$3.6M
$762,800
"Set on a vast highside block approx 809sqm with uninterrupted views to Riverside Golf Course, this architectural showpiece combines an expansive triplestorey design with worldclass renovations to deliver an opulent family lifestyle beyond compare. Greeted by custommade wroughtiron doors, the homes sumptuous interior boasts four spacious bedrooms with fitted robes complemented by three luxurious bathrooms dual ensuites and guest powder room 4th WC all marbletiled. Enhancing its family credentials is the inclusion of a dedicated home office, elegant lounge with gaslog fireplace, separate retreat and expansive openplan livingdining area adjoined by a gourmet kitchen with Miele cooking appliances, dual Asko dishwashers and butlers pantry with additional Miele oven. Zoned ducted heatingrefrigerated cooling, stateoftheart security, American Oak floors, custom lighting and Brodware tapware all add to the allure, along with Cbus automation, ducted vacuum, two laundries, excellent storage options, wine cellar and internal lift accessing all three levels. Completing the picture is a large alfresco entertaining deck looking out to the vast backyard with fullylandscaped gardens, plus a fourcar garage, gated driveway additional offstreet parking and extra parking space at the rear via ROW. A short stroll to river trails and parkland, its also close to popular schools, Flemington Racecourse, Epsom Road trams and Union Road cafes, as well as easy access to Showgrounds Village Shopping Centre and the new Footscray Hospital precinct."
Below are some similar properties in the area you may be interested in.
-
88.1%
$1.38M
3.5%
-$2,795,000
-$149,307
0.8%
0.6%
-19.4%
6.0%
Asking Price
$3,800,000
Estimated Purchase Price
$3,990,000
Stamp Duty
$239,350
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$399,000
Reg. Mortgage
$129
LMI Premium
$124,849
Renovation Costs
-
Total Cash/Equity Required
$768,689
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,823
$2,379
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
$23,710
$34,349
Interest Repayments
$237,006
$237,006
Net Cashflow Before Tax
-$213,296
-$202,657
Depreciation
-
-
Tax Offset
-$63,989
-$60,797
Net Cashflow After Tax
-$149,307
-$141,860
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,276,260
$2,307,174
Loan Balance
I.O
$3,591,000
$3,591,000
-$2,314,740
-$1,283,826
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 16.0%
Education and Training - 11.0%
Health Care and Social Assistance - 11.0%
Accommodation and Food Services - 8.0%
Others - 54.0%
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