BOUGHT* - Undisclosed

Auctioneer Richard Earle started the auction with a vendor bid of $2,500,000. No bidders appeared and Mr Earle went inside to talk to the vendors. When he came back, Mr Earle submitted another vendor bid of $2,575,000 which was the price the property was passed in for. Bought after for an undisclosed amount....

Crowd Numbers: 70 people
Bidderman: 0 bidders

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40 Kinkora Road HAWTHORN

Item: 40 Kinkora Road HAWTHORN
Rating: 611
Author: Simone Clarke

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

Good area pricing range meaning lower risk on resale

Concerns

Requiring significant additional cash to purchase price

Significant slope issues

South facing rear (negative light issues)

Simone Clarke
0400 304 111
[email protected]

Comments on 40 Kinkora Road HAWTHORN

Plenty of positives to this property - very good land content, good street location and quite a private backyard. House itself has good building bones and is set back generously from east and west boundaries - this will afford many renovation options down the track. Concerns from buyers perspective -southern rear aspect and given slope of the land steps will be needed -inside or outside. Pretty much a blank canvas though and this represents essentially entry level into Grace Park. Rated as land only here.

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4 Bedroom	1 Bathroom	3 Parkings	954sqm Land Area
Floor Plan	Agent	Sold - 1:00pm May 29 2010	Quote $2,500,000+	South Facing

Assess Question: Is this property a good home?