$830K
$151,642
"The treechange dream is yours to behold on 1990m2 approx. block in a prized Mt Evelyn location. Often sought but rarely found, this gorgeous three bedroom home has undergone a superb transformation with nothing to do but harvest your own fruit and vegies, keep chooks and soak in the magnificent environment with stunning Dandenong Ranges view. Ideal for artists, musicians and multigenerational family living, there are two studios on the block, one has two rooms currently used as art studio and workshop and is perfect as 4th bedroom. Immediately inviting with tranquil garden outlook and breathtaking mountain view, beautiful timber floors give a warm welcome upon stepping into the spacious entrance to this lovely home. The traditional layout, upgraded and brilliant with natural light, delivers sizable loungedining area extending to covered outdoor space. Relaxed living and entertaining are easy with outlook across the back garden and convenient access to chic updated kitchen. Prepare home grown meals in designer style, the centrally located kitchen features desirable on trend cabinetry in the most perfect muted green, beautifully reflected in a VJ panelled wall in the adjacent second living space. Ideal placed for keeping an eye on the kids whilst cooking, this skylit room features builtin desk and wine rack. Three excellent bedrooms include privately zoned master with garden outlook, all are provided with built in robes. Elegantly designed with practicality in mind, the toilet is served by basin vanity in a vestibule, maintaining the privacy of the adjacent bathroom. Handy to the kitchen, the laundry has also been beautifully updated and is fitted with storage and benchtop. Highlights comprise ss dishwasher and stove, ducted heating new unit and economical split system. The roof has been repointed and the house has been replumbed and rewired along with the studio. Whether the family is in search of separate accommodation for a grandparent or older child, this stunning property comes complete with two studios with the possibility STCA of transforming one into separate accommodation by putting in a kitchenette. While the other would be ideal as a studio, rumpus room, work from home spacehome business. Private and peaceful, the garden includes establish trees, fruit trees, vegetable garden and chook run along with a levelled area at the top of the block taking in the wonderful view across the leafy neighbourhood to Mt Dandenong. With a real sense of seclusion, this attractive home is in fact within walk of the towns main attractions including supermarket, cafes and walking tracks and just a short car trip to excellent schools including Edinburgh College, Birmingham Primary and Lilydale High and Lilydale and Mooroolbark stations. Disclaimer The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent."
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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
-
91.1%
$900K
3%
$15,000
+
27.4%
24.7%
69.9%
6.0%
Asking Price
$870,000
Estimated Purchase Price
$855,000
Stamp Duty
$46,370
Transfer Fee
$2,106
Conveyancing
$1,196
Deposit (10%)
$85,500
Reg. Mortgage
$129
LMI Premium
$24,379
Renovation Costs
-
Total Cash/Equity Required
$160,230
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$234,000
$333,055
Property Management
+7.7% PA
$18,018
$25,645
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
$210,810
$300,661
Interest Repayments
$50,787
$50,787
Net Cashflow Before Tax
$160,023
$249,874
Depreciation
-
-
Tax Offset
$48,007
$74,962
Net Cashflow After Tax
$112,016
$174,912
Assumptions
Year 1
Year 10
Property Value
6.8%
$929,160
$1,679,700
Loan Balance
I.O
$769,500
$769,500
$159,660
$910,200
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