What an investment! #AstuteInspected 24 Merton Street, Albert Park
Bought for under $200,00 in the 90s, this property has soared exponentially in value - with an advertised price range of $1,270,00 - $1,380,000.
We noted a lot of great features throughout this property - beautiful high ceilings, an open fire place in the main bedroom, near-new carpeting, right of way lane right next to the property, stunning light fittings, Westinghouse appliances, and a large rear paved courtyard.
However, we did have a few concerns about this property - first and foremost, there is no off street parking. the BIRs were really quite small (particularly in the main bedroom), and there is a large commercial construction underway near the rear of the property.
We initially had concerns that privacy could be compromised upon completion of works, however selling agent, John Holdsworth, put our minds at ease. He explained that the office block under construction will have opaque glassing - ensuring privacy. Also, the high rear fences of this property means added privacy and security.
Hands down, the unbeatable aspect of this property is the location - mere metres from the Albert Park Village, and at the other end of the street, the beautiful St Vincent Gardens. Also walking distance to schools, transport, and everything else an occupier may desire. This position is unmatched.
This property has officially been #AstuteInspected. To find out more about this property - including capital growth, rent return, and our sale estimate, get in touch : 1300 736 638