11 Valetta Street MALVERN

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Higher risk as newer precinct
Lower risk established look
Area distance from CBD

Concerns

Requiring significant additional cash to purchase price
Poor Street Frontage
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 11 Valetta Street MALVERN

11 Valetta is basically land in a great spot with a shell of a home, tarted up for sale - due to current market conditions and quality of the property, hopefully at an affordable and better price, than it would have been last year.

Let us start with the property - north facing rear (big plus for light), flat and a good size with the current façade being the highlight. Rooms are basic and the bathroom for most, is in the wrong place - the rear yard is a good size and the neighbour's walls and windows could (for the most part) be blocked with plantings.

We have rated it as needing a major reno - but it is rentable and liveable as is.

Rear car parking is there, but not easy and unless you have a small car - you will find the turning in and out annoying and revert to the street wherever possible.

So, we get to the good bit -position. It's simply the best on so many fronts and I speak from experience, having lived in the street for 5 years in the early 80's. You are close to everything and apart from the occasional tram scraping the lines, it is surprisingly quiet.

As well you are on the Glenferrie Road Spine for many schools - train a safe walk and shops - shops, shops, how much choice can you have!!

Future - let's talk about it - no Heritage a plus - would a new build work here? Mmmm not so sure if modern - period yes probably - the question is then capitalisation? A few sales say low to mid $3m would see it out, if a really good result after reno.

So even though this a great position - due to a few compromises we need to be on the money at contract time and not overpay.

 

 


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So I just wanted to thank you and Mal for being part of this success story . Gina, How are you ? I was just thinking about you and was wondering how you were ? I missed to let you know that our house was selected as the cover of the recent May issue of the Australian House and garden magazine with a 10 pages special as well ( I have a copy if you want si ...more

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3
Bedroom
1
Bathroom
2
Parkings
416sqm
Land Area
Floor Plan Agent

Sold - 12:30 PM Jun 16 2018

Quote $2,400,000 - $2,600,000

North Facing

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