20 Tormey Street BALWYN NORTH

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Seemingly low additional cash required after purchase
Area distance from CBD
Above average precinct for general area

Concerns

Possible overcapitalisation meaning higher risk on resale
Possible dating issues
Other properties nearby could be a negative issue
South facing rear (negative light issues)
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 20 Tormey Street BALWYN NORTH

One of the more impressive Balwyn /Boroondara new homes that I have walked into for some time. This truly is a modern day Mansion and while it appears to have been built to sell; it has been built to sell well to a top end audience. Many times we see a project of this nature not carry off what it's trying to achieve - however this one has and it really is a Toorak home in North Balwyn. Therein lies it's main negative issue (if indeed that is one). Am I overcapitalizing and buying way too much house in an area that many homes sell for around a third of what this should sell for. Maybe - but life is not all money and if you want a big home with grand proportions and floor plan that works and a home with the glitz and the glam and you have at least $3m and are prepared to beat off a number of overseas buyers who would be attracted to this home then visit and perhaps buy 20 Tormey. I like people who take risks and make an effort and you should like what has gone into this home if you are a big new homebuyer.


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5
Bedroom
5
Bathroom
6
Parkings
1,066sqm
Land Area
Floor Plan Agent

Sold - 3:00pm Sep 5 2009

Agent Declined Quote

South Facing

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.