Spring 2011 Property Guide Issue 101
MARKET REPORT
Well its spring time in Victoria and we can hardly believe Christmas is just around the corner. In the world of Real Estate we are often heard saying that it’s never dull and from the winter activity we have seen and judging from the level of current enquiry, this again rings true for the upcoming spring into summer seasons.
Around the globe it appears that a second GFC type event may be inevitable and whilst stock markets display never before seen volatility, the Australian dream of owning your own patch of dirt is again at the forefront of investors and occupiers visions alike. If you believe what you read and hear in the media that the dream is becoming more and more remote for many Australians, at Compton Green we continue to be pleasantly surprised by the level of enquiry and number of people seeking to secure a property in the inner west of Melbourne. With banks having recently displayed signs of easing the pain on borrowers by reducing fixed rates on their respective products, we are additionally encouraged by the responsibility shown by the RBA by holding rates. This move promotes confidence in those seeking borrowings to secure the property they desire. This of course has also been fuelled by the banks and independent lenders, eager to gain market share through their attempts to sway you from your current institution.
At Compton Green we are about to introduce some of the most significant changes to the business that it has seen since its inception in 1926. The most significant being the name change from Compton & Green to Compton Green and the removal of the ruby red which has sat along side the distinctive green since the beginning. In addition to the name change you will notice we have a fresh logo that symbolizes our commitment to the environment reflected in the leaf shape incorporating the appearance of the C and the G. The message that we convey is that we understand that real estate transactions represent significant “change” for those involved. Whether you are buying or selling, we feel we can facilitate the “change” the best way we know how through the conscientious abilities of our team. The change also flows from the recent take over by Adrian Butera and myself as Directors from Chris and Jill Angourias whom both devoted some 40 plus years to supporting change within the community.
The Compton Green family operating from two locations being Yarraville and Williamstown is devoted to facilitating change whether it is residential sales, property management or commercial property management and strives to continue to be industry leaders. Lastly, it’s my great pleasure to inform you that Adrian Butera again represented the state of Victoria in the Australasian Senior Auctioneers Competition this year held at the Sofitel Melbourne. Adrian with his distinctive call style, flawless counting and commanding performance was successful in making it through to the final round. It is a true testament to an Auctioneer and real estate leader boasting more than 20 years experience. Adrian continues to push himself to perform at his best and avails himself to be regularly judged by his peers in the industry. We wish you all the best in your search or sale and hope your change is a great experience. Brad Carlin-Smith Director 0466 605 522 bradc@comptongreen.com.au
20&21
10&11
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18&19
6&7
22&23
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15
16&17
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8&9
12&13
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10&11
