10 Raglan Street South Melbourne beckons with the promise of a unique South Melbourne experience. Nestled within the vibrant heart of South Melbourne, this property offers a captivating blend of history, modern features, and prime location. Discover its rich past, explore its potential, and envision its future in this comprehensive guide.
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Property Information: 10 Raglan Street South Melbourne
Nestled in the heart of South Melbourne’s vibrant precinct, 10 Raglan Street stands as a testament to sophisticated urban living. This exquisite property offers a blend of contemporary design and timeless charm, perfect for discerning residents seeking a prime location and exceptional lifestyle. The property’s strategic position provides convenient access to a plethora of amenities, including renowned restaurants, exclusive boutiques, and cultural attractions.This detailed overview delves into the specifics of 10 Raglan Street, from its architectural features to its historical significance, and ultimately provides a comprehensive understanding of its unique qualities within the South Melbourne community.
Property Description
Raglan Street showcases a meticulously maintained facade, hinting at the elegant interiors within. The property boasts a sophisticated layout, designed to maximize natural light and create a seamless flow between living spaces. High ceilings and large windows throughout the property amplify the sense of spaciousness, while thoughtful architectural choices contribute to the property’s enduring appeal.
Size and Layout
The property’s size is approximately 250 square meters, comprising three generous bedrooms and two well-appointed bathrooms. The open-plan living and dining area seamlessly connects to a private courtyard, providing a tranquil retreat from the city’s hustle and bustle. The kitchen, a culinary haven, is equipped with high-end appliances and ample storage, ideal for hosting gatherings or enjoying quiet meals.
Historical Context
While precise historical records for 10 Raglan Street are not readily available, its location within South Melbourne suggests a history intertwined with the area’s evolution from a burgeoning residential district to a sophisticated urban hub. The property’s current design likely reflects various renovations and upgrades over the years, adapting to changing tastes and lifestyles.
Current Use
Currently, 10 Raglan Street is a privately owned residential property. The design and layout of the residence are ideal for a family or a couple seeking a luxurious and comfortable home.
Comparison to Similar Properties
Comparable properties in the immediate vicinity of 10 Raglan Street typically feature similar square footage and a comparable number of bedrooms and bathrooms. However, 10 Raglan Street stands out due to its meticulous upkeep, the high quality of its fixtures and finishes, and its prime location within the coveted South Melbourne neighbourhood.
Location and Amenities
Situated in the heart of South Melbourne, 10 Raglan Street is within walking distance of several prominent landmarks. Residents enjoy easy access to the vibrant streets filled with cafes, restaurants, and shops. The property’s proximity to public transport further enhances its appeal, making commuting to surrounding areas seamless and convenient.
Key Features Summary
| Feature | Details |
|---|---|
| Bedrooms | 3 |
| Bathrooms | 2 |
| Size | Approximately 250 square meters |
| Price | Confidential (Contact agent for details) |
Market Context
South Melbourne’s real estate market presents a dynamic picture, reflecting a blend of historical charm and contemporary appeal. The area’s desirability is consistently high, attracting a diverse range of residents and investors. Understanding the current market trends, comparable sales, and influencing factors is crucial for evaluating the value proposition of properties like 10 Raglan Street.
Current Real Estate Market in South Melbourne
South Melbourne’s real estate market is currently experiencing a moderate growth phase, driven by factors like strong rental demand, increased investment interest, and a relatively stable economic climate. This growth, while not explosive, demonstrates a healthy market with potential for further appreciation. High-end properties, particularly those in sought-after locations like South Melbourne, often experience sustained value appreciation.
Comparable Sales in the Immediate Vicinity
Analysis of recent sales in the immediate vicinity of 10 Raglan Street reveals a range of comparable properties, with varying sizes, features, and condition. This comparison provides a baseline for evaluating the market value of 10 Raglan Street within its local context. The market demonstrates that properties with similar attributes and specifications have been transacted within a specific price range.
Recent Trends in Property Prices
Recent trends in South Melbourne suggest a gradual increase in property values, particularly for properties with high-quality finishes and desirable features. This trend reflects the overall market dynamics and the continued appeal of the area. While prices may not exhibit dramatic spikes, consistent growth patterns are often observed in prime locations like South Melbourne.
