7 Haverbrack Avenue MALVERN

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
Gina Kantzas
Gina Kantzas
0457 835 255
gina@james.net.au

Comments on 7 Haverbrack Avenue MALVERN

Rated as Land Only

This is almost word for word what I wrote for the Barnato rating recently except the street and general position is more highly regarded in Haverbrack being A+

I think to most, the obvious is - a home of many options - appealing to many different buyer types: 
• Overseas Asian market 
• Land buyers 
• Developers (STCA)
• Tennis court buyers 
• Haverbrack, Malvern A+ and Toorak even Armadale big land buyers 
• Move in - as is buyers (the home would be acceptable to some) 

The property itself is flat, wide, north facing land with seemingly few additional council building restrictions (STCA and paperwork).

Tennis court and some - a big plus for those wanting that facility in this approximate location on a tight budget due to land per sqm

The home - nobody is trying to pretend it’s an architectural classic - BUT it's a blank canvas and a good one - work with its footprint (great setbacks) and start again or find a young and up and coming designer/architect who can do a little for a lot within the floorplan or as stated above for many its pretty good as is, with maybe a simple cosmetic update.

And so, to price - we see some value in the building, but not much (that's a big positive if you want to keep it as you have a free house almost) - all the value for us is in the land (good for growth) and land in Toorak/Armadale/Malvern of this calibre is flat not south on price.


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0
Bedroom
0
Bathroom
0
Parkings
1,117sqm
Land Area
Floor Plan Agent

Private Sale

Quote $8,000,000 - $8,800,000

North Facing

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