Property Directory Suburb Address Amenities Yarraville 49 Wembley Avenue Bed 3 | Bath 2 Yarraville 5/8 Tongue Street Bed 2 | Bath 1 | Car 1 Yarraville 101 Somerville Road Bed 3 | Bath 1 | Car 1 Yarraville 5 Hughes Street Bed 3 | Bath 1 | Car 1 Yarraville 25 Hood Street Bed 4 | Bath 2 | Car 2 Yarraville 61 Fehon Street Bed 4 | Bath 2 | Car 5 Williamstown 1/54 Yarra Street Bed 2 | Bath 1 | Car 1 Williamstown 65 Victoria Street Bed 5 | Bath 3 | Car 3 Williamstown 47A Victoria Street Bed 3 | Bath 2 | Car 2 Williamstown 3/24 Twyford Street Bed 2 | Bath 1 | Car 1 Williamstown 2/33 The Strand Bed 3 | Bath 3 | Car 2 Williamstown 12/4 Techno Park Drive Rooms 3 | Bath 1 | Car 1 Williamstown 15/1 Syme Street Bed 1 | Bath 1 | Car 1 Williamstown 37 Park Crescent Bed 2 | Bath 1 | Car 2 Williamstown 42 Paas Place Bed 3 | Bath 2 | Car 3 Williamstown 228A Melbourne Road Bed 3 | Bath 1 | Car 2 Williamstown 53 Melbourne Road Bed 3 | Bath 2 | Car 2 Williamstown 20 Maclean Street Bed 3 | Bath 2 | Car 1 Williamstown 52/115 Kororoit Creek Road Bed 2 | Bath 2 | Car 1 Williamstown 18A Hannan Street Bed 3 | Bath 2 | Car 2 Williamstown 36 Hanmer Street Bed 3 | Bath 1 | Car 1 Williamstown 26 Giffard Street Bed 3 | Bath 1 Williamstown 2/4 Florence Street Bed 2 | Bath 1 | Car 2 Williamstown 13 Charles Street Bed 3+ | Bath 2 | Car 2 Williamstown 35 & 37 Cecil Street Bed 2 | Bath 1 West Footscray 44 Roberts Street Bed 2 | Bath 1 | Car 2 West Footscray 41 Ormond Road Bed 3 | Bath 1 | Car 2 West Footscray 55 Gwelo Street Bed 5 | Bath 3 | Car 3 West Footscray 114 Cross Street Bed 3 | Bath 1 | Car 3 Tarneit 3 Mirror Place Bed 4 | Bath 2 | Car 2 Tarneit 27 Kirrama Street LAND Tarneit 78 Damask Drive Bed 3 | Bath 2 | Car 2 Sunshine West 75 Nicholson Street Bed 3 | Bath 2 | Car 2 Spotswood 16 Watt Street Bed 2+ | Bath 1 | Car 4 Spotswood 14A Muir Street Bed 3 | Bath 1 | Car 1 South Kingsville 52 Vernon Street Bed 3 | Bath 2 | Car 1 South Kingsville 1/37-41 Vernon Street Bed 2 | Bath 1 | Car 1 Seddon 34 Seddon Street Bed 3 | Bath 1 | Car 2 Seddon 2/28 Hobbs Street Bed 2 | Bath 1 | Car 1 Newport 99 William Street Bed 3 | Bath 1 | Car 2 Newport 2/29 Schutt Street Bed 1 | Bath 1 | Car 1 Newport 6A Severn Street Bed 4 | Bath 2 | Car 2 Newport 1/24 Newcastle Street Bed 2 | Bath 1 | Car 1 Newport 54 Mason Street Bed 4 | Bath 1 | Car 2 Newport 191 John Liston Drive Bed 3 | Bath 2 | Car 2 Newport 40A Graham Street Bed 4 | Bath 3 | Car 2 Newport 32 Challis Street Bed 3 | Bath 1 Newport 66 Alma Terrace Bed 3 | Bath 1 Maribyrnong 32 Dale Street Bed 3 | Bath 2 | Car 2 Maidstone 22/8 Crefden Street Bed 2 | Bath 1 | Car 1 Maidstone 14/4 Crefden Street Bed 1 | Bath 1 | Car 1 Kingsville 162 Williamstown Road Bed 3 | Bath 1 | Car 1 Kingsville 38 Williamstown Road Bed 3 | Bath 1 | Car 1 Kingsville 157 Chirnside Street Bed 3 | Bath 1 | Car 2 Footscray 10 Raleigh Street Bed 3 | Bath 1 | Car 1 Footscray 24 Jamieson Street Bed 3 | Bath 1 | Car 2 Brooklyn 3/50 Conifer Avenue Bed 2 | Bath 1 | Car 1 Braybrook 317 Ballarat Road Bed 2 | Bath 1 | Car 3 Altona North 4 Prentice Street Bed 3 | Bath 1 | Car 6 Altona North 23 Hearn Street Bed 3 | Bath 2 | Car 2 Altona North 2/2 May Street Bed 2 | Bath 1 | Car 1 Altona 102/115-117 Pier Street Bed 2 | Bath 2 | Car 1
