3 Merton Place
BOUGHT* - $1,750,000
A small crowd gathered in this small street to watch the auction of this small home. When our Auctioneer Tony Pride asked for an opening bid, he was met with a $1,600,000 bid. He asked for a $5,000 rise and it was taken up by Bidder 2. Bidder 1 asked if it was on the market and Tony said, 'No'. These two bidders kept bidding in similar increments while conti...

Crowd Numbers: 25 people
Bidderman: 2 bidders
 

3 Merton Place ALBERT PARK

Benefits

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

Concerns

South facing rear (negative light issues)
Bathroom no ensuite
Interrupted floor levels
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 3 Merton Place ALBERT PARK

This property is what it is; a very typical but high quality small home with hopefully a realistic price.

The condition is average but the floorplan is good, the location is sensational and the rear car access is a huge positive for these types of homes.

There are three factors which in combination and at these prices are not easy to find and which make this a property to go after: 
• 3 bedrooms in this size home which are well positioned and
• In combination with the bathroom position mean no structural expensive renovations are needed and
• The car access is not ideal but above average for this size home.

Agent said rental was $800 pw 18 months ago - but need to checked current appraisal.


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The James team is a well-oiled machine. The James team is a well-oiled machine and we appreciate your attention to detail and everything that you all do for us!

Denise & Zak

MALVERN

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3
Bedroom
1
Bathroom
2
Parkings
156sqm
Land Area
Floor Plan Agent

Sold - 12:30 PM Oct 28 2017

Quote $1,400,000 - $1,450,000

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.

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Homes We've Bought

What our clients had to say about James

The James team is a well-oiled machine. The James team is a well-oiled machine and we appreciate your attention to detail and everything that you all do for us!

Denise & Zak

MALVERN

Read all testimonials