Address available on request

Large character home beautifully constructed and recently restored to multiple elements of the house Western Red Cedar cladding, exposed rafters and timber lined cathedral ceilings, solid timber spiral staircase, Solid timber Tasmanian Oak floor boards, traditional black slate kitchen floor solid timber benchtops and extensive wrap around verandah with deck entertaining and outdoor living - with a magical tree-canopy outlook - host to the the native array of colourful bird species and occasional visitors.

Extensive improvements to landscaping structures and layouts, repairs to previous dilapidated elements of the building by licensed Builder and extensions to deck areas to permitted m2 to the house, and overall restoration work has have been made over the recent 6 years ownership - with room for even more-improvement ideas both permitted or more broadly subject to DA submission.

Externally over this large block are now multiple landscaped garden planters, terraced lawn areas,, fire pit and large sun-soaked banquet lawn. All this surrounded by native tree groves leading into long bands of open-forested hillside areas. Not overlooked are the homely vegetable garden clusters, herb garden, flower gardens, fruit trees and a Taj Mahal chook house and chicken run.
(Generally the land on this property was previously un-usable and un-attended including areas of dead and dangerous and overhanging trees, one particular enormous dead tree, noxious weed plants, sloping, unstable ground complete with runaway ivy mud-banks and batters.

New also, wrapping around the building footprint, is newly formed level ground with around 100m2 of new on-ground concrete pavement and rock cut-back and new surface water drainage, now creating a long storage wall, bins area. Within the garage is a new dresser timber workshop bench.

And now.... The Internal Layout:

MAIN FLOOR:

3 Bedrooms - 2 with built in wardrobes.

A three-area-bathroom: Shower and bath room; toilet; and, the vanity room (bench, basin and under cupboard storage with a separate linen cupboard.). Opportunity remains still to re-tile and modernise.

Family room - Lounges and TV end leading into the dining area under the expansive cathedral ceilings in an 12 m long wide galley style setting.

Large area chef-designed kitchen with double fridge, double sink, dishwasher, oven and electric cooktops, new whisper quiet German branded range hood all window wall one side on solid timber bench tops and soft close draw and door cabinetry and restored slate flooring.

New Butler's Kitchen with full wrap around solid timber bench tops and GPO's, under bench cupboards and wall cupboard, and wall shelving. an integrated laundry (front loader washer, drier, and modern style laundry / kitchen sink).

Overall on the main floor there are multiple operable glazed sliding doors for balcony access and onto the new entertaining deck and barbecue area (built in solid timber benching).

Ducted air conditioning throughout including each bedroom with a separate split system air conditioner for alternative or supplementary lower-volume AC. Otherwise beautiful fresh air cross-ventilates the house throughout, while skylights and high-light windows provide natural light.


2ND FLOOR (Loft level)

Upward via a beautiful solid timber Tasmanian oak spiral staircase to a bridge above the main floor leads to 2 large bedrooms, 1 with ensuite bathroom, 1 with large undercover balcony. An additional open-loft-area overlooking the kitchen living end of the house also offers a sixth internal dedicate space