SOLD BY JOSEPH CHEONG OF LOGOS REALTY IN 4 WEEKS. Words cannot adequately describe this immaculately presented, simply sensational home boasting 7 double-sized bedrooms, each with new Panasonic heating/cooling splits, 4 bathrooms and a large open plan living area. The house sits on a prime 748 sqm block bordering the suburb of East Victoria Park and is situated opposite a large park. A young 2007 built home with large open plan living and modern kitchen complete with ducted a/c to the living areas, high ceilings and has recently been renovated extensively, spruced to perfection. The 7th bedroom can be interchanged as a home theatre complete with a nice recess ceiling feature. This home can appeal to a family, or alternatively can potentially generate $220 x 6 bedrooms = $1320 per week returns to students, young professionals, couples, looking for some luxury and comfort that this home offers! Say, conservatively 40 out of 52 weeks occupied = $1320 x 40 = $52,800 p.a. return versus current interest mortgage repayments conservatively assumed at borrowing $1,000,000 at 4.28% = $42,800 p.a., hence cash flow positive!
Block value: $950/m2 x 748 = $710,000, replacement cost $350k plus $50k newly included landscaping = $400,000 hence a property value of $1,110,000 !
Bordering East Victoria Park, this is a multicultural place and is sought after by local and international buyers. While other Perth suburbs fluctuate in land and dwelling prices, St James and East Victoria Park remains constant and on the up.
This property has a prime location 12 minutes' drive from Perth city on a good run. It's a 5 minute drive to the Vic Park cafe strip, 5 minutes to the Collier Park Golf course, a 5 minute walk to Curtin Uni and also 12 minutes' drive to the Airport on a good run. In fact this property is central to everything, the best spot in the Southern hemisphere, well, just about.
Now back to the property, from the moment you step in, you can feel the welcoming grand entrance from which a master ensuite is situated to the left and further to the right it forks into a large guest bedroom and on the left opens up to a large open plan living and modern kitchen with 2 fridge recess space, plentiful overhead cupboard space, extra large 900mm stove and oven and central island which is perfect for entertaining guests. Other features include NBN connection, newly installed CCTV with remote internet monitoring (purchasers will need to reconfigure system with their own internet details if they want to use remote monitoring feature), with a cosy outdoor fully-sheltered timber decked area, overlooking a welcoming, fully reticulated resort-style garden and sparkling salt water swimming pool*. This house is neat as a pin, literally heaven on earth with nothing left to do, landscaped beautifully front and back!
* Whilst every care has been taken in the preparation of this brochure, accuracy cannot be guaranteed. Prospective Buyers should make their own inquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Agent and are expressly excluded from any contract.
Property Code: 111
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