5 Central Park Road, MALVERN EAST
BOUGHT* - $2,241,000
When you cannot get a park within 100 metres of the auction you know that the auction property has generated a lot of interest. Here in the Gasgoine Estate over 100 people saw Auctioneer Jack Bongiorno give a polished,classy and sometimes amusing performance to clinch a sale on this unrenovated period home on 787 square metres of land. Three bidders quickly made 15 bids to the sale price of $2,241,000 after an opening vendor bid of $1,750,000
3
| Saturday 27 February 2010, 2:30pm | |
| John Bongiorno, Marshall White | |
| $1,750,000 | |
| $2,200,000 | |
| Under Hammer | |
| 3 | |
| 100 | |
| Expected |
James Home Ratings Report - 5 Central Park Road, MALVERN EAST
738
4
1
2
782sqm
Ralph DoubellBuyer Advocate
03 9804 3133
5 Central Park Road, MALVERN EAST
"Where do you start with this renovation? Well a large bank balance is the first criterion. The second is imagination. And the third is patience. At least you do not have to correct past renovation errors as this house has not been touched since it was built. The numbers probably look OK. If purchased around a price of $2.0m - $2.2 million, spend $1 million to $1.5million, so it costs about $ 3 to 3.5 million and change. In the Gascoigne Estate do you think you will make a reasonable return in the medium term? We think yes on this north facing beauty! One word of warning not a project for the inexperienced."
BOUGHT* - Indicates property has been bought. We are a buyer rating company and a buyer advocate company only, and we use the word bought instead of sold to give the website a buyer flavour. We do not buy all the properties listed on this website, therefore we often rely on an advertised price or the selling agent to indicate the bought price and occasionally the result may be inaccurate.
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