56 Metung Street
PASSED IN - $3,900,000
Metung Street is a hive of activity. Number 48 had sold strongly earlier in the day and across from 56, a big new home is being built. Cars are double parked and higgledy piggledy about the street as 80 front up here. Auctioneer Paul Walker summed up this French provincial inspired home as a ‘hamburger with the lot’, referring not only to the numerous fe...

Crowd Numbers: 80 people
Bidderman: 2 bidders
 

56 Metung Street BALWYN

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Seemingly low additional cash required after purchase
Higher risk as newer precinct
Good area pricing range meaning lower risk on resale

Concerns

Adjoining properties could be a negative issue
Limited Backyard
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 56 Metung Street BALWYN

56 Metung is the upmarket Balwyn formula - big home on a smaller block with bling and a good floor plan built for the Asian market.

Metung is a street that has packed a few punches lately and over $3m is not a pipedream - however this is wanting the next level towards $4m.

It has some chance - the building quality appears good - wider architraves and good thought has gone into the spaces. I particularly like the circular staircase and tiling that gives a landing without breaking the flow of the hall from front to rear.

Upstairs and the bedrooms and they all work well - the balcony will probably be used - the hallway window showing the guardrail in the middle of it could have had some more thought - but its not a dealbreaker

Back downstairs again - the pool dominates the yard and is supported by a well-positioned (for sun) al fresco. If it's you then it works - if it's not then this outdoor set up may stop you buying,

The home has been built for a reason and some thought has gone into it - it will sell. The question is will it get what the seller wants or what the buyer wants.


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5
Bedroom
6
Bathroom
2
Parkings
653sqm
Land Area
Floor Plan Agent

Private Sale

Quote $3,800,000+

West Facing

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