Nestled in the charming Bromley neighborhood, this cozy 2-bedroom, 1-bathroom home on 359 Linwood Avenue offers a promising investment. Constructed in 1979 with concrete walls and tiled roofing, this cross-lease property sits on a level contour with a well-maintained exterior. The current Capital Value (CV) of $375,000 reflects a significant increase from $230,000 in 2019, showcasing a growth rate of 63.04%. The property's latest sale was in 1996 for $62,000, highlighting its appreciating value.
With a CV of $375,000 and an HouGarden AVM of $347,500, this property presents a lucrative opportunity. The location is further enhanced by its proximity to Eastgate Mall and a range of schools, including Middleton Grange School (Decile 9) and Marian College (Decile 8), making it an ideal choice for families.
For those with a vision, this home is a blank canvas. The spacious floor area of 80 square meters, combined with a single car park and a private, fenced garden, provides a solid foundation for renovation and customization. Whether you seek a family home or an investment to add value, this property in a sought-after school zone is a gem waiting to be polished.
Updated on May 16, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.25 km | 3 | 1 | 110m2 | Year 2024 Month 04 Day 09 | $518,000 | Council approved | |
0.16 km | 2 | 1 | 66m2 | Year 2024 Month 04 Day 04 | $440,000 | Council approved | ||
 | 0.16 km | 3 | 1 | 106m2 | Year 2024 Month 04 Day 01 | $510,000 | Council approved | |
 | 0.26 km | 3 | 2 | -m2 | Year 2024 Month 02 Day 16 | $670,000 | Council approved | |
0.24 km | 2 | 1 | 98m2 | Year 2024 Month 01 Day 21 | $495,652 | Council approved |