VIC Why this house sold so low

All said and done, this is one of the rare properties that I have come across selling 15% higher then the asking price in recent times

Other then sentiment, can’t find a single reason why someone would pay that price

Cheers

 

My wifes father works in the industry.(Power generation)
He is a nuclear physicists. He advised highly against buying next to HV power lines.
He gave reasoning he also believed Australia's regulation alowing building so close should not be legal. He advised the code in many countries would prevent this.

 

Well if you follow the area close enough these ones also went well above. Very hot desirable glen waverley pocket in Brentwood sec school zone

23 Winmalee Drive, Glen Waverley, Vic 3150 - Property Details
Asking 1-1.1m. 4 bidders on the day. On market $1.08m.Sold $1.19m

64 Fraser Street, Glen Waverley, Vic 3150 - Property Details
Asking 1-1.1m. 3 bidders. On market $1.1m.Sold $1.21m

15 Ballara Avenue, Glen Waverley, Vic 3150 - Property Details
Asking $960-1.05m. 3 bidders. On market $1m. Sold $1.115m

 

Why is this property selling so low

8 Alamein Avenue, Ashburton VIC 3147 - House For Sale | Domain

Public housing in the street ?

Cheers

 

Just a guess. Maybe something to do with this??
Category: | Herald Sun
Or too close to Alamein station- too much noise/traffic.
Or too many crime from idiots getting off the train.