On offer is an attractive period home set on a generous allotment. The position of the home on the land is well thought out to maximise the rear yard space, making the property feel bigger than its 693sqm. The home itself has been partially renovated, however further work and capital will be required. The floorplan ideally requires reworking as some of the bedrooms are quite small, the home could be reduced down to 3 bedrooms with multiple living areas to maximise the internal space.
We feel the price estimate is very bullish. The statement of information compares this home to a recently sold property in Halifax Street. The property in Halifax Street was a better quality home, albeit it in a busier street. This home is being compared to others that have been fully renovated and ready to live in. We believe this property sits in the sub $3,000,000 range. The property was last purchased for $2,100,000 only 4 years ago and the small amount of work that has been completed does not warrant such an increase in price.
- House is positioned well on the block to maximise the rear yard space
- Nice looking period home
- Well maintained garden areas
- Some bedrooms are small
- Floorplan needs to be reworked
- Parts of the home are dated