Withheld
$77,284
"THE DEAL Positioned in the highly soughtafter Greville Street precinct of Prahran, this newly transformed Victorian residence sets the new benchmark in the street by seamlessly merging classic charm with modern luxury. Meticulously reimagined by Odyssey Architecture and expertly executed by The Builders Project, this freestanding, doublefronted home epitomizes refined living. Elegant European Oak floors flow through the dual arched hallway, leading into a lightfilled openplan living and dining space. Six custom arched doors with doubleglazing add a striking architectural statement connecting the inside to the large outdoor terrace creating an entertainers dream featuring a bar with wine fridge and full outdoor kitchen. The Carrara marble surfaces, bespoke joinery, and twopack cabinetry elevate the kitchen to a level of opulence. Miele appliances, built in fridges and dishwasher along with a discreet butlers pantry, offer a perfect balance of style and functionality. A sleek gaslog fireplace anchors the living area, which enjoys an abundance of natural light from its north and westfacing windows and architectural skylights. The purposely flexible floor plan gives you the freedom to choose between a four bedroom or three bedroom plus second living area configuration. The master suite offers a serene retreat with plantation shutters, floortoceiling wardrobes, and a spacious walkin robe. The ensuite is a sanctuary of luxury, boasting premium finishes, dual sinks, underfloor heating and the extra shower space with a his and hers double shower. Three additional bedrooms with ample storagetwo featuring restored original fireplacesare serviced by a spacious central bathroom with a freestanding bath and a separate powder room. A wellappointed laundry with side access doubles as a mudroom, offering ample storage and practicality. The landscape design is kept classic and functional with low maintenance requirements. The home also provides parking for two cars, one via Perth Street and another via a convenient rear rightofway, both conveniently secured by electric sliding gates. All services including electricity and drainage have been upgraded to modern standards giving you peace of mind that this home will serve you well. Located within the catchment of prestigious schools like South Yarra Primary and Wesley College, this home is ideal for families seeking a balance of luxury and practicality. SEALS THE DEAL A masterpiece of craftsmanship and contemporary luxury in one of Prahrans most coveted addresses."
Below are some similar properties in the area you may be interested in.
-
43.6%
$1.5M
2.9%
$30,000
-$40,335
3.3%
2.8%
-11.7%
6.0%
Asking Price
-
Estimated Purchase Price
$1,820,000
Stamp Duty
$100,100
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$182,000
Reg. Mortgage
$129
LMI Premium
$56,949
Renovation Costs
-
Total Cash/Equity Required
$344,539
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$59,800
$85,114
Property Management
+7.7% PA
$4,605
$6,554
Rates
+3.0% PA
$1,444
$1,884
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
$50,486
$72,416
Interest Repayments
$108,108
$108,108
Net Cashflow Before Tax
-$57,622
-$35,692
Depreciation
-
-
Tax Offset
-$17,286
-$10,708
Net Cashflow After Tax
-$40,335
-$24,984
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,975,800
$3,571,776
Loan Balance
I.O
$1,638,000
$1,638,000
$337,800
$1,933,776
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 18.0%
Health Care and Social Assistance - 16.0%
Professional, Scientific and Technical Services - 12.0%
Accommodation and Food Services - 11.0%
Others - 43.0%
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