Withheld
$247,955
Confidence
High
High
$1,550,000
Medium
$1,450,000
Low
$1,350,000
Confidence
Medium
"This architectural masterpiece, crafted by the esteemed Leon Spiccia, invites you into a realm where luxury harmonises with nature, offering an exceptional lifestyle in a tranquil setting. Thoughtfully renovated by its current owners, this home enhances its original design while preserving its inherent charm. Enjoy sunsoaked summer days by the inviting swimming pool or cultivate your own produce in the flourishing vegetable garden, seamlessly integrating sustainable living into your daily routine. Set on a generous 2.09 hectare block, this property presents a rare opportunity for a subdivision, making it an attractive prospect for future development or investment in one of Hoveas most soughtafter locations. Inside, the home boasts three spacious living areas, perfect for family gatherings and relaxation. The main openplan living, dining, and kitchen area is designed for entertaining, while a cosy second living space provides a peaceful retreat. A third area serves as a parents sanctuary, thoughtfully connected to the master wing. A unique mezzanine floor adds versatility, ideal for entertaining or serving as a sophisticated lounge. Additionally, a flexible activity room enhances the homes adaptability, making it suitable for a large home office, playroom, or even a homeschooling space, ensuring it meets all your familys needs. The modern kitchen is both stylish and functional, equipped with highend appliances, ample storage, and a large island bench perfect for casual dining or meal preparation. The outdoor alfresco area invites yearround entertaining, complemented by tranquil bushland views that foster a deep connection to nature. Whether youre relaxing by the pool, hosting a barbecue, or tending to the vegetable garden, this outdoor space provides an idyllic backdrop for any occasion. The home features three additional spacious bedrooms located in a separate wing, prioritising comfort and privacy. The master suite serves as a luxurious escape, complete with a stylish ensuite and picturesque viewsa perfect haven from daily life. For the environmentally conscious, a Tesla charging station is conveniently installed, ensuring your electric vehicle is ready for any adventure. Leon Spiccias architectural brilliance shines throughout, featuring soaring ceilings and expansive windows that invite abundant natural light into every corner of this exquisite residence. Filte Abhaile"
-
93.1%
$1.22M
2.8%
$60,000
-$38,269
2.6%
2.0%
-15.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,390,000
Stamp Duty
$62,701
Transfer Fee
$473
Conveyancing
$1,535
Deposit (10%)
$139,000
Reg. Mortgage
$203
LMI Premium
$43,494
Renovation Costs
-
Total Cash/Equity Required
$247,955
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+8.2% PA
$2,985
$4,248
Rates
+3.0% PA
$1,814
$2,367
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$27,896
$40,359
Interest Repayments
$82,566
$82,566
Net Cashflow Before Tax
-$54,670
-$42,207
Depreciation
-
-
Tax Offset
-$16,401
-$12,662
Net Cashflow After Tax
-$38,269
-$29,545
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,548,600
$2,799,500
Loan Balance
I.O
$1,251,000
$1,251,000
$297,600
$1,548,500
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2021 Population
Suburbs
Education and Training - 13.0%
Retail Trade - 11.0%
Public Administration and Safety - 10.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply