$1.2M
$228,337
"THE PROPERTY Best access off Ridge Road. Proudly set on stunning 1855 sq m approx. garden block this fivebedroom family retreat has been meticulously updated with modern elegance, while maintaining all the character and charm of the original 1940s hills cottage. Spread across two lightfilled levels, the home offers expansive open plan living on the ground floor highlighted by 13foot ceilings, original fireplace and hardwood flooring, with glass doors opening up to a tranquil tiled balcony backdropped by leafy mountain and forest views. Wellappointed with modern appliances, the chic kitchen is sure to please home chefs, while the study opening out to decking and gardens provides a serene work from home space. Lavish in size, the main bedroom includes a large walkin robe and ensuite, while two further bedrooms one with BIR share the sparkling modern bathroom. Stepping down to the lower level, two robed bedrooms are positioned alongside a spacious retreat and central bathroom, while a luxe wine cellar and rumpus room are accessible from outside. Rounding out the long list of inclusions, a renovated laundry, ducted heating, wraparound decking, established gardens with mature fruit trees, rhododendrons, ferneries and fishpond, solar panels, water tanks, plus ample offstreet parking for six plus cars. THE FEATURES Stunning fivebedroom, threebathroom luxury hills retreat Multiple living spaces, ideal for growing families Huge main bedroom includes walkin robe ensuite Four further bedrooms spread across two levels Wraparound tiled verandah and decking with lush views Ducted heating fireplace for winter warmth ambience Solar panels, water tanks offstreet parking for six plus cars THE LOCATION Nestled in a highly soughtafter pocket backing on to Singleton Reserve, mere minutes from the Mount Dandenong townships local shops, cafs and eateries, close to walking trails in the National Park and Sky High and walking distance to Mount Dandenong Primary School."
Below are some similar properties in the area you may be interested in.
-
90%
$1.07M
2.9%
-$365,000
-$34,240
2.1%
1.5%
-16.6%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,100,000
Stamp Duty
$60,500
Transfer Fee
$2,680
Conveyancing
$1,196
Deposit (10%)
$110,000
Reg. Mortgage
$129
LMI Premium
$31,365
Renovation Costs
-
Total Cash/Equity Required
$206,419
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
$65,340
$65,340
Net Cashflow Before Tax
-$48,914
-$41,347
Depreciation
-
-
Tax Offset
-$14,674
-$12,404
Net Cashflow After Tax
-$34,240
-$28,943
Assumptions
Year 1
Year 10
Property Value
6.8%
$784,980
$1,419,057
Loan Balance
I.O
$990,000
$990,000
-$205,020
$429,057
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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