16 Gordon Street
BOUGHT* - Undisclosed
Bidder 1 began the auction at $1,700,000 before a vendor bid of $1,750,000 was placed. Bidder 2 casually strolling around the street and yard came in for $10,000. The duo took bids to $1,850,000 when they were both wanting the answer to the question... is it on the market? Half time came around and yes the home was on the market, bidding reached high $1,800,...

Crowd Numbers: 20 people
Bidderman: 3 bidders
 

16 Gordon Street TOORAK

Benefits

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

Concerns

Below average land size
Irregular land shape
Poor bedroom position
Poor car garaging
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 16 Gordon Street TOORAK

16 Gordon Street is your classic quirky – little is “normal” about it and the condition is fair.
Let’s not exaggerate its building characteristics however from a maths point of view, a smart reno under $500,000 if you bought this circa $1,900,000 would add up.
Why? Price point is why. It’s currently advertised as entry level and sub $2m and it needs to be to attract buyers. The current floorplan is configured “arse” about excuse my French.
The living needs to be where the bedrooms are and vice versa. Why? So, the living has light and for yard connection – the question then becomes, can you plant or build a fence for some outdoor privacy?
Parking is excellent – and the location being Toorak and near shops is maybe B-Grade Toorak – but overall, it’s A+ Melbourne at this point.
It’s about feel – for me I see it as a project too hard. Do you see it as a good feel home that with some “archi-smarts” to make it what you want and add value.
To be clear – the numbers would add up – the question is do you want the project?


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3
Bedroom
2
Bathroom
1
Parkings
231sqm
Land Area
Floor Plan Agent

Sold - 10:30 AM Oct 26 2019

Quote $1,820,000 - $1,900,000

North Facing

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