136 Mitford Street ELWOOD

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Good rental prospects
Higher risk as newer precinct
Good area pricing range meaning lower risk on resale

Concerns

Restricted or no car access
Touches other properties
Bathroom no ensuite
Poor car garaging
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 136 Mitford Street ELWOOD

For buyers looking for a smaller home/investment property, this property is hard to go past.

The position is central to most of Elwood and just down the road from the primary school.  Where much of Elwood is too far away to use public transport on a regular basis, 136 Mitford is close enough to walk to the tram on Brighton Road/Nepean Hwy and not much further to Ripponlea and Elsternwick stations.

The home is one of two, on the eastern side with a north easterly rear.  Properties on the eastern boundary are single storey units with the driveway between the properties, providing some good separation and additional feeling of space.  The attached property, period also, has already been extended up, providing buyers with comfort that the surrounds are fairly established.  It is always worth checking with the planning and building departments of the Council to satisfy this further.

Internally, the home has flexibility as a 3 bed/one living room or a two bed, two living room home, although if wanting a large second living area, the second bedroom is small with no robes.  If using the third larger room as a bedroom, there is plenty of room for robing either side of the fireplace, however, the second living area would be smaller.

The bathroom room is located at the end of the hall before the kitchen.  Whilst not perfect, it is better than many homes of this era where they are located at the back.

The kitchen/family/meals area is simple and works, although not large.  There may be options to open this up down the track and potential to extend into the garden a little further (stca and the recently placed covenant on the title). 

The yard is a good size for smaller entertaining and for those with children, the park over the road is likely to be appealing.

A concern for buyers may be the lack of off street parking.  There is precedence for a crossover and driveway in the front (as seen with the attached property), however, it is always safer to assume you can't and if successful it is a bonus.

This home presents well and is marketed at a very competitive price point.  With limited period homes for choice at this level, if the size works for buyers, there is likely to be good competition as the alternatives are often townhouses, units or homes requiring much more work to make comfortable/liveable.


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3
Bedroom
1
Bathroom
0
Parkings
277sqm
Land Area
Floor Plan Agent

Sold - 1:30 pm Nov 30 2014

Quote $975,000 - $1,050,000

Full James Rating Sheet

Be with James

Would you like to talk to us about finding or negotiating on your next home?
We buy 100 homes for our clients every year.
We buy Inner East and Bayside over $2m.