Elwood family home has wide appeal

Elwood family home has wide appeal
Mal JamesSeptember 8, 2011

62 Addison Street, Elwood, VIC, 3184

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Built in 1972 this style of property is growing in popularity and given the land content and its position in one of Elwood's better streets you would expect buyer interest. Floor plan flexibility is good with most rooms in the right position, what may concern family buyers is the limited two bedrooms. At a pinch you could use the room on the south west corner as a nursery in the short term - long term it size would be an issue if a teenager had to sleep there. The lounge/dining room connects well with the decking and pool beyond and provides good additional entertaining areas. This style of architecture is typified by low ceilings which can restrict light penetration. This is not the case here as there are numerous sky lights, floor to ceiling windows and a centrally positioned light well. You are within walking distance of the beach and all the eclectic shops and cafes in Acland Street, what you don't have is easy access to the train if it was required to get into the CBD. The quote has already started to more north, which is unusal in the current market conditions, suggesting this unique property may appeal to many buyers.

James Buyer Advocates gives this property a rating of 737 out of 1,000, which is in the above average category. Kay & Burton agent Alex Schiavo is marketing the property with $2 million plus hopes. It goes to auction on Saturday, September 10 at 1pm. 

Mal James

Mal James is principal of James Buyer Advocates, which advocates on behalf of buyers of property over $1 million.

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