87 Sackville Street, KEW
MAY 19TH 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 55% on the 31 auctions we attended, down on last week. The Weekly Review Bidderman, our demand indicator, was steady at 1.6. Market Summary: From the results over the past few weeks, it could be easy to conclude that the market is a bit all... Show Full Story
BUYER TESTIMONIAL
It was the first time we had purchased commercial property, and we greatly appreciated your guidance, frank and straightforward explanation of the processes involved and especially your patience in both dealing with us and also real estate agents acting f We looked at a number of properties, with your guidance and assistance. We even made an offer on one property, only to miss out due to the (unpredictable) actions of the vendor's real estate agent. We felt quite 'low' at that time, but you provided a...
Richard Smoorenburg
We are government licensed Buyer Agents.
BOUGHT* - $3,305,000
5
3
2
1,159sqm
Auction - 12:00pm Feb 27 2010
87 Sackville Street KEW
RATED
Feb 8 2010
Feb 8 2010
Adam WoledgeAdam 's Comments on 87 Sackville Street, KEW
"A very good package here. Sackville Street in one of Kew's best and for good reason - wide, leafy , close to some of Melbourne's best schools and the majority of houses are of high quality and original to the area. The house while dated in some areas (like the kitchen) flows very well, has good room sizes and is comsensurate in size to the block. Hill position, car access (front and back), rear orientation and land size are all ideal here, and this particularly suits an older family. To be slightly critical the street appearance is not brilliant and frontage of the property does oppose partly another street (which is not great for Feng Shui principles) and there are single level villa units to the western side - these factors should not tarnish this property however and it should have good competition from buyers."
Mal JamesMal 's Comments on 87 Sackville Street, KEW
"North facing - rear access - period home - good block size - Sackville ward. Doesn't get much better than this in Kew? Floorplan downstairs very good - upstairs its only real negative -ceilings. But Architect Adam thinks they are fixable - yippee if they are as this would move it towards a near perfect family Kew home. I would be most surprised if my liking for this home was unique and auction day bidding should be competitive well into the 3's. Good agents Greg Toogood and Richard Earle know how to drum up a crowd and a price.
As far as price goes we feel this is a three and half million proposition based on the recent sale in Alfred St Kew at $4m for similar land with a home that you could argue was worth a maximum of $1m. 24 to 26 Dean at near $4m for slightly bigger land and with a timber home on it. Next door selling for $2.65m early last year makes $3.5m look a strong price but the market was weaker then, that had been on the market for some time, did not seem an expensive buy and this has a second storey. If you say next door was really around 2.8m and you add market increase and a second storey then that gets you to about $3.3m. Why is this worth more – well it may not be but the market is strong and land is definitely at $2500 per sqm so hard not to see 3 for the land alone with good rear access. What is the house worth? - $300k or $700K or more or less. I think $3.5m is the right money to have a fight at – if anybody wants to pay more and they may then time will tell. I think they could and another 5% is a jump somebody may have to make. "
Property Rating Sheet Scores
Property Floorplan Analysis
Price and Negotiation
Talk to a Buyer Advocate
Next Steps for 87 Sackville Street, KEW
Property Analysis Summary of 87 Sackville Street, KEW
Suitable For
Families with Teenagers
Big Space Buyers
Ready to move in
Garden Lovers
Cosmetic Renovator
Period Home Buyer
Position Buyer
Great Street Buyer
Concerns
No obvious concerns on first impression.
No obvious concerns on first impression.
Benefits
Good Area Growth 25 years
Great Street
Land Size
North Facing Rear
Outdoor Access and Flow
Front to Back Flow
27th Feb 2010 - Auction Report - 87 Sackville Street, KEW
BOUGHT* - $3,305,000
Richard Earle and the Jellis Craig team (especially Greg Toogood) ran an excellent campaign, culminating in a strong auction for this Kew property. Mr Earle opened proceedings on a vendor bid of $3,000,000 and the property went on the market in the $3,100,000 range. Three bidders fought it out and the property sold under the hammer for $3,305,000 - Richard J...
Crowd Numbers: 100 people
Bidderman: 3 bidders
Crowd Numbers: 100 people
Bidderman: 3 bidders
Property Characteristics of 87 Sackville Street, KEW
Price
Bought*
$3,305,000
Selling Agent
Greg Toogood
Agency
Jellis Craig
Initial Agent Quote
$3,000,000+
Price Imp.Sqm
$2,852 /isqm
(bought price)
(bought price)
Quote Comment
Confused about price? Arrange an appointment.
Property
Land Size
1159 sqm *Approx
Rear Light
North
Style
Period
Cladding
Timber
Storeys
Double
Position
Area
BOROONDARA
Suburb
KEW
Location map of 87 Sackville Street, KEW
Imp Sqm
Land Size
Rear Light
Beds
Baths
Cars
Flow
Street
735
$0
860sqm
5
4
7
Above Average
Quiet, Leafy, No Traffic
708
$3.425M
$2,712
1,263sqm
4
2
3
Above Average
Typical (Area)
692
$2.75M
$0
1,192sqm
4
2
2
Above Average
Quiet, Leafy, No Traffic
661
$1.6M
$0
869sqm
4
3
2
Average
Typical (Area)
Explanations & Disclaimers
Bought* - Indicates property has been bought. We are a buyer rating company and a buyer advocate company only, and we use the word bought instead of sold to give the website a buyer flavour. We do not buy all the properties listed on this website, therefore we often rely on an advertised price or the selling agent to indicate the bought price and occasionally the result may be inaccurate.