PASSED IN - $1,400,000

Despite the small crowd, it looked as though the rain wasn't going to stop play for the sale of this property. There was plenty of pre-auction contract reading, but when push came to shove, no-one was willing to commit to buy this house and it was passed in on a vendor bid. A couple of interested parties held back and a sale after auction looked possible....

Crowd Numbers: 20 people
Bidderman: 0 bidders

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8 Reed Street ALBERT PARK

Item: 8 Reed Street ALBERT PARK
Rating: 624
Author: Mal James

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Good rental prospects

Seemingly low additional cash required after purchase

Lower risk as established precinct

Concerns

South facing rear (negative light issues)

Touches other properties

Poor storage

Poor car garaging

Mal James
0408 107 988
[email protected]

Comments on 8 Reed Street ALBERT PARK

This is a stylish single fronted Victorian cottage in a popular part of Albert Park. The renovation has been well thought out and utilises every possible centimeter of space. The floor plan is typical for this style and may best suit a professional couple,down-sizer, or an investor looking for a property with nothing to spend. The first floor master bedroom has it own deck which is a nice touch and gives flexibility to the property if you are looking for some separation from the other rooms. Off street parking is a bonus as is your proximity to the beach, Victoria Avenue, Bay Street, CBD and Albert Park Lake.

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2 Bedroom	1 Bathroom	1 Parkings	146sqm Land Area
Floor Plan	Agent	Private Sale	Quote $1,550,000	West Facing

Assess Question: Is this property a good home?