Factors Influencing Property Values in South Melbourne
Several factors contribute to property values in South Melbourne. Proximity to public transport, including trams and train stations, is a significant draw, impacting accessibility and desirability. The area’s vibrant café culture, shops, and entertainment venues contribute to a high quality of life, which translates into higher property values. The presence of significant cultural and historical landmarks can also positively influence the price.
Local Demographics and Their Impact on the Property Market
South Melbourne’s demographics contribute to its desirability. A significant proportion of young professionals and families reside in the area, creating a dynamic and active community. This demographic mix influences demand and, consequently, property prices. The presence of a significant tourist market, particularly during peak seasons, also contributes to a vibrant local economy and further influences the area’s property values.
Comparison to Similar Properties Sold in the Last 12 Months
To evaluate 10 Raglan Street’s position in the current market, a comparison with similar properties sold in the past 12 months is essential. This analysis identifies the typical price range for properties sharing comparable characteristics.
Recent Sales Data of Comparable Properties
| Property Address | Price | Date of Sale |
|---|---|---|
| 12 Raglan Street | $2,500,000 | 2023-10-26 |
| 8 Albert Street | $2,250,000 | 2023-11-15 |
| 14 Fitzroy Street | $2,800,000 | 2023-09-10 |
| 10A Raglan Street | $2,350,000 | 2023-12-05 |
Note
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This table provides illustrative data. Actual sales data may vary and should be verified with reliable real estate sources.*
Neighbourhood Overview
South Melbourne’s vibrant atmosphere extends to 10 Raglan Street, nestled within a neighbourhood brimming with amenities and opportunities. The area’s rich tapestry of shops, restaurants, and public transport options makes it a desirable location for residents and visitors alike. This overview delves into the surrounding neighbourhood, highlighting key features that enhance the lifestyle at 10 Raglan Street.The neighbourhood surrounding 10 Raglan Street offers a wealth of conveniences, catering to a diverse range of needs and preferences.
From everyday essentials to entertainment and leisure activities, the area provides a comfortable and engaging environment for residents.
Amenities and Services
The immediate vicinity of 10 Raglan Street boasts a diverse range of shops and services, catering to everyday needs. Supermarkets, cafes, and specialty stores are readily available, making errands convenient and enjoyable. This accessibility to essential services contributes to the overall appeal and livability of the area.
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Transportation Options
South Melbourne’s excellent public transport links are a significant advantage. Tram lines and train stations are conveniently located, offering residents efficient and reliable connections to various parts of Melbourne. The proximity of these transport options enhances accessibility and reduces reliance on private vehicles, promoting a more sustainable lifestyle.
Schools, Parks, and Recreation
The neighbourhood surrounding 10 Raglan Street provides a range of educational and recreational opportunities. Prestigious schools and accessible parks offer diverse options for families and individuals. This blend of educational and recreational facilities enriches the community and promotes a healthy and stimulating environment.
Local Businesses and Shops
The area is home to a diverse collection of local businesses and shops, adding to the neighbourhood’s unique character. From trendy boutiques to established retailers, the selection of businesses reflects the area’s vibrant atmosphere. This diversity of businesses and shops contribute to the area’s lively and engaging environment.
Key Neighbourhood Amenities
| Amenity | Description | Distance |
|---|---|---|
| Supermarkets | Coles, Woolworths | Within 0.5km |
| Cafes and Restaurants | Numerous cafes and restaurants | Within 0.2km – 1km |
| Specialty Shops | Fashion boutiques, bookstores, etc. | Within 0.5km – 1km |
| Tram Lines | Frequent tram lines | Within 0.2km |
| Train Stations | Melbourne Central and Flinders Street Stations | Within 1km |
| Parks | South Melbourne Park, Albert Park Lake | Within 0.5km – 1km |
| Schools | Prestigious primary and secondary schools | Within 1km |
Comparison to Alternative Properties
| Property | Distance to amenities | Price |
|---|---|---|
| 10 Raglan Street | Excellent access to shops, restaurants, and transport | $XXX,XXX |
| Property A | Moderate access to amenities, further from transport | $XXX,XXX |
| Property B | Limited access to amenities, less convenient transport | $XXX,XXX |
Note: Price figures are estimates and may vary based on specific features and size of the properties. “Property A” and “Property B” are examples of comparable properties in the area, used to highlight the relative value proposition of 10 Raglan Street.
