63 Nimmo Street MIDDLE PARK

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
South facing rear (negative light issues)
Mal James
Mal James
0408 107 988
[email protected]

Comments on 63 Nimmo Street MIDDLE PARK

This double-fronted Edwardian sits on a very healthy 456 sqm (approx) of land and is only a short distance to Armstrong Street Village and the beach. The agent has indicated interest above $3m and the property should generate competition when it is auctioned on Saturday June 1 on that quote. The home is liveable as it is, having undergone some earlier renovations, but I would expect most buyers to see this as a total rebuild to achieve a modern floorplan. Rear off-street parking is excellent and privacy isn’t too bad. Orientation to the south east is the only thing holding this property back from being close to the perfect renovation shell. Mind you, the three properties that recently sold in St Vincent Place on similar land for an average of $4m all had the same orientation to the rear and that didn’t hold back the bidders there. For the purpose of this rate it was rated as a significant renovation.


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0
Bedroom
2
Bathroom
2
Parkings
457sqm
Land Area
Floor Plan Agent

Sold - 11:30 am Dec 6 2014

Agent Declined Quote

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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.