$3M
$500,753
"An incredible warehouse transformation, this amazing 4 bedroom 2 bathroom solid brick showpiece incorporates the finest elements of its industrial origins while infusing entertaining flair and spacious comfort. Using a double height exposed brick wall, refinished timber floors, impactful skylights and soaring ceilings to dynamic effect, this spectacular home spans 3 inspiring levels. The ground floor welcomes a huge open family room with bi fold glass doors to the versatile tandem garagealfresco courtyard, 2 oversized bedrooms with built in robes, a sparkling fully appointed bathroom, a super equipped laundry and a temperature controlled wine cellar. Accentuated by a statement cathedral ceiling with timber beams, the first floor showcases a breathtaking open plan living and dining area with gas fireplace, an entertainers modern kitchen with IlveAsko appliances, a beautiful main bedroom with fitted walk in robe, a gleaming semi ensuite bathroom and a versatile 4th bedroomstudy. The top floor is the entertaining surprise with the radiant 3rd living zone extending out a vertical opening louvre glass door to the stunning decked alfresco terrace that captures sweeping views over neighbourhood rooftops. Truly special, this stand out home is complete with a range of heating and cooling methods, video intercom and a large mezzanine level storage space. In an unbeatable position just around the corner from Carlisle Street, explore the culture caf scene and cosmopolitan restaurants, take the tram up Chapel Street for a night out or catch the train into the city for work, walk to St Kilda Primary School, Yeshivah College and Beth Rivkah Ladies College."
Below are some similar properties in the area you may be interested in.
4.6%
44.5%
-
-
-$385,000
-$115,123
-
-
-22.5%
6.0%
Asking Price
$2,900,000
Estimated Purchase Price
$2,685,000
Stamp Duty
$154,525
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$268,500
Reg. Mortgage
$129
LMI Premium
$84,015
Renovation Costs
-
Total Cash/Equity Required
$512,530
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$52
$74
Property Management
+7.7% PA
$4
$6
Rates
+3.0% PA
$1,755
$2,290
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,972
-$6,482
Interest Repayments
$159,489
$159,489
Net Cashflow Before Tax
-$164,461
-$165,971
Depreciation
-
-
Tax Offset
-$49,338
-$49,791
Net Cashflow After Tax
-$115,123
-$116,179
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,456,400
$4,440,587
Loan Balance
I.O
$2,416,500
$2,416,500
$39,900
$2,024,087
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Professional, Scientific and Technical Services - 19.0%
Accommodation and Food Services - 8.0%
Health Care and Social Assistance - 8.0%
Financial and Insurance Services - 7.0%
Others - 58.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price