This home sits on a good size parcel of land and has the advantage of having a minimal street setback which allows for excellent use of the rear yard space for an extensive renovation. The property sits within a heritage overlay zone so buyers need to be mindful of keeping features and facade when planning any renovation. The land size allows the opportunity for an extensive single storey or double storey extension to the property however, given the current state of the property, significant capital will be required to complete the renovation.
The top of the quote range represents $3,800 per square metre in land value which is bullish for this pocket of Brighton, especially considering the capital investment required however, may attract the right buyer given the possibilities.
Positioned in a good location close to cafes and transport.
Phillip’s career has been built on meeting the needs of a special group of people. Invariably they are medical professionals, farmers, graziers and professionals looking to access good quality advice on property as part of a long-term wealth creation strategy. Having been involved in over $1 billion worth of property acquisitions, Phillip is well placed to provide buyers with advice and support in areas with growth potential in the residential property markets across VIC, NSW, QLD and SA.
The Bayside property market experienced a downturn over the past 12 months with a decrease in sales and median price. However, the Bayside market hasn’t been hit as hard as across Melbourne and the wider state, with many homeowners still wanting to upgrade to a better home. At end-June 2019, there were 1,164 Bayside area ...[read more]