38 Tribe Street, South Melbourne, VIC

Inspection Info

282

SQM

Address

38 Tribe Street, South Melbourne, VIC

Guide

$2,400,000

Reviewed By

David McMillan, Buyers Agent on May 21, 2020

David McMillan

Buyers Agent

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First Impression

Single fronted cottage last sold in 2017 for $2.6m. Located in a pretty good pocket of South Melbourne, nice wide street with character surrounding properties. The north facing rear aspect is perfect for natural light. The house has lots of potential to add value, renovation and or extension, also you could add car park at the rear. This property would suit small families or couples. Based on our register of transactions in the area, similar properties are selling on a rate per square metre of $7,000 to $9,000. The market has pulled back in certain price points, so I would recommend a detailed analysis of pricing. Is a quality option for the right buyer.

Character
Potential to add value
North facing

Condition of the property
Small third bed or study
Rear laneway access but no onsite parking

Report Card

Buyers Agent

David McMillan

Private Grading

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Land Content

Building Condition

Natural Light

Privacy

Floorplan Internal Flow

Value Add

Neighbouring Properties

The Bottom Line

B+

Preliminary Grade

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David McMillan
BuyerX - Melbourne CBD

David has worked as a property Investment adviser, property consultant, buyer agent & valuer to private clients, financial planners, accountants, finance brokers and various government entities since 1999. He has been involved in more than $1b worth of transactions across Victoria, New South Wales, South Australia, Western Australia & Queensland.

A-