Withheld
$184,749
Confidence
High
High
$1,320,000
Medium
$1,080,000
Low
$960,000
Confidence
Moderate
"Auction Location 27 Penaton Street, Corinda Exquisite Renovation Auction Saturday 12 October 2024 Time 9.00am Location Onsite at 27 Penaton Street, Corinda Welcome to your dream home in the heart of Corinda This exquisite property, fully renovated and completed in 2024, perfectly blends modern elegance with longterm durability, meticulously designed with families in mind. From the moment you arrive, the charm of this north facing home is evident, starting with the abundance of windows that flood the interior with natural light. A grand entrance greets you with a 50 year old feature olive tree, setting the tone for the beauty within. Step inside to discover the stunning architectural design of this newly renovated home, where every detail has been crafted to perfection. The heart of the home is the expansive, architecturally designed kitchen, a culinary masterpiece featuring stateoftheart appliances, sleek finishes, and ample storage. Whether youre preparing a gourmet meal or hosting a casual gathering, this kitchen will inspire your inner chef. Adjacent to the kitchen is a wellsized butlers pantry, thoughtfully designed to simplify everyday chores. This versatile space offers practical storage solutions and easy outdoor access, to the back deck. The laundry has been designed for families in mind. Situated on the first floor the laundry is extremely spacious and has been designed to be used as both a laundry and mud room. This home truly caters to the needs of a modern family, offering a harmonious blend of style, comfort, and functionality. Dont miss the opportunity to make this perfect family home your own and create a lifetime of cherished memories in beautiful Corinda. Key Features Architecturally Designed Kitchen Featuring 40mm natural marble benchtops, custom 2 Pac joinery, and Miele appliances including a 60cm oven, speed ovenmicrowave, semiintegrated dishwasher, concealed range hood, 80cm full surface induction cooktop, and integrated fullsized sidebyside fridge and freezer. The splashback features its own Americaninspired pot filler, as well as the notable feature skylight above kitchen to ensure expansive natural light source is achieved Butlers Pantry LaundryMudroom Concealed butlers pantry with fullheight shelving, commercial Billi boiling and chilled water tap, and an extralarge single bowl sink, featuring 40mm natural marble benchtops and custom 2 pac joinery. Laundry with 40mm marble benchtops, custom 2 pac joinery, with ample shelving, large single sink, and custom marble mosaic flooring. Luxurious Bathrooms Featuring 20mm natural marble benchtops, dual shower heads, Tundra Grey natural stone tiles and matching benchtops with polytec woodmatt vanities in the ensuite, programmable heated towel rails, and a downstairs bathroom with Appaisier Stone Form bath and Italian travertine wall tiling. Elegant Finishes Reclaimed spotted gum internal timber columns, Embelton engineered oak floating floors, custom brass bedside lighting in the master bedroom, and ABI interiors tapware throughout. Comfort Security 14kw ducted Daikin AC with MyZone control, hardwired CCTV, dimmable LED lighting, ceiling fans in every bedroom and upstairs lounge, and a fully fenced yard. Outdoor Oasis Large backyard with alfresco area, mature lily pilly screening, a 50 year old feature olive tree, decorative spotted gum timber arbours, three expansive raised vegetable gardens, gardenbed irrigation and Zoysia grass turf. Energy Efficiency 6kw solar system, all new Stegbar windows and French doors, and plantation shutters in the upstairs living area and one downstairs bedroom. Additional Features three loungerooms, Steel monostringer stairs with 70mm thick Tassie oak treads, sheer curtains in the upstairs living room and master bedroom, 2.4m high front door, and a 1.5car garage with car parking space in the driveway and road. Disclaimer While we have made every effort to ensure the accuracy and reliability of the information presented in this advertisement, we accept no responsibility for any errors, omissions, or inaccuracies. Prospective buyers are encouraged to conduct their own inquiries to verify the details provided."
-
69.5%
$825K
5.4%
-$100,000
-$29,726
3.0%
2.3%
-14.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,350,000
Estimated Purchase Price
$1,180,000
Stamp Duty
$48,375
Transfer Fee
$4,437
Conveyancing
$1,665
Deposit (10%)
$118,000
Reg. Mortgage
$224
LMI Premium
$36,565
Renovation Costs
-
Total Cash/Equity Required
$209,816
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$35,360
$50,328
Property Management
+7.7% PA
$2,723
$3,875
Rates
+3.0% PA
$1,360
$1,774
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$27,626
$39,915
Interest Repayments
$70,092
$70,092
Net Cashflow Before Tax
-$42,466
-$30,177
Depreciation
-
-
Tax Offset
-$12,740
-$9,053
Net Cashflow After Tax
-$29,726
-$21,124
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,153,440
$2,085,145
Loan Balance
I.O
$1,062,000
$1,062,000
$91,440
$1,023,145
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 13.0%
Professional, Scientific and Technical Services - 10.0%
Education and Training - 9.0%
Retail Trade - 8.0%
Others - 60.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price