4 Balmoral Avenue
BOUGHT* - $3,450,000
A very streamlined auction took place at 4 Balmoral Avenue, Kew besides some poorly timed construction noise at the very beginning. Auctioneer Doug McLauchlan called for some fair and reasonable bidding - barely letting him finish the sentence, Bidder 1 was away at $3,100,000. A second bidder entered the race and after some back and forth, the property was o...

Crowd Numbers: 40 people
Bidderman: 2 bidders
 

4 Balmoral Avenue KEW

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
Seemingly low additional cash required after purchase

Concerns

Limited Backyard
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 4 Balmoral Avenue KEW

4 Balmoral Avenue Kew has been rated as a serious renovation.
You know how you have systems, opinions and thoughts but sometimes things just don’t quite fit in to them or if they do fit into them, they don’t seem to stack up as well as you’d like them to or think they should - This is a property where the house is actually… I don’t like the house. I think it’s a bulldozer, but I think the land is really good. I also think that’s a harsh statement, this is a really really well-built house and it does flow okay.
I really wanted to like it when I saw it because it just feels like overall it could be a good property - good width, good depth, great location… but the house just for whatever reason (for me) just felt dark and it didn’t have any good feelings about it.
That’s just my opinion – now hey?! Your opinion may be completely different, because this house, if the person who buys it, likes the house, is going to well and truly out live me… geez it’s built like a bunker! The question is do you like it or not?
If you want to bulldoze it, have a look around here, you can see the types of homes being put up. Providing you didn’t over capitalise to the hilt, it would make sense to buy, bulldoze and build but it would also make sense as an investment if you wanted to buy the land and hold it. It’s a property that would rent out and a property (STBI) in my opinion wouldn’t require a lot of maintenance.
So also, maybe a renovation, it’s just I’m not that smart and can’t see how you can do it but someone with a lot more skill than me could come in and do a number on this so that something. Just talking now, I’m starting to think about… maybe that’s the answer… maybe it’s not bulldoze, it’s renovation.


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4
Bedroom
2
Bathroom
2
Parkings
828sqm
Land Area
Floor Plan Agent

Sold - 11:30 AM Feb 29 2020

Quote $3,200,000 - $3,500,000

East 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.