67 Manningtree Road
BOUGHT* - $1,870,000
Interesting auction this one. In front of crowd of around 70 a fired-up Alastair Craig was the auctioneer and Campbell Ward diligently took down the bids - and there were plenty of them. Not surprisingly it took a vendor bid to kick things off. Alastair offered $1,600,000 first then not long after backed this up with $1,650,000. A crowd bidder thought along ...

Crowd Numbers: 70 people
Bidderman: 4 bidders
 

67 Manningtree Road HAWTHORN

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Minimal ongoing outgoings
Lower risk as established precinct

Concerns

Requiring significant additional cash to purchase price
Adjoining properties could be a negative issue
Negative privacy issues
Simone Clarke
Simone Clarke
0400 304 111
[email protected]

Comments on 67 Manningtree Road HAWTHORN

This is a good double-fronted brick Victorian, located in central Hawthorn, which should attract good interest. It has good block width that allows for dual car access, north rear orientation, good original house bones and a very convenient position. On the flipside, there are two main concerns with this property: the rear extension does not connect easily to the backyard, and there is a large multi-level office building over the back fence that presents privacy and visual bulk issues. A solution to the rear extension could be easily achieved within the original footprint that may require raising the roof slightly. In time, perhaps, the impact of the office building will be lessened as trees grow to the back fence. It's worth a look though this property - the upsides here could be considerable. Rated for Land Only, as many would see work ahead here.

 


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4
Bedroom
2
Bathroom
2
Parkings
730sqm
Land Area
Floor Plan Agent

Sold - 2:00pm Aug 25 2012

Quote $1,500,000+

North Facing

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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.