BOUGHT* - $1,320,000

Auctioneer David Gillham started the auction with a vendor bid of $1,300,000. After going inside to talk to the vendors, Mr Gillham arrived back to advise the small crowd that many interested parties had received contracts and if they would place just one bid they would have first right to negotiate afterwards. No one in the crowd raised their hand so Mr Gil...

Crowd Numbers: 30 people
Bidderman: 0 bidders

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8 Somerset Road GLEN IRIS

Item: 8 Somerset Road GLEN IRIS
Rating: 658
Author: Simone Clarke

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

Adjoining properties could be a negative issue

Simone Clarke
0400 304 111
[email protected]

Comments on 8 Somerset Road GLEN IRIS

Although house is an original one and pretty from the street this is property is rated as land only here - northern aspect onto the park is a very big plus and will always underpin the value and there are many options going forward (STCA). Any new design will need to deal cleverly with site level changes as inside/outside connection is very important. Main concern - close proximity to new comercial building / car-park is not ideal.

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4 Bedroom	2 Bathroom	2 Parkings	840sqm Land Area
Floor Plan	Agent	Sold - 12:00pm Jun 19 2010	Quote $1,300,000+	West Facing

Assess Question: Is this property a good home?