60 Well Street BRIGHTON

Comments on 60 Well Street BRIGHTON

For buyers, this property is really all about the land size and its proximity to all the action.  I have rated it as a major renovation without considering the home and its current floorplan. But given that this much land is not easy to find so close to Church Street shops, restaurants and station, it may be attractive to developers (STCA), as well as home buyers. The existing home is well-positioned on the block allowing for a very substantial, private rear garden. Some buyers may be content to undertake minimal cosmetic works and enjoy the house as-is, while others may be prepared to tackle a major renovation or full rebuild. You may want to consider the additional unquantified costs associated with renovating a home that is mostly double brick. For light lovers, the south west rear orientation may also affect light into the rear of the home, especially in the winter months. However, the land size allows for some creative architecture to maximise this. The neighbouring properties on either side are both unimproved, so there may be potential for them to be developed in the future. Well Street is a fairly busy street, but it is home to some substantial properties with price tags in excess of $3 million. The most recent land or major renovation sale was 69 Well Street in May this year.  It was only 602 sqm, but was on the north side. It sold for between $1.7-1.8 million, making land value close to $3,000 sqm. Maybe the buyer of that saw value in the house, because that price is close to Brighton's 'Diamond K' land prices. Which brings us back to the flexibility of the property, and the likely competitors, what your plans are for the property and where you may need to be to buy it.