澳洲Australia property Value of this Marrickville land? (810 m²)


在澳大利亚 Appologies for all the threads, I dont have much time to get organised before the auction on Saturday. I had a question about the solicitor/conveyancing fees. I remember last time I had this done it cost over $1000. But that was soliciting t I have been looking at units in Sydneys upper North Shore. Only in Ku-Ring-gai so up to Wahroonga. The area seems to offer good fundamentals, is very popular and in general seems to be a lovely place. My favoured location to buy I think is G


Anyone care to estimate how much this land is likely to be worth/will sell for? http://www.realestate.com.au/property-residential+land-nsw-marrickville-200528231

Just curious as I'd imagine developers would fix their gaze on a lot like this.  

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Sold for $1,925,000
Residential Land
Sold Date: Sat 13-Apr-13  

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Wow thats a lot of cheese for vacant land in Marrickville. How times have changes.

Regards

Shahin  

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TheFinanceShop said: ↑
Wow thats a lot of cheese

Regards

ShahinClick to expand...
Saganaki though..........

ta
rolf  

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Wow, what a crazy price. Not a great location, either.  

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They are going to do terrace boxes like they have done for the other side of the street.

Regards

Shahin  

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It's all a bit boxy in that pocket. How many would they fit on 800sqm?  

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depreciator said: ↑
Wow, what a crazy price. Not a great location, either.Click to expand...
Bad location? Actually, it's a great location there. Have you seen how the prices are changing in Enmore? This area is more enmore and close to Newtown King st, etc. If you develop the block right, the profits are likely to be very good.  

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I'm not convinced on the location. The only thing it has going for it is the proximity to Enmore Park. That's a lousy street - or lane, rather. It's on the fringe of that industrial area and might cop a bit of plane noise - landings. Too far to walk to a train station and a long way from King Street.
But ten years down the track that whole pocket will be very different, so it will all work out well.  

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Sometimes it's not the market value but perceived/demanded/created value that dictates the price. It's whether the deal and numbers hold up for the developer.
It's not just Enmore that's on the rise but all surrounding suburbs too!  

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