BOUGHT* - Undisclosed

At least 80 people took over Park St, South Yarra to witness this double auction. Auctioneer Warwick Anderson had little to do but follow as bidders came in quick and strong opening with a bid of $3,000,000. Four bidders fought it out but, despite some competitive bidding, the property was passed in at $3,903,000. An innocent wave from the the crowd during M...

Crowd Numbers: 80 people
Bidderman: 4 bidders

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32-34 Park Street SOUTH YARRA

Item: 32-34 Park Street SOUTH YARRA
Rating: 534
Author: James Home Ratings

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Area distance from CBD

Above average precinct for general area

Within normal walking distance to rail

Concerns

Minimal land content as proportion of price

Poor rental prospects

Requiring significant additional cash to purchase price

Poor street

Touches other properties

James Home Ratings
03 9804 3133
[email protected]

Comments on 32-34 Park Street SOUTH YARRA

RENOVATOR"S OPPORTUNITY - you better believe it. Currently livable (just) - it could be developed as a single residence spread across these two terraces or redeveloped as two separate terraces - there are two titles. Either way, it will always be a challenge. But the terrace on the southern size is one of the best in Melbourne - despite being on Park Street and the street scape would be great. Can you just imagine those large trucks on Park Street delivering heavy fixtures just when the number 8 tram is trying to keep to schedule!

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4 Bedroom	2 Bathroom	5 Parkings	368sqm Land Area
Floor Plan	Agent	Sold - 11:00am May 29 2010	Quote $3,500,000+	East Facing

Assess Question: Is this property a good home?