22 McGregor Street
BOUGHT* - $3,250,000
A large crowd formed for this auction today. What they witnessed was a battle of two. Greg Hocking commenced proceedings and when he asked for an opening bid he was met immediately with an offer of $2,900,000. A short pause later Bidder 2 joined in and gave the $20,000 requested rise. After a longer pause and no other bidders joining in, Bidder 1 made a fur...

Crowd Numbers: 100 people
Bidderman: 2 bidders
 

22 McGregor Street MIDDLE PARK

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

Requiring significant additional cash to purchase price
Touches other properties
Tight doors/hallways/stairs
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 22 McGregor Street MIDDLE PARK

22 McGregor is a home of diverse appearances, summed up best in my opinion by "great bones, ugly skin"

The main an unchangeable characteristics, are great location, really good block, with good width and good rear car access - good building bones and good proportions and celling height.

If you stop there you would say this is one of Middle Park's, (one of Bayside's) really good mid-sized period homes.

However, the previous owners didn't stop there - they renovated it and what an interesting renovation it was and that is being polite.

The three positive things are:
1)    The current renovation may well help a prospective buyer afford it, as it will surely scare off a few would be purchasers
2)    It is very liveable - it's just a bit ugly and impractical - but for a small expense you could improve and for a big expense you could fix
3)    And, the main key point is still what I said at the start - it's got really good characteristics beyond its current skin.

I really like this home.


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What our clients had to say about James

You guys were so professional and understanding. Thanks again for all the help Mal, Gina & Simone, you guys were so professional and understanding. I don‘t think we could have done it without your help. You all were outstanding and made us feel very comfortable the whole way through Thank you! Emily & Baden

Emily & Baden

CHELTENHAM

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3
Bedroom
2
Bathroom
1
Parkings
286sqm
Land Area
Floor Plan Agent

Sold - 11:30 AM Feb 24 2018

Quote $2,850,000 - $3,000,000

North Facing

Full James Rating Sheet

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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.

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What our clients had to say about James

You guys were so professional and understanding. Thanks again for all the help Mal, Gina & Simone, you guys were so professional and understanding. I don‘t think we could have done it without your help. You all were outstanding and made us feel very comfortable the whole way through Thank you! Emily & Baden

Emily & Baden

CHELTENHAM

Read all testimonials