60 Tuxen Street
BOUGHT* - Undisclosed
Toby Parker was our master of ceremonies here in front of a good sized crowd of around 70 people. Opening bid was $3,950,000 and there were soon two bidders in the mix. Bidding slowed to $5000 increments at $4,300,000 and the property was passed in at $4,315,000. Bought after for an undisclosed amount. ...

Crowd Numbers: 70 people
Bidderman: 2 bidders
 

60 Tuxen Street BALWYN NORTH

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Good rental prospects
Seemingly low additional cash required after purchase
Higher risk as newer precinct

Concerns

Possible overcapitalisation meaning higher risk on resale
Other properties nearby could be a negative issue
Roof needs closer inspection
Interrupted floor levels
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 60 Tuxen Street BALWYN NORTH

 

We last rated this back in March 2010 and what we said then still holds true: It’s not often I agree with the agent’s headline but this time they have it spot on – this one is destined to be a landmark. As far as homes go, especially in this area, this is a truly amazing home. If you want privacy and you are an understated guy or girl then don't buy 60 Tuxen St. But if you are a bit out there, want a truly unique home and have minimalist leanings then you should look at this. It has everything you’d expect in a modern home, and then some. I admire the builders bravery - well done on having a go and giving us an honest, high quality and unique product. Price? Well who knows for sure, there has only been one real comparable that I'm aware of in the last few months in this immediate area and that was 20 Tormey, which hit $3.5m. 7 Rookwood was around $3m and 51 Kenny was north of $3m but on bigger land, so a different offering. If this is to break $4m that would surely be a record for Balwyn North. But, you know what, if the right bidders are there I think it could. 

 


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5
Bedroom
6
Bathroom
4
Parkings
1,347sqm
Land Area
Floor Plan Agent

Sold - 12:00pm Mar 16 2013

Quote $4,000,000+

North 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.