71 Broadway
BOUGHT* - $3,730,000
Well, this auction was certainly a surprise - very slow to get started and for a moment there it looked set to pass in. Bidding was opened at $2,800,000, and this was followed by a vendor bid of $2,900,000 - and then no bids. The auctioneer Alastair Craig went in to meet with the vendors and everything seemed quiet. After the half time break bidding resumed ...

Crowd Numbers: 125 people
Bidderman: 3 bidders
 

71 Broadway CAMBERWELL

Benefits

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

Concerns

Requiring significant additional cash to purchase price
Size of living/dining room
Below average kitchen size
Kitchen needs work
Below average bathroom size
Simone Clarke
Simone Clarke
0400 304 111
[email protected]

Comments on 71 Broadway CAMBERWELL

Home has real character and grandeur, and is located in the quiet part of one of Camberwell's best streets. Land size is impressive and that will always underpin the value - a serious renovation is ahead and is much needed to make this more livable for contemporary living - may be able to get away with a large scale single level extension - first floor at the moment is OK in it's own right but may be tricky to increase in size given house roof form and planning controls. Overall a very good property which provides many opportunites and will suit those ready for a major renovation. Rates in ther mids 600's currently but could easily turn into a 800's property with the right design solution.


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5
Bedroom
2
Bathroom
2
Parkings
1,519sqm
Land Area
Floor Plan Agent

Sold - 3:00pm May 29 2010

Quote $3,000,000+

West 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.