$1.45M
$302,624
"Echoing stories of yesteryear, this charming fully renovated farmhouse, circa 1920, is a sanctuary perfectly suited to young families or busy professionals seeking a harmonious blend of vintage allure and modern amenity. Showcasing spectacular views of the Warburton Ranges from its expansive halfacre allotment, this residenceone of the original Dandenong Ranges cottagesis perched on one of the most prized streets in the hills, offering an idyllic lifestyle amidst exquisitely manicured grounds. Awash with abundant natural light from dazzling skylights and northern sunshine, the mostly flat block unveils breathtaking easterly vistas where you can gaze upon the rolling hills of the Yarra Ranges and the shimmering waters of Silvan Reservoir from almost every room. Each sublime space, woven with a tapestry of traditional and eclectic English design, exudes warmth and comfort. At every enchanting turn hints of a past life can still be found in the stunning period details original and reclaimed that include 9foot ceilings, intricate stainedglass sash windows and heritage doors, while the bespoke wooden staircase and polished Baltic pine floorboards add timeless elegance. Enjoy downtime in the openplan livingmeals domain, where four sets of French doors spill to an alfresco deck an open openair stage where you can take a front row seat to breathtaking surrounds for dinner alfresco, lazy Sundays or the extended family on Christmas Day. Winter too is special as you cosy up by the toasty inbuilt wood heater and take comfort in the quintessential smoky aroma that defines hills living. Separately zoned but still connected, the skylit country kitchen epitomises every home chefs wish list including a 900mm Ilve cooker, Belfast sink and shaker cabinetry with space for a French door fridge and a dining table. The master bedroom is a private retreat, apartmentsized with an ensuite, large walkin robe with yet another skylight, and endless views through expansive glazing. Three other bedrooms feature peaceful outlooks over the gardens and beyond through leadlight panes, offering serene spaces to unwind or work from home. The main bathroom combines heritage charm with a touch of luxury, and you can soak away the day in the clawfoot tub. For quieter moments, retreat to the downstairs library, a haven of peace and reflection that could comprise a second living, a sixth bedroom, guest retreat or a movie zone for the kids. A spacious garden studio adds flexibility to the homes footprint with the ability to utilise the powered space as a home office, business premise, artyoga studio, consulting room, teen hang or gym with potential to convert to an Airbnb, guest bedroom or multigeneration accommodation. Outside, the stunning gardens beckon with their lush greenery and vibrant blooms that offer a full spectrum of colours throughout the seasons with glorious winter sun and the solace of summer shade. Not only meant to be admired from afar, an array of garden rooms with seating areas invites you to pause and take in the beauty of your surroundings, while lush blankets of lawn provide space for home picnics and freshair fun. Exotic plants and trees line the pathways, and frequent visits from king parrots, rosellas, kookaburras, rabbits, and echidnas make every day feel like an escape into nature. Walking distance to Olinda Falls, RJ Hamer Arboretum, Mount Dandenong Primary School and moments from the charming shops and cafes at the village where everyone knows you by name, the locale offers complete peace and tranquility with the bonus of a friendly old school community appeal. At a Glance 5bedroom, 2bathroom heritage farmhouse circa 1920 on a picturesque halfacre 1658m2 approx. Extensively renovated on a mostly flat block in a prized sealed street. One of the original Dandenong Ranges cottages with period elements throughout. Stunning views over the Yarra Ranges and Silvan Reservoir. Dual living areas including downstairs librarysecond living. Lavish deck with builtin heaters, plus two other covered verandas with seating areas. Garden studio. Evaporative cooling ducted heating plus wood fire. Fully fenced with a remotecontrolled driveway gate. Double garage. Chookstorage shed, enclosed dog run. Under stairs storage. Garden treasures include stringybark gums, rhododendrons, elms, maples, birches, tree ferns, dogwoods, crabapples, cherry blossoms, fruit trees, camellias, azaleas, hydrangeas. Disclaimer All information provided has been obtained from sources we believe to be accurate. We accept no liability for any errors or omissions including but not limited to a propertys land size, floorplans and size, 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.
-
89.6%
$1.02M
2.7%
-$125,000
-$43,287
2.5%
2.0%
-14.6%
6.0%
Asking Price
$1,450,000
Estimated Purchase Price
$1,560,000
Stamp Duty
$85,800
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$156,000
Reg. Mortgage
$129
LMI Premium
$48,813
Renovation Costs
-
Total Cash/Equity Required
$296,104
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$30,825
$44,487
Interest Repayments
$92,664
$92,664
Net Cashflow Before Tax
-$61,839
-$48,177
Depreciation
-
-
Tax Offset
-$18,552
-$14,453
Net Cashflow After Tax
-$43,287
-$33,724
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,532,580
$2,770,540
Loan Balance
I.O
$1,404,000
$1,404,000
$128,580
$1,366,540
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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