$2.38M
$509,586
"One of the areas finest homes, Cannington occupies a rare 3,501 sqm of superb English garden in the very heart of Romsey and is the much loved family home of the late Dean Jones, cricketer, coach and commentator. Constructed in 1900 by the White family and sitting privately behind an expansive 60m frontage, this grand home has been beautifully and sympathetically updated over time offering every comfort you would expect for 21st Century living. Period features such as handcrafted leadlight windows, ornate cornicing and fretwork, elegant high ceilings and timber floors have been meticulously preserved. The welcoming tessellated tile verandah invites you up to a spacious entry hall that leads to the formal front rooms a sunny home office with built in cabinetry and a cosy theatre room with stunning sash windows that capture beautiful morning light. Three of the four large bedrooms feature an original fireplace and all offer gorgeous views to the garden, the generous main bedroom with French door access, plus a huge walk in robe. The two bathrooms have been lovingly updated, the refinished original clawfoot bath sitting perfectly amongst imported wallpaper, marble flooring and timeless Perrin Rowe fittings. The centrepiece of the home is undoubtedly the exquisite open plan entertaining area, with vaulted ceiling, stunning light fixtures, open fireplaces, and chefs kitchen featuring an impressive 150 cm Ilve freestanding stove and Carrara marble benchtops. A wall of glass leads to an indoor heated pool with sauna and gym which spills out to the fabulous North facing terrace with outdoor kitchen and glorious Boston Ivy and Virginia Creeper sprawling over rendered walls. The garden is a delightful contrast of relaxing open spaces, peaceful corners and formal plantings, every season welcoming new colour and interest. The two magnificent heritagelisted Oak trees planted in the 1890s provide welcome shade in summer, while Golden Elm and Silver Birches produce a vibrant autumn glow. Meander through maze like hedges and the crab apple walk under planted with hellebores, past colourful gardens of roses, bluebells, and hyacinth which come alive in warmer months. Offered for sale for just the third time in its 123 years, this is a rare opportunity to own a significant piece of Romseys history. Located steps from the Main Street, 30 minutes from Melbourne airport and under an hour to the CBD, this magnificent property must be inspected to be fully appreciated."
Below are some similar properties in the area you may be interested in.
2.2%
76.9%
$550K
3.9%
-$180,000
-$110,852
-
-
-22.5%
6.0%
Asking Price
$2,400,000
Estimated Purchase Price
$2,580,000
Stamp Duty
$147,700
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$258,000
Reg. Mortgage
$129
LMI Premium
$80,729
Renovation Costs
-
Total Cash/Equity Required
$491,920
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,843
$2,405
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
-$5,108
-$6,665
Interest Repayments
$153,252
$153,252
Net Cashflow Before Tax
-$158,360
-$159,917
Depreciation
-
-
Tax Offset
-$47,508
-$47,975
Net Cashflow After Tax
-$110,852
-$111,942
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,563,200
$4,633,656
Loan Balance
I.O
$2,322,000
$2,322,000
$241,200
$2,311,656
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price