3 Swinton Avenue
BOUGHT* - $2,195,500
An opening bid of $1,500,000 was stepped up by a couple of vendor bids, and at $1,650,000 a half-time break was taken. Though this appeared more like a ‘texting break’ with a good portion of the crowd pulling out their smart phones. This was just the warm up though, in the second half things got interesting and this is where we take up the action. Auct...

Crowd Numbers: 70 people
Bidderman: 5 bidders
 

3 Swinton Avenue KEW

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Good rental prospects
Minimal ongoing outgoings

Concerns

Significant slope issues
South facing rear (negative light issues)
Simone Clarke
Simone Clarke
0400 304 111
[email protected]

Comments on 3 Swinton Avenue KEW

This property is all about opportunity: the opportunity to build a new home in one of Kew's better streets, Swinton Avenue, and the opportunity to invest in bluechip Inner-Melbourne land. At 990m2 the land is a good size and, importantly, the width is generous. The main concerns are the block slope, as the land falls from front to back, affecting street presence and the indoor/outdoor connection to the backyard. The southerly rear orientation affects access to natural light, and any new design will need to be clever to factor this in. At present there are good views to the south and south west, which could be excellent if the new house included a second or or third level. With recent solid sales in nearby Rockingham Street and Miller Grove and for Boroondara land in general, this should be hotly contested. Rated for land characteristics only.

 


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4
Bedroom
2
Bathroom
4
Parkings
990sqm
Land Area
Floor Plan Agent

Sold - 12:00pm Feb 23 2013

Quote $1,600,000+

South 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.