BOUGHT* - $3,230,000

Cracking auction this one. In front of rugged-up crowd of around 40 people and with rain looming, auctioneer James Tostevin was in fine form (despite the bandaged hand!) and conducted bidding traffic well. Auction opened swiftly with a crowd bid of $2,000,000, then bidder 2 joined in the action with a $25,000 rise. A race between two bidders standing closely...

Crowd Numbers: 40 people
Bidderman: 3 bidders

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31 Coppin Grove HAWTHORN

Item: 31 Coppin Grove HAWTHORN
Rating: 728
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

Higher risk as newer precinct

Area distance from CBD

Concerns

Interrupted floor levels

Poor car garaging

Simone Clarke
0400 304 111
[email protected]

Comments on 31 Coppin Grove HAWTHORN

This is a great opportunity to buy an affordable ready-made family home, at a premier Hawthorn address, which is ripe for cosmetic renovation. Panoramic views that are hard to build out, and a recent strong sale next door for a modern home on similar land size, should boost buyer confidence (particularly if the house can come down - would need to check with council). The steps/levels up to the house from street level and car garaging are one weakness of this package. The floorplan works quite well however, with good bedroom seperation and reasonable room sizes.

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4 Bedroom	4 Bathroom	2 Parkings	817sqm Land Area
Floor Plan	Agent	Sold - 3:30pm Aug 18 2012	Quote $2,500,000	East Facing

Assess Question: Is this property a good home?