$1.89M
$393,775
"Undisputedly at the forefront of contemporary design, this striking residence captivates with its soaring architectural lines, freeflowing floor plan and brilliant views showcasing the Dandenong Ranges. Naturally bright and elegantly detailed, the expansive open plan lounge and dining room relaxes before the glow of a builtin gas log fireplace and relishes the clever elements of a soaring vaulted ceiling and stacker doors that lead out onto an incredible alfresco deck where youll find a barbeque kitchen and jawdropping Dandenong Ranges views. Wellbefitting a residence of this calibre, the gourmet kitchen is enhanced with an overhead skylight and benefits from a suite of stateoftheart appointments, including stone benchtops, softclose cabinetry with brassed brass fittings, 900mm Westinghouse appliances, Asko dishwasher, large stainlesssteel sink, island breakfast bench plus a butlers pantry. Premium polished concrete floors and a trendy kitchenette set a sophisticated, highend tone in the downstairs rumpus room, while sliding doors step the space out onto a wonderful backyard with firepit area, landscaped gardens and rear gate leading to Balcombe Avenue Reserve. Adding to the appeal, the home includes four robed bedrooms including a stylish master suite with stunning views and fitted walkthroughrobe to sleek dual vanity ensuite, featuring a twin rainfall shower and toilet. Further complemented by a trendy, family bathroom with a deepsoak tub, rainfall shower, floortoceiling tiles, brushed brass fittings and toilet, plus an additional toilet, powder room and fullsized laundry with excellent storage and bench space. Furthermore, the home enjoys the benefits of keyless entry, zoned ducted heating and air conditioning, split system air conditioning, ceiling fans, LED downlights, double glazing, under house storage, water tank, exposed aggregate driveway plus a double garage with internal access. On a spectacular 869sqm approx. allotment abutting Balcombe Avenue Reserve, the home offers close proximity to Rolling Hills Primary School, Victoria Road Primary School, Yarralinda School, Lilydale High School, Chirnside Park Shopping Centre, Lilydale Train Station, buses and parkland."
Below are some similar properties in the area you may be interested in.
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90.8%
$867K
3.9%
-$1,285,000
-$78,283
1.0%
0.7%
-19.4%
6.0%
Asking Price
$1,987,500
Estimated Purchase Price
$2,135,000
Stamp Duty
$118,775
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$213,500
Reg. Mortgage
$129
LMI Premium
$66,805
Renovation Costs
-
Total Cash/Equity Required
$404,571
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$14,986
$21,943
Interest Repayments
$126,819
$126,819
Net Cashflow Before Tax
-$111,833
-$104,876
Depreciation
-
-
Tax Offset
-$33,550
-$31,463
Net Cashflow After Tax
-$78,283
-$73,413
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$1,921,500
$1,921,500
-$1,013,700
-$280,414
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price