29 Rubens Grove CANTERBURY

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Higher risk as newer precinct
Lower risk established look
Area distance from CBD

Concerns

Requiring significant additional cash to purchase price
Significant slope issues
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 29 Rubens Grove CANTERBURY

This is all about the land - its location and what you can do with it.

There is a slope which is a manageable issue, nonetheless i'ts one to consider.

Have bought in the street before and bought for clients multiple times over many years in the general precinct.

This is a very specific location for a certain type of buyer

Wants schools, wants to build, wants to be central to many things, wants to protect their future dollar wise and wants amenity.

Lets start with the position.

Camberwell railway station - the walk is a nice one and will keep you fit. Trams you have north/south that can take children to many different schools in many neighboring suburbs and as well you have safe connecting trams east/west as well as the train. Most schools are covered by transport from this location.

Of course you are walking distance to Camberwell Grammar(s) and a short drive to a number of other schools.

Shopping is Camberwell Junction.

The specific location.

Traffic wise it does carry some - but is not as much as its neighbouring street Stanley, which is the go to cut through for most traffic.

The huge plus is it backs onto the Old Outer Circle railway - albeit you have to walk 100 metres to an easier access point. For a growing family this is brilliant - how many homes allow you to walk out your back door, kick the footy and somebody else is mowing the grass?

You will use the park for fitness and for easy walks to coffee shops and for playing - its brilliant and all too rare these days. As well, the park gives you a chance to reflect, listen to the birds and in general be more attached to nature.

To the block itself  - it's a good building block (STCA).

Wide frontage - yes it would be better if you could renovate from a financial point  of view - but a smart new build should hold its value as this is a very popular area for overseas and local buyers in the past, now and should be in the future.

If you are looking for a new block there are enough sales to say you will have a battle on your hands circle four ($4M) and upon resale in a decade or so you would have a number of buyers lining up at $6M in todays money - assuming you built well.

A lot to like about this block as a new build site, as personally I cannot see a renovation making sense to anybody other than a timber period home enthusiast.

Why? Timber doesn't capitalise well at these price levels - but a new home well built - should.


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Knowing we had a professional working for us took a great deal of stress out of the whole process. Mal‘s support was invaluable when we eventually did find a property we wanted to buy. The background information he was able to obtain through his contacts and his detailed property report were both very helpful. We went in to (the auction) really well-prepared ...more

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4
Bedroom
1
Bathroom
1
Parkings
1,066sqm
Land Area
Floor Plan Agent

Private Sale

Quote $4,000,000

West 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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Homes We've Bought

What our clients had to say about James

Knowing we had a professional working for us took a great deal of stress out of the whole process. Mal‘s support was invaluable when we eventually did find a property we wanted to buy. The background information he was able to obtain through his contacts and his detailed property report were both very helpful. We went in to (the auction) really well-prepared ...more

Linda & David Wollan

PRAHRAN

Read all testimonials