35 Russell Street
BOUGHT* - Undisclosed
Bought before Auction

 

35 Russell Street CAMBERWELL

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
Minimal ongoing outgoings

Concerns

Requiring significant additional cash to purchase price
Size of living/dining room
Proportions/quality of living/dining room
Poor bedroom position
No separate laundry
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 35 Russell Street CAMBERWELL

Wow how can something so good - be worked by humans into something so bad - the good news is, it can all be fixed.

Great street - great precinct - great location - please tell me a fault on location - there isn't one and it's a Heritage area (no high-density Yay)!

The other P price - even in this market the quote feels there or thereabouts - the market is weaker, but not in my opinion for these types of entry-level homes in great neighbourhoods - families stretch themselves for these things when the offering is this good - so expect competition.  

And what actually is the offering - a beautiful mid-sized to ¾ period home in a sensational spot with a disaster of a reno. Now specifically, it's all very liveable right now and if you are not a "perfect house" family - just one for the practicalities, then there is everything here you need, sans a decent laundry - but OMG with just a little thought and not much more cash they could have enhanced the value of this home so much, not subtracted with the 1st year draftsmen reno at the rear - even the age of reno doesn't excuse the lack of class that went into this 1990's facelift.

So, buy it as a shell and live in it or rent it out while you save and get your plans through council and then give this home the rear reno a home of this class so richly deserves and get a real laundry and fix the master. 

Yard and parking work for me and you can after some mental dexterity work out a way to get in and out of the rear easily, in a both-ways forward direction.

Best opportunity at this price level in this area I have seen for 2 years - bang this is a beauty and even so at $3m plus a $1m make-it-your-own reno - it still stacks up long term - all of course subject to a pest and building and council approval.

This home is a beauty as an home or investment or both.

 

 


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What our clients had to say about James

all your experience and professionalism, a defining factor to this success. Dear Gina, Rhianna and Mal, First of all, highly appreciate your and all team members‘ effort on this purchase. Meanwhile, all your experience and professionalism, a defining factor to this success, leave me a deep impression. Anyway, thanks again and look forward to the m ...more

Jim Li

KEW

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0
Bedroom
0
Bathroom
0
Parkings
657sqm
Land Area
Floor Plan Agent

Sold - 2:00 PM Feb 23 2019

Quote $2,700,000 - $2,900,000

East Facing

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