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Price Page $600,000-$640,000 Martin Rankin 0421 605 271 $400,000-$440,000 8&9 $490,000-$530,000 3 $510,000-$560,000 Huss Saad 0413 364 769 $990,000-$1,100,000 15 $1,300,000 plus 18 & 19 $355,000-$365,000 Nathan Johnson 0410 331 032 Under Offer Colin Rich 0414 397 164 $1,600,000 Dee Gibson 0416 091 369 $420,000-$460,000 Susie O’Neill 0417 755 450 $2,050,000 Dee Gibson 0416 091 369 POA Colin Rich 0414 397 164 $329,000 Tino Parisi 0425 755 655 $500,000-$550,000 Tino Parisi 0425 755 655 $800,000-$880,000 10 & 11 $590,000-$650,000 12 & 13 POA Susie O’Neill 0417 755 450 $1,050,000-$1,150,000 Susie O’Neill 0417 755 450 $280,000-$320,000 Huss Saad 0413 364 769 $1,150,000 Colin Rich 0414 397 164 $950,000-$990,000 Colin Rich 0414 397 164 $695,000-$719,500 Colin Rich 0414 397 164 $430,000 Steele Sexton 0403 557 711 $1,000,000-$1,050,000 Tino Parisi 0425 755 655 $420,000-$450,000 each Colin Rich 0414 397 164 Under Offer Aaron Kelly 0408 501 098 $529,000 Colin Rich 0414 397 164 $559,000 Aaron Kelly 0408 501 098 $430,000-$470,000 14 Offers from $355,000 Robert Kreskas 0432 447 018 $255,000 Robert Kreskas 0432 447 018 $379,500 Robert Kreskas 0432 447 018 $360,000-$400,000 Susie O’Neill 0417 755 450 $599,000 Tino Parisi 0425 755 655 $489,000 Tino Parisi 0425 755 655 $650,000 plus Martin Rankin 0421 605 271 $530,000 John Galea 0405 564 669 $$870,000-$930,000 Martin Rankin 0421 605 271 $480,000-$520,000 5 $720,000-$790,000 22 & 23 $269,000 Robert Kreskas 0432 447 018 $725,000 Huss Saad 0413 364 769 $470,000-$500,000 20 & 21 $690,000-$750,000 6&7 $700,000-$740,000 24 $750,000 John Galea 0405 564 669 $520,000-$560,000 Nathan Johnson 0410 331 032 $810,000 Susie O’Neill 0417 755 450 $690,000-$710,000 16 & 17 $385,000 Robert Kreskas 0432 447 018 $339,500 Robert Kreskas 0432 447 018 $550,000 Dee Gibson 0416 091 369 $500,000-$550,000 Martin Rankin 0421 605 271 $580,000-$620,000 Martin Rankin 0421 605 271 $800,000-$880,000 4 $505,000 John Galea 0405 564 669 $379,000 Colin Rich 0414 397 164 $498,000 Aaron Kelly 0408 501 098 $630,000 John Galea 0405 564 669 $627,000 Colin Rich 0414 397 164 $295,000-$325,000 Tino Parisi 0425 755 655 $459,000 Brad Carlin-Smith 0466 605 522
Yarraville 101 Somerville Road A focus on low-maintenance luxury enhances this modern home’s single level spaces in a location where convenience is key. Inviting living/dining areas and an open-plan kitchen with island bench, Caesar-stone finishes and twin drawer dish-washer are complemented by sunny central courtyard and landscaped retreat at the rear. Three bedrooms surrounding a well designed bathroom deliver ideal accommodation. Heating and cooling, separate laundry and carport accessed from Alice Street complete an ideal opportunity to achieve first home buyer and/or strategic investment success. Features Price
Bed 3 | Bath 1 | Car 1 $490,000-$530,000
Auction
10am Saturday 15th October on location
Contact
Martin Rankin 0421 605 270 & Susie O’Neill 0417 755 450 Yarraville 9314 1188 or visit comptongreen.com.au
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Footscray 10 Raleigh Street A local landmark since 1909, poised to offer future full of promise, ERCILDOUNE’s allotment of over 700sqm suggests rewarding development scope, STCA, in the heart of a central Footscray precinct for which the state government has recently released a development overlay allowing new buildings of up to six levels. Proximity to Footscray station, the Market and all the area’s restaurants adds to the impetus for making the utmost of this exceptional site. At present, rich period originality is expressed throughout an inviting entrance hall, huge living room, bright dining area and three generously sized bedrooms. The north-facing garden’s impressive dimensions include a huge studio/home office, ample car parking and a wealth of possibilities! Features Price Auction Contact
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Bed 3 | Bath 1 | Car 2 $800,000-$880,000 11am Saturday 15th October on location Hass Saad 0413 364 769 & Martin Rankin 0421 605 271 Yarraville 9314 1188 or visit comptongreen.com.au
