BOUGHT* - $2,310,000

An elite, secluded Bayside avenue full of magnificent homes on a glorious sunny morning. What a setting for an auction! Auctioneer Leigh Hallamore thought so too when he offered this delightful family home for sale in front of 50 onlookers. The bidding was slow and Leigh was soon perspiring freely, doing his best to keep the action moving. Eventually a total...

Crowd Numbers: 50 people
Bidderman: 2 bidders

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8 Moule Avenue BRIGHTON

Item: 8 Moule Avenue BRIGHTON
Rating: 737
Author: Mal James

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

Good area pricing range meaning lower risk on resale

Concerns

Poor rental prospects

Mal James
0408 107 988
[email protected]

Comments on 8 Moule Avenue BRIGHTON

Regarded as one of Melbourne's Top 10 Streets, this smaller building block (STCA) sans water views gives a lower cost opportunity to get into what is arguably Melbourne's most expensive few sqm. Absolute beachfront has been going for $10,000 per sqm, whereas Golden Mile land without views has been around $3,500 per sqm - what premium if any will the Moule address add to the sale price - the auction will tell us? Interestingly on the same day 2 Mytton Grove with water views is scheduled to be auctioned.

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4 Bedroom	2 Bathroom	2 Parkings	658sqm Land Area
Floor Plan	Agent	Sold - 11:00am Nov 5 2011	Agent Declined Quote

Assess Question: Is this property a good home?