$2.35M
$446,773
"Originally know as Othneil and nestled on a sprawling 1.5 acres with dual street frontage and generous shedding, this beautifully restored French farmhousestyle home, dating back to the 1900s, is a true chefdoeuvrethe ultimate blend of rustic charm paired with understated luxury. This transformation deserves every expletive for its designer rewrite, resulting in a showstopping Dandenong Ranges home that gently whispers stories of its past while catering beautifully to modern family life. Flooded with light from every sashed pane, the home embodies timeless design and impeccable craftmanship, creating a sanctuary where modern elegance meets sublime comfort and functionality. Every inch has been meticulously renewed, rejuvenated or reclaimed from the new gas hydronic heating and wood fire to the stunning engineered oak floors underfoot. A true labor of love, the home has been entirely replumbed, rewired, and reroofed, with new weatherboards lending a fresh elegance to its charming exterior. Thoughtfully crafted by owners passionate about interior design, every element of this impressive property delivers a compelling blend of elegance and inspirational style. From the luxe master ensuite where you can enjoy rainshower mornings with sunrise views, to long soaks in the sublime bathroom with soft buttery tiles and sensor lights, the home is all class. Vintage sash picture windows, leadlight details, cornices and original bricks are the homes ode to old with the 1930s stonework designed by Edna Walling retained in the garden. Quintessential French farmhouse, the open plan livingmeals and designer kitchen is the homes heart. A freestanding matte black Ilve professional oven, ceramic Belfast double sink, and a sweeping Tundra stone island that gifts peninsula seating, create a culinary haven, with a wall of French doors spilling to a kitchen garden brimming with fresh greens and fragrant herbs. A sunfilled lounge with a modern wood fire and cosy window seat beckons downtime before ascending to the enchanting loft space with its north facing balcony an ideal retreat for kids or a peaceful spot to work from home. Outside, the professionally landscaped grounds are a haven of tranquillity, where you can lose yourself in the serenity of mother natures beauty and feel worlds away from lifes rush. All the lifestyle elements are in place, plenty of sweeping lawn, extensive seasonal blooms, century old trees including chestnuts and copper beech, artful sculptures and magical north easterly views towards the ranges. An alfresco terrace invites you to enjoy long lunches with family and friends with beautiful food and dappled sunshine and theres a firepit zone for late night lingering. With dual entrances and three driveways, including a separate one leading to a barnstyle Colorbond shed with a mezzanine, perfect for conversion into multigeneration accommodation STCA, you have all the space and freedom you could ever need. Every element has been thoughtfully curatedfrom zoned hot water systems to attic storage, and a double garage ensuring peace of mind for years to come. Minutes from lookouts, walking trails, Mount Dandenong Primary School, the PreSchool and the village. At a Glance 4bedroom, 2bathroom fully renovated weatherboard home circa 1900. 6229m2 allotment 1.5 acres with dual entrance Ridge Road and Ridge Crescent. Kitchen with freestanding matte black Ilve professional oven, Schweigen matte black rangehood, ceramic belfast double sink, LG black dishwasher Tundra stone island benchtop. Laundrybutlers pantry. Stone top bathroom vanities. Powder room. Professionally landscaped grounds Edna Walling designed the original gardens in 1931. 72 sqm barn style shed with mezzanine Class 1 building, fully wired, powered and plumbed on the rear second title of land. Double garage. Dual street frontages with 3 driveways and a separate driveway to shed and hard stand area. Original 4 parcels of land on two titles. Certified termite treated with an 8year warranty. New gas hydronic heating and new wood fire. New engineering oak flooring and carpets. 3 zoned hot water services 1 electric for ensuite, 1 electric for kitchen, 1 gas for main bath laundry. Fully rewired, replumbed, replastered, restumped, new roof, and new exterior weatherboards. Large in roof attic storage space. Ample offstreet parking for multiple vehiclesboatscaravanstrailers. All information provided has been obtained from sources we believe to be accurate, however we accept no liability for any errors or omissions including but not limited to a propertys size, floorplans, building age and condition. Interested parties should make their own enquiries and obtain their own legal advice."
Below are some similar properties in the area you may be interested in.
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92.3%
$885K
4.2%
$25,000
-$15,529
3.6%
2.5%
-12.8%
6.0%
Asking Price
-
Estimated Purchase Price
$650,000
Stamp Duty
$34,070
Transfer Fee
$1,627
Conveyancing
$1,196
Deposit (10%)
$65,000
Reg. Mortgage
$129
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$121,105
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,907
$2,488
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
$16,426
$23,993
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$22,184
-$14,617
Depreciation
-
-
Tax Offset
-$6,655
-$4,385
Net Cashflow After Tax
-$15,529
-$10,232
Assumptions
Year 1
Year 10
Property Value
6.8%
$720,900
$1,303,216
Loan Balance
I.O
$585,000
$585,000
$135,900
$718,216
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price