Weekend auction tipping
An extremely tighly held apartment in South Yarra is likely to attract fierce competition when it goes to auction this weekend, according to Mark Armstrong from Property Tycoon.
"Scarce does not begin to describe 6/50 Marne St South Yarra going to auction this Saturday," Armstrong says.
He points out that it has not been sold in 30 years and is likely to appeal to a wide range of potential buyers.
"Located within walking distance to the Botanic Gardens, Fawkner Park and Domain Road cafes, this massive 21.5 square [about 200-square-metre] apartment will he highly sought after by downsizing baby boomers, home buyers and investors who are all looking to capture a unique South Yarra property."
Agent: RT Edgar agent David Colbran
Quote: $1.6 million plus
Last Sold: No previous sale on record
Suburb median: $590,000
Five-year median growth: 11.33%
If you think you know what it will sell for place a tip at Property Tycoon.