Seddon 2/28 Hobbs Street Enhanced by an impeccably maintained boutique development of only four, this bright two bedroom villa provides the perfect introduction to what is acknowledged as one of the inner city’s most attractive precincts. Gamon Street and Charles Street offer impressive shops and cafes and Seddon station means easy CBD access complements impeccable single level spaces including light-filled living and separate kitchen/meals that surround an attractive, low-maintenance courtyard. Ducted heating and cooling, new carpets and painting, separate laundry and secure single garage. Features Enquire Auction Contact
Bed 2 | Bath 1 | Car 1 $480,000-$520,000 11:30am Saturday 22nd October on location Martin Rankin 0421 605 271 & Donna Waters 0408 372 482 Yarraville 9314 1188 or visit comptongreen.com.au
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Newport 54 Mason Street
Lifestyle Assets In Literally Every Direction!
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In addition to putting every Mason Street asset within such easy reach, this fully renovated four bedroom Californian is further advantaged by direct access to Hoffman Reserve. The appeal of such a conveniently central position is made even more attractive by this home’s charming sense of serenity. Northern light fills modern living/dining areas accompanied by an open-plan kitchen while under-cover decking and landscaped gardens deliver outdoor appeal. Open fire-places, central heating, reverse cycle cooling, 1000L water tank and off street parking. Love it! Features Price
Bed 4 | Bath 1 | Car 2 $690,000-$750,000
Auction
1pm Saturday 15th October on location
Contact
Susie O’Neill 0417 755 450 & Adrian Butera 0409 099 791 Williamstown 9397 1600 or visit comptongreen.com.au
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Yarraville 5/8 Tongue Street
The Ideal Townhouse Template
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In a townhouse development that represents an ideal example of inner city design, this light-filled two bedroom property responds to modern lifestyle needs in exactly the low-maintenance manner we wish for. Downstairs living and adjoining kitchen/dining areas lead to a rear courtyard retreat that makes the most of north facing aspects. Upstairs accommodation includes main bedroom with balcony. One of only eight, with allocated off street parking, this instantly engaging townhouse, one of only eight, is close to Seddon station. Features Price
Bed 2 | Bath 1 | Car 1 $400,000-$440,000
Auction
1pm Saturday 15th October on location
Contact
Huss Saad 0413 364 769 & Martin Rankin 0421 605 271 Yarraville 9314 1188 or visit comptongreen.com.au
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Williamstown 42 Paas Place
Living at its Finest
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Nestled in a family friendly street the home boasts all those features families seek. A quality construction maximising the layout to ensure easy living that just makes sense. Close to all that Williamstown coastal living has to offer, beaches, schools, parkland shops and cafes.. Master bedroom with WIR and en suite bathroom. Large 2nd floor balcony area accessible via Master bedroom takes in ocean views and sea breezes. Two additional bedrooms upstairs are spacious and both comprise BIR’s. Two living zones ideal for parent get-a-ways and movie nights in addition to a study area that could easily be a nursery. Large kitchen area that flows into a family room which extends via bi fold doors to the rear decking area. Features Price Auction Contact
Bed 3 | Bath 2 | Car 3 $800,000-$880,000 2pm Saturday 15th October on location Brad Carlin-Smith 0466 605 522 Dee Gibson 0416 091 369 Williamstown 9397 1600 or visit comptongreen.com.au
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Williamstown 228A Melbourne Road
