$1.69M
$295,898
"Perched atop of Launceston on almost thirty acres of undulating land, designed by renowned architect Robert Morris Nunn, CULTOWA is grounded in its environment and composed of the constituent materials that define the postmodernist era. The home is a song of brick, glass, timber and stone and positions its occupants and their guests to take full advantage of the sweeping vistas that surround. Architecturally unique, this property won House of the Year in 1988 and has since remained one of Launcestons most prized homes. With two large living areas, the home has the capacity to cater to the flexible needs of the modern family. A private sitting room, formal lounge or fifth bedroom is one such space. The most impressive though is the lowerlevelled formal living room with a timber exposed ceiling, open stone fireplace and panoramic vistas down the valley all the way to Evandale. Designed with multiple wings, the kitchen and dining space is the hub of the residence. The master suite claims the last bay of the eastern wing and enjoys the privacy of the garden aspect. Two further bedrooms are also within the eastern wing, both also enjoy views to the gardens. Two bathrooms, the study and separate laundry complete this wing. The secondary wing, separated by split levels and graced by its own glass atrium, reveals the fourth and fifth bedrooms, one which offers an ensuite bathroom. Here too you are lead to the tenmeter inground pool, hot tub and steam room with breathtaking views of the city. Adjoining the pool atrium, a private courtyard, which is also accessible from one of the living spaces, is adorned with established trees and space for family and guests to enjoy. Whilst still giving consideration to the internal luxuries and amenity, the grounds of this property truly offer so much possibility. A rotunda overlooks the fullsized tennis court and offers mesmerizing views down the valley. Its twentyeight acres comprise undulating hills and soft gradients to take in the views, whilst the established trees surrounding the home are positioned for privacy whilst not sacrificing its incredible vistas. Having been held by the same family for over thirty years, this property has remained one of Launcestons most unique and prized homes. Less than fifteen minutes drive to the center of the Launceston city and a few minutes drive to the Newstead shopping precinct, this home is the private architectural lifestyle property that you never thought you would find this close to the city. Contact Lochie today to register your interest."
Below are some similar properties in the area you may be interested in.
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86.3%
-
-
-$340,000
-$47,415
2.5%
1.9%
-16.0%
6.0%
Asking Price
$1,690,000
Estimated Purchase Price
$1,690,000
Stamp Duty
$71,235
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$169,000
Reg. Mortgage
$152
LMI Premium
$52,881
Renovation Costs
-
Total Cash/Equity Required
$295,898
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+8.8% PA
$3,661
$5,210
Rates
+3.0% PA
$2,089
$2,726
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$32,650
$47,098
Interest Repayments
$100,386
$100,386
Net Cashflow Before Tax
-$67,736
-$53,288
Depreciation
-
-
Tax Offset
-$20,321
-$15,986
Net Cashflow After Tax
-$47,415
-$37,301
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,521,000
$1,521,000
-$79,200
$1,085,431
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price