38 Sunnyside Avenue CAMBERWELL

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38 Sunnyside Avenue CAMBERWELL

Benefits

Great street
Panoramic views
Above average land size
Excellent car access
Wide Street Frontage

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 38 Sunnyside Avenue CAMBERWELL

Position: This is an A- grade Camberwell precinct with Sunnyside being THE street within the Sunnyside Estate.

Position is unquestionable in regards to proximity to Camberwell Junction, schools and transport ie, north west and east west trams as well as trains.

Property: And so to the block – the negative is the south rear however, this is in part mitigated by the fact that there is no overlooking which can’t be planted out and block width.

This is a big, wide, flat and deep block that sits proud on the street.

It’s a bulldozer proposition - in all likelihood (STCA.)

However as far as that façade goes, it’s pretty and a $500,000 renovation at the back could work especially as a 10 year option as kids grow, but it will likely be without a garage and in 10 years, it will still probably only appeal as a land only proposition to new buyers.

At some stage between Saturday’s auction and the next time this property is for sale, the highest & best use feels like it is a land only and rebuild situation.

Price: In this market and with this land size (ie. Above 800 sqm) irrespective of the single dwelling covenant, this should see volcanic competition with the 2 best comparables being; 29 Myrniong Hawthorn East selling for $4000+ sqm and 6 Sunnyside Camberwell selling for around $3,500 sqm.

The start figure feels like $3m and the end figure will likley be a completed home minus the cost.

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What our clients had to say about James

really did appreciate the work you were able to do and the way you respected our views at each stage of the process. Hi Gina It was a very exciting and unpredictable week but we‘ve not had a negative thought since securing the property. Thanks for your guidance and efficiency throughout the intense lead up and whole process as really did appreciate the w ...more

FITZROY NORTH

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3
Bedroom
2
Bathroom
2
Parkings
920sqm
Land Area
Floor Plan Agent

Sold - 11:00 AM Dec 3 2016

Quote $3,000,000+

South Facing

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