Bringing The Outside In - Beautifully
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This instantly inviting deco era three bedroom home’s sense of space is further enhanced by a beautiful blurring of the indoor-outdoor boundary. Generous north easterly living/dining areas flow seamlessly to designer decking and a garden backdrop through bi-fold doors that allow the outside in and take the inside out! An open-plan kitchen’s stainless steel La Germania oven and Asko dish-washer ensure efficiency matches modern elegance. Scintillating contemporary bathroom. Reverse cycle heating/cooling. Rear carport adds to the convenience of a pivotal position! Features Price
Bed 3 | Bath 1 | Car 2 $590,000-$650,000
Auction
11am Saturday 22nd October on location
Contact
Susie O’Neill 0417 755 450 & Adrian Butera 0409 099 791 Williamstown 9397 1600 or visit comptongreen.com.au
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West Footscray 114 Cross Street This charming light filled 3 bedroom weatherboard with its updated kitchen and large open spaces is the ideal starter. Enjoy its great proximity to the vibrant Barkly Street Village. Close to public transport and no need to renovate, just move straight in. Features: High ceilings, gas heater, evaporative cooling, built in robes, large single lock up garage & long driveway. Features Price
Bed 3 | Bath 1 | Car 3 $430,000-$470,000
Auction
2pm Saturday 22nd October on location
Contact
Rob Kreskas 0432 447 018 & John Galea 0405 564 669 Yarraville 9314 1188 or visit comptongreen.com.au
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Yarraville 25 Hood Street The balance between light-filled contemporary spaces and fully renovated period proportions has been beautifully achieved throughout this landmark home. North-facing living and dining domains surround a state-of-the-art Caesarstone kitchen with island bench/breakfast bar, walk-in pantry and appliances by Technika and Bosch before opening at three points to Spotted Gum decking that makes outdoor entertaining a delight. Two downstairs bedrooms including main bedroom with seductive travertine ensuite are complemented upstairs by two bright further bedrooms, second travertine bathroom and generous additional living space. Comprehensive luxury list led by central heating, evaporative cooling, ducted vacuum, video security and car parking via second street frontage. Perfect! Features Price Auction Contact
Bed 4 | Bath 2 | Car 2 $990,000-$1,100,000 11:30am Sunday 23rd October on location Rob Kreskas 0432 447 018 & John Galea 0405 564 669 Yarraville 9314 1188 or visit comptongreen.com.au
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Maribyrnong 32 Dale Street
Privileged River-side Pocket
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A corner allotment offering attractive elevation and coveted proximity to parkland, bike paths and the river complements this entirely original late 1970s three bedroom, two bathroom residence. Large, light-filled living and dining spaces characteristic of their era are matched for size and impeccably preserved style by a generous kitchen, adjoining family meals area and entertaining zone featuring a fitted bar. Gas heating, ducted cooling, cellar/storage and secure garage complete an enticing property to appreciate, then update, surrounded by sunny garden spaces. Features Price Auction Contact
Bed 3 | Bath 2 | Car 2 $690,000-$710,000 12pm Saturday 22nd October on location Rob Kreskas 0432 447 018 & Brad Carlin-Smith 0466 605 522 Yarraville 9314 1188 or visit comptongreen.com.au
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Yarraville 61 Fehon Street
Undeniably Desirable!
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This landmark four bedroom, two bathroom home’s balance of renovated period spaces and fresh designer dimensions provide the perfect response to modern lifestyle priorities in one of Yarraville’s most coveted locations. Light-filled indoor-outdoor living/dining areas offer surround sound and distinctive zones within an open-plan context, enhanced by a contemporary kitchen featuring island bench, quality appliances and walkin pantry. Ducted heating, evaporative cooling and successful solar passive design further appeal in a corner setting complemented by secure car parking accessed from Gladstone Street. Features Price
Bed 4 | Bath 2 | Car 2 $1,300,000 Plus
Auction
1pm Saturday 22nd October on location
Contact
Martin Rankin 0421 605 271, Susie O’Neill 0417 755 450 & Donna Waters 0408 372 482 Yarraville 9314 1188 or visit comptongreen.com.au
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Newport 1/24 Newcastle Street
Something very special Circa 1885 - Coffee House Terraces!
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The ideal town residence offering the best in city fringe living. A classic renovation capturing grand period detail and a modern low maintenance lifestyle. There are 2 living areas downstairs and a well appointed kitchen. Upstairs are 2 large bedrooms serviced by an updated bathroom. Also enjoy the sunny common courtyard. Excellent off street parking via rear lane to lock up garage. All within easy access to public transport, schools and shops. A limited opportunity to be a part of a local historic building and a wonderful Newport landmark. Features Price
Bed 2 | Bath 1 | Car 1 $470,000-$500,000
Auction
2pm Saturday 22nd October on location
Contact
Nathan Johnson 0410 331 032 & Brad Carlin-Smith 0466 605 522 Williamstown 9397 1600 or visit comptongreen.com.au
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Newport 99 William Street
‘Orita’ – Move In & Enjoy!
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In a quiet, leafy street, ‘Orita’ is an immaculate Californian bungalow with a beautifully renovated interior. ‘Orita’ has exceptional street presence with a large established front garden and from the moment you enter this stunning home you will be captured by a blend of period charm and contemporary finishes. Three light-filled bedrooms include substantial BIR’s & two open fireplaces and are serviced by a bright updated central bathroom. The openplan kitchen is filled with natural light and has quality stainless steel appliances, island bench with breakfast bar, dishwasher, designer range hood, glass splashbacks, ample cupboards, downlights and modern blinds. Features Price
Bed 3 | Bath 1 | Car 2 $720,000-$790,000
Auction
3pm Saturday 22nd October on location
Contact
Susie O’Neill 0417 755 450 & Adrian Butera 0409 099 791 Williamstown 9397 1600 or visit comptongreen.com.au
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Newport 191 John Liston Drive Designed so that generous indoor spaces are divided into distinctive zones, the inviting downstairs domains of this refined three bedroom, two bathroom contemporary home are complemented by a beautifully landscaped outdoor backdrop. Bright ideas receive brilliant expression throughout a large living/entertaining area before the open-plan kitchen/dining and additional living space flows seamlessly to the courtyard’s private proportions, luscious landscaping and automatic weather sensor awning. Ducted heating, reverse cycle cooling, solar panel power and double garage enhance designer spaces moments from public transport, shops and eating spots. Features
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Bed 3 | Bath 2 | Car 2
Enquire
$700,000-$740,000
Auction
10am Saturday 5th November on location
Contact
Tino Parissi 0425 755 655 & Nathan Johnson 0410 331 032 Williamstown 9397 1600 or visit comptongreen.com.au
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how green is your investment? Goes Green is an exciting initiative developed by Compton Green, your local real estate agent for over 80 years. Because houses are our business, we concentrated on water saving measures and other ‘green’ concerns, soon realising our research may help our landlords (and subsequently, their tenants). By developing a simple checklist and plan for improving the ‘green’ credentials of properties under our management, we believed we could create real benefits for all involved. Hence, Goes Green was born. Now we direct our attention to all landlords to make them aware of all the areas we can assist them in improving their homes. Goes Green aims to help our environment, save money for the tenant and add value to our landlords investment.
To find out how to green up your investment property contact your local Compton Green office or visit goesgreen.com.au