$2.75 million sought for contemporary Albert Park home

$2.75 million sought for contemporary Albert Park home
Jonathan ChancellorJuly 7, 2011

A three-storey Victorian terrace at 79 Merton Street, Albert Park, goes to weekend auction through Michael Coen at Hocking Stuart.

The four-bedroom Merton Street house on 178 square metres was given a price estimate between $2,750,000 to $3 million in the lead-up to its auction.

Guy Angwin from James Buyer Advocates notes its transformation has been extensive, to become a large, light-filled contemporary family home with many extras.

“The ground floor offers you a practical floor plan with the kitchen and family room linking to a rear paved courtyard.

“Families with children will find the extra dining/living rooms at the front of the property a bonus.

“This gives parents an opportunity to entertain with some privacy – away from children as they play in the family room.

“Upstairs all the bedrooms are of a good size, some having access to excellent balconies with views over the city.”

But Angwin suggests an opportunity may have been missed, with the large main bedroom not having an ensuite.

The property is well located and within easy walking distance of shopping, restaurants and public transport.

James Buyer Advocates gives it a 639 rating out of 1000.

“Whilst this property ticks most of the boxes; it's lack of off-street car parking may limit it's appeal,” Mr Angwin says.

https://www.james.net.au/rating/79-Merton-Street-ALBERT_PARK

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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