

Benefits

Within normal walking distance to rail
Coffee/Eateries are close by
Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price

Concerns

South facing rear (negative light issues)
Requiring significant additional cash to purchase price
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 20 Selborne Road TOORAK

20 Selborne sold 4 years ago for mid $3m's and its back on the market in basically the same form.

I have rated it as land only, because in time that is my perception of highest and best use.

Does that make sense? Only as a long term play.

Size, Ok - width, borderline - south rear orientation (not great)

The neighbours are the issue, they have set the tone on what you can do and when you see the number they are worth, versus what you will have to pay, due to Toorak's spiraling land values, then your accountant will ask you questions in the short term, that you may not have the answers for.

Its not easily a buy, bulldoze, build and flip - your $10million home next to the current facades - not impossible - but no gimme.

Its also hard to see a serious period reno gaining favour as it would be one out against the mods, which dominate the street, especially the south side.

So what can work for you - good price paid, live in for a few years - ride the market, save some money and then consider your options - maybe bulldoze and build - maybe trade for another, having hedged the market or maybe just keeping sitting on a little next egg.

If you are not all that concerned about the what you live in, any of those are possible - please the home for other than the top of the pops buyers is very acceptable - I would live in it with my family comfortably. 

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We were very fortunate to have your honest advice all along. Dear Simone, Mal and Matthew! Thanks so much for the beautiful flowers.!!! :) :) :) We are touched by your kindness and unwavering support. We were very fortunate to have your honest advice all along and we really appreciate your guidance at every step of the journey towards our new home. ...more

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5
Bedroom
2
Bathroom
2
Parkings
746sqm
Land Area
Floor Plan Agent

Sold - 12:30 PM Sep 16 2017

Quote $5,300,000 - $5,830,000

South Facing

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