2008-2009 Financial Year Report
73 Flinders Lane, Sargood House, Melbourne
Harcourts City Residential
Architects: Sargood House, a sophisticated building which offers chic living with a soft industrial edge, was redesigned by Wood Marsh architects in 1996. Designed at the time to take advantage of the emerging trend of house sized apartments this boutique low density development is one of the city’s finest.
Facilities: security entrance, Lift, secure parking.
Demographics: Tucked away from the busy streets in Flinders Lane, Sargood house caters to an almost exclusively owner occupied clientele. The property is especially well suited to people looking for a city Apartment with the spaciousness of a suburban house. Rarely offered for sale these much sort after units command a special following of potential purchasers.
SALES RESULTS, SARGOOD HOUSE- Financial Year 08-09:*
No Sales were recorded in the 2008-2009 Financial year
RENTAL RESULTS – Financial Year 08-09:*
No rentals were reported in the 2008-2009 Financial year
Near-by Construction Underway: 260 million dollar plans to restore and extend the Historic Windsor Hotel have drawn mixed reactions, with some questioning the impact the 25 storey extension located at the rear of the property would have on the heritage feel of the Paris end of Melbourne. With construction slated to commence late 2010 it is sure to remain a discussion point.
73 Flinders Lane Forecast for the 09-10 Financial Year: Whilst early stagnation in 2009 caused by the GFC saw a reduction in clearance rates, confidence is returning to the high end market highlighted by some very prominent high end sales at the end of 2009.
Interest rates are expected to continue to rise through 2010 as the reserve bank reacts to the strengthening of the economy which will have an effect on some buyers budgets.
Sales Consultant – Harcourts City Residential
Ph: 03 9664 8100 Mob: 0411 456 770
Disclaimer: *Harcourts City Residential has gathered this information to provide an interesting document for apartment owners and prospective purchasers. Harcourts City Residential may not have affected any or all of the transactions noted; rather we’ve gathered as much market information as possible on ALL transactions to be as conclusive as possible.
Information contained herein is gathered from a range of sources including but not limited to; The Age Property Results, The Herald Sun Property Results, Valuer General Information & Agents own investigations. All efforts are made to verify the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions offered are just that, our opinions & observations and should not be treated as fact.
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