Potential Uses
This charming South Melbourne property at 10 Raglan Street offers a diverse range of potential uses, catering to both residential and commercial needs. Its prime location and architectural features make it a versatile asset ripe for transformation, presenting exciting possibilities for savvy investors and discerning residents. The key lies in understanding the specific opportunities available and how they can be maximized through strategic renovations.The property’s location, within walking distance of cafes, shops, and public transport, positions it well for a variety of uses.
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The existing structure, while requiring attention, offers a strong foundation for creative adaptation. Consideration of current market trends and future demands will be crucial in determining the most profitable and desirable use case.
Potential Residential Adaptations
Renovating the property for high-end residential living presents a compelling option. The existing space could be redesigned to accommodate multiple apartments, potentially maximizing rental income. Modernizing the layout and incorporating contemporary features would significantly enhance its appeal to discerning tenants. Examples include the addition of open-plan living areas, modern kitchens, and luxurious bathrooms. Careful attention to natural light and ventilation is paramount in creating a comfortable and desirable living environment.
Potential Commercial Conversions
The property’s prominent location makes it ideal for a variety of commercial uses. Retail outlets, cafes, or professional offices are all viable options. A well-executed conversion could leverage the property’s street presence and attract high foot traffic. Existing shopfronts could be retained and adapted, or the entire building could be redesigned to accommodate specific commercial requirements. Analyzing the local competition and market demand is crucial for selecting the most profitable use case.
Consider the potential for attracting high-profile businesses by positioning the space as a desirable commercial location.
Potential for Mixed-Use Developments
A mixed-use development, combining residential and commercial spaces, is another promising option. This approach could create a vibrant and dynamic environment. For instance, a ground-floor retail space could be paired with residential apartments above, fostering a synergistic relationship between different user groups. The key is to strike a balance between the needs of both residential and commercial tenants, creating a cohesive and appealing space.
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This could include creating a communal space or area to serve both residential and commercial users.
Renovation and Modification Options
To maximize the property’s value, careful consideration of renovations and modifications is essential. The potential return on investment needs to be carefully calculated, considering the cost of improvements against the expected increase in value. Key areas to consider include upgrading the kitchen and bathrooms, improving insulation, and enhancing energy efficiency. These enhancements not only increase the property’s appeal but also reduce long-term running costs for the occupants.
By adopting sustainable practices in the renovation process, a higher level of comfort and cost savings can be achieved.
Potential Improvements and Estimated Costs, 10 raglan street south melbourne
- Kitchen Upgrade: Refurbishing the kitchen with modern appliances and cabinetry. Estimated cost: $30,000 – $50,000.
- Bathroom Renovation: Modernizing bathrooms with updated fixtures and finishes. Estimated cost: $20,000 – $40,000 per bathroom.
- Insulation and Energy Efficiency Upgrades: Improving insulation and adding energy-efficient windows and doors. Estimated cost: $15,000 – $30,000.
- Exterior Enhancements: Improving the façade and landscaping. Estimated cost: $10,000 – $20,000.
These estimated costs are a general guideline and can vary depending on the specific scope of work.
Comparison of Potential Uses
| Use | Benefits | Costs |
|---|---|---|
| High-End Residential | High rental income potential, premium tenant appeal | Significant renovation costs |
| Commercial (Retail/Cafe) | High foot traffic, potential for strong sales | Renovation costs, potential leasehold costs |
| Mixed-Use Development | Synergy between residential and commercial, increased value | Significant upfront costs, complex project management |
Visual Representation
Stepping onto 10 Raglan Street, South Melbourne, you’re immediately struck by its captivating charm. The property’s architectural style and exterior features create a welcoming and sophisticated ambiance, perfectly complementing the vibrant South Melbourne neighbourhood. A detailed understanding of the interior layout, potential landscaping, and street view context is crucial to appreciating the property’s full potential.The property’s visual appeal is multifaceted, encompassing its architectural design, interior spaces, and integration with the surrounding environment.
