$1.63M
-
Confidence
High
High
$950,000
Medium
$910,000
Low
$850,000
Confidence
High
"A dream home set on 4969m2 in the heart of Middle Ridge, where luxury meets comfort in a highly soughtafter neighborhood filled with expansive allotments and quality residences. This stunning fourbedroom home offers everything a family could desire, it has undergone a full renovation including new wiring and plumbing and offers generously sized bedrooms, each equipped with builtin wardrobes and ceiling fans. The master suite is a true retreat, featuring plenty of storage and a luxurious ensuite with a double shower and double vanity, ensuring a private and relaxing space. The living areas are thoughtfully designed and full of light, with a formal lounge room perfect for entertaining and an openplan living room that seamlessly connects to the central hub of the home, the kitchen. The kitchen is a delight and equally functional, boasting two Bosch ovens, an induction cooktop with an integrated rangehood and a large island with a casual breakfast bar, ideal for family meals or hosting guests. The adjacent butlers pantry is an exceptional addition, huge in size and offering an integrated dishwasher, bar fridge, and ample storage to keep the kitchen clutterfree and functional. This property is the epitome of familyfriendly living, with internal fencing secured for pets and with plenty of space for outdoor activities approximately 3000m2. Enjoy lazy summer days by the solar heated pool or gather around the fire pit on cool evenings. Car enthusiasts or those needing extra storage will appreciate the double lockup garage and the additional threebay shed, providing room for up to five vehicles. Additional features that set this home apart include ducted air conditioning for yearround comfort, solar power, plush wool carpet, and 15,000 litre water tanks. Built by the renowned local builder Ron Gilbert, this home is as solid as it is beautiful, offering both quality craftsmanship and timeless design. At A Glance Fully renovated new wiring and plumbing Four large bedrooms Master bedroom with walk in robe and ensuite with double shower and vanity Formal lounge room Open plan living dining kitchen Functional kitchen with huge butlers pantry Covered outdoor entertaining and firepit area Ducted air conditioning Security screens Solar Heated Swimming pool Solar power Double lock up garage plus three bay shed 10,000L water tanks Ron Gilbert built 4969m2 Allotment Upgraded septic to a bicycle treatment plan This Middle Ridge residence is more than just a home its a lifestyle. Dont miss your opportunity to secure a piece of this prestigious neighbourhood."
-
76.6%
$920K
4.2%
-$800,000
-$56,415
1.7%
1.2%
-18.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,625,000
Estimated Purchase Price
$1,710,000
Stamp Duty
$78,850
Transfer Fee
$6,670
Conveyancing
$1,665
Deposit (10%)
$171,000
Reg. Mortgage
$224
LMI Premium
$52,988
Renovation Costs
-
Total Cash/Equity Required
$311,948
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,766
$2,304
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
$20,981
$30,504
Interest Repayments
$101,574
$101,574
Net Cashflow Before Tax
-$80,593
-$71,070
Depreciation
-
-
Tax Offset
-$24,178
-$21,321
Net Cashflow After Tax
-$56,415
-$49,749
Assumptions
Year 1
Year 10
Property Value
6.8%
$971,880
$1,756,928
Loan Balance
I.O
$1,539,000
$1,539,000
-$567,120
$217,928
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Manufacturing - 7.0%
Others - 56.0%
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