13 Hobson Street SOUTH YARRA

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Good rental prospects
Minimal ongoing outgoings

Concerns

Requiring significant additional cash to purchase price
Restricted or no car access
Touches other properties
Bathroom no ensuite
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 13 Hobson Street SOUTH YARRA

13 Hobson St South Yarra 

A mixed bag is 13 Hobson meaning for some there are deal breakers, such as no parking or reno needed out back - for others the home is good as it is - with central bathroom, high ceilings, good yard, great location and hopefully all at a good price.

Let’s go through the PPP’s

Positional Land – good location overall and at this price point a very good one.

Yes, it’s not the best part of South Yarra but it would be regarded as a good part of Prahran. Why not the best? Well it’s a little industrial in its feel with commercial buildings not too far away and there would be potential for the occasional block of apartments to spring up.

The land itself for what it is, is a good size. Yes, a common wall is shared or close to and you may have to deal with Heritage for any major frontal changes – and its biggest negative and probably the reason its quoted as is, is no car parking and no likelihood of any car parking. How important is car parking? Well it’s certainly a plus – but if you didn’t have it then this is a location where no car parking can be managed ok due to proximity of train, tram and shops.

Property – again for what it is (a lower quoted single fronter) it is a good building – sits ok to get north light in along it. Two good sized bedrooms with a nice feeling of space and a third smaller one (guest or least favoured child hey!). Central bathroom is a little dated but in the right spot. Through to the rear of the home – not an ideal kitchen set up but useable and extensions would be relatively inexpensive and doable as the space is there if you felt compelled to improve. Good sized yard.

Pricing – compared to an apartment this is a good buy sub $2m – sans the car park issue. Location to price is good and growth wise the land content will give you some protection of your investment going forward.

It’s an average offering for the area with some plusses and minuses and at the right price it’s worth considering.


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We know we were in great hands, had the best team, and got the best deal possible. . Dear Mal and Gina, On behalf of myself, Karen and our little family, I wanted to personally thank the both of you for everything you have done for us during the search to find our ideal property. You have been spot on with your guidance, your timely advice and your knowledg ...more

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3
Bedroom
1
Bathroom
0
Parkings
290sqm
Land Area
Floor Plan Agent

Sold - 12:30 PM Aug 24 2019

Quote $1,700,000 - $1,850,000

West Facing

Full James Rating Sheet