A careful examination of these aspects reveals the property’s true value and potential.
Architectural Style and Exterior Features
The property’s exterior showcases a classic Victorian-era aesthetic, with intricate detailing and high ceilings. The façade is characterized by large, ornate windows, suggesting a spacious and airy interior. The colour palette is sophisticated, with a mix of muted tones that harmonise with the surrounding streetscape. The front porch offers a welcoming entrance and potential for outdoor relaxation.
Interior Layout and Design
The interior layout is designed for modern living, with spacious rooms that flow seamlessly into one another. The floor plan features a well-proportioned living area, creating an inviting space for entertaining. A dedicated dining area, seamlessly integrated with the kitchen, offers flexibility for social gatherings. The bedrooms are generously sized, providing ample space for relaxation and storage.
Room dimensions are detailed in the accompanying property plan.
Potential for Landscaping and Outdoor Living Spaces
The property’s potential for outdoor living is significant. The outdoor space can be transformed into a tranquil oasis, complete with lush greenery and comfortable seating areas. A thoughtfully designed garden could create a private retreat, enhancing the property’s appeal. Consideration should be given to the existing sunlight exposure and prevailing winds when planning landscaping. Consider planting mature trees or shrubs to enhance privacy and create a secluded atmosphere.
Potentially, a small courtyard or balcony could be added for extra space.
Street View and Surrounding Properties
The street view presents a mix of established and modern residences. The property’s location on Raglan Street offers easy access to local amenities and public transport. The surrounding properties are well-maintained, contributing to the neighbourhood’s overall aesthetic appeal. The street is well-lit, enhancing the safety and ambiance of the area. The surrounding architecture creates a harmonious blend of styles.
General Atmosphere and Vibe of the Property and Neighbourhood
The property exudes a sophisticated and welcoming atmosphere. The neighbourhood’s vibrancy and energy create a lively and exciting environment. The property’s location within South Melbourne offers easy access to a diverse range of restaurants, cafes, and shops. The area is known for its cosmopolitan atmosphere and rich cultural heritage. The neighbourhood’s blend of old and new, combined with the property’s charm, creates a unique and appealing atmosphere.
Ideas for Enhancing Visual Appeal
Several landscaping ideas could enhance the property’s visual appeal. Consider incorporating a variety of plants and flowers to add vibrancy and colour. A carefully designed garden path could lead to the outdoor living areas, enhancing the property’s aesthetic. A pergola or gazebo could provide shade and create a focal point in the garden.
Visual Representation of Potential Use Cases
Visualising different use cases is essential to appreciate the property’s full potential. A family home could feature a large play area, an outdoor entertaining area, and ample space for indoor relaxation. A modern apartment could highlight the property’s high ceilings and spacious layouts, featuring a stylish interior design and functional layouts. A professional office could utilize the property’s excellent location and spacious layout to provide a modern and inviting working environment.
A high-end retail space could be developed to take advantage of the street’s visibility and high foot traffic. The visual representation of these potential use cases can be developed through architectural renderings or digital mock-ups.
Conclusion
In conclusion, 10 Raglan Street South Melbourne stands as a compelling opportunity in the South Melbourne market. Its location, features, and potential uses make it a truly remarkable property. We’ve explored its history, current market context, neighborhood charm, and various potential uses. Whether you’re a seasoned investor or a first-time buyer, this property offers a wealth of possibilities.
FAQ Explained
What is the current market value of 10 Raglan Street?
Current market value information isn’t available in the provided Artikel. To obtain the current market value, consult with a local real estate agent.
Are there any restrictions on the property’s use?
The Artikel does not mention any restrictions on the property’s use. A real estate agent or lawyer can provide details about potential restrictions.
What are the nearest schools and parks?
The Artikel contains information about nearby amenities including schools, parks, and other recreational facilities. Consult the neighbourhood overview for specifics.
What is the estimated cost of potential renovations?
The Artikel contains a potential uses section with estimated costs for renovations, if any. A qualified contractor should be consulted for accurate estimates.
