$1.8M
$322,979
Confidence
High
High
$1,900,000
Medium
$1,750,000
Low
$1,600,000
Confidence
Medium
"END DATE SALE ALL OFFERS PRESENTED BY 2PM WEDNESDAY 30th OCTOBER 2024 the seller reserves the right to sell prior to the end date without notice. If your property ownership dreams include a creamy character cottage straight out of a storybook, this heavenly slice of Hovea is about to woo your heart. Set on the prettiest of 5 acre blocks, this home has everything youve ever wanted for that picture perfect family life from the wide, shady verandahs to the spectacular family room with oneofakind ceiling to the sweet tyre swing waiting for a young person to love it, just hanging in the ancient gum. This place isnt just pretty. Its stunning. Sweeping views, garden walks with the kids to pluck a strawberry or two from the veggie patches, and long, lazy Tuscanstyle lunches under a grapevine arbour thats just begging to host the best type of gathering. With a long, treelined driveway and automatic gates that make a grand entrance, this property is the definition of Hills charm. Oh goodness, wait until you see it lit up at night Inside It gets even better. Originally built in the roaring 20s and beautifully extended by the renowned Allan Davies in the 90s, this cottage oozes character and feels like home the moment you walk through the door. The first thing youll notice Those breathtaking high, raked ceilings even in the main bedroom giving the house an airy, expansive vibe thats impossible to ignore. The formal lounge is pure magic soaring ceilings, big timber windows, and a wood fire set for snuggling. The openplan living area is flooded with natural light, and youll love cooking up a storm in the gourmet kitchen, with granite benchtops and a pantry big enough to store absolutely every single thing you could ever need. There are two wellappointed bathrooms with three toilets, so no morning rush dramas, and a bonus study for anyone working from home. And then theres Allan Davies famous indooroutdoor entertaining room a standout feature that connects the inside with the great outdoors. This house is all about blending classic charm and a nod towards history with luxe, modern convenience and it nails it. Features Include 1920sbuilt character cottage beautifully extended in the 90s bursting with charm Allan Davies designed extension 4 gorgeous bedrooms all with builtin robes 2 bathrooms 3 toilets Bonus study Delightful quite spectacular formal lounge with unique high raked ceilings cosy wood fire Light, bright airy openplan informal living Wellappointed gourmet kitchen with granite benchtops huge pantry Polished timber floors Big timber windows feature stained glass Ducted reverse cycle air conditioning Cosy slow combustion wood fires Allan Davies famous indoor outdoor entertaining room Long sweeping tree lined driveway and automatic gates Outside cloak room Solar panel setup Two double carports 9m x 7m powered shed was an old stable, now a 2 room shed 3m wide leanto Old arena lunging yard Small vineyard, chook pen, small orchard veggie patches Pastured paddocks Working bore 2 water tanks Beautiful gardens with sweeping lawn feature Jacarandas Opposite Heritage Trail Reserve a stones throw to John Forrest National Park Set on 2.1023 hectares just over 5 acres The outdoor spaces here are nothing short of utterly charming. Picture terraced veggie patches rambling down the hill, a small vineyard, established fruit trees ready to bloom, and a chook pen waiting for your feathered friends. This property has pastured paddocks for those with horses or livestock, a working bore, two water tanks, and an old arena and lunging yard for your equestrian dreams. Need storage Theres a 9m x 7m powered shed, a tworoom shed formerly a stable, and two double carports. The manicured lawns are framed by stunning Jacarandas, and if thats not enough, this block is opposite the Heritage Trail Reserve and just a stones throw from John Forrest National Park. Whether youre a nature lover, a gardener, or someone who just wants space to breathe, this home actually has it all. And while youll feel like you live a million miles away possibly on your own Rom Com movie set, youre actually only minutes away from all the mod cons families need shopping centres, schools, sporting clubs and facilities, and public transport. Bonus, this isnt a fantasy, this is your life in the heavenly Hovea. Dreams come true. For more information on 805 Alexandra Road Hovea, or for friendly advice on any of your real estate needs, please call Shirley from Team Lindsay on 0414 996 706. Disclaimer the team at Earnshaws Real Estate has used our best endeavours to ensure the information here is accurate, but prospective purchasers should always make their own enquiries with the relevant authorities to verify the information in this listing. We accept no liability for any errors, omissions or inaccuracies. All boundary lines, measurements and sizes on our images are approximate."
-
93.1%
$1.22M
2.8%
-$50,000
-$50,304
2.5%
1.9%
-15.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,800,000
Estimated Purchase Price
$1,800,000
Stamp Duty
$83,816
Transfer Fee
$553
Conveyancing
$1,535
Deposit (10%)
$180,000
Reg. Mortgage
$203
LMI Premium
$56,323
Renovation Costs
-
Total Cash/Equity Required
$322,979
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+8.2% PA
$3,624
$5,159
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
$35,057
$50,551
Interest Repayments
$106,920
$106,920
Net Cashflow Before Tax
-$71,863
-$56,369
Depreciation
-
-
Tax Offset
-$21,559
-$16,911
Net Cashflow After Tax
-$50,304
-$39,459
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,869,000
$3,378,707
Loan Balance
I.O
$1,620,000
$1,620,000
$249,000
$1,758,707
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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