Mark Armstrong is a director of iProperty Plan, which provides independent analysis and tailored advice to investors and home buyers.

e Email Me

meet one of our observers

Mark Armstrong

21 November 2012

Melbourne auction tipping: Single-fronted terrace in blue-chip Carlton North

Melbourne auction tipping: Single-fronted terrace in blue-chip Carlton North

The vendors of a single-fronted terrace in Carlton North will try to double their investment this weekend. 

There’s a website, www.propertytycoon.com.au, where punters can guess what they think properties will sell for at their weekend auctions in Melbourne and Sydney. This season Property Observer readers have their own competition, which you can access here. The winner of the overall competition will win $1,000.

A perfect, wider-than-normal single-fronted terrace at 213 Station Street, Carlton North, goes under the hammer on Saturday. The three-bedroom home has been fully renovated to maximise space and natural light and to offer all the attractions of a low-maintenance lifestyle. The blue-chip address is close to Rathdowne Village and Curtain Square, and within walking distance of the CBD.

It has been 10 years since the property was offered to the market and last time it fetched $415,000 at auction. This time agent Tom Roberts from Nelson Alexander expects the property to sell for $800,000 to $880,000.

p top listings

Take luxury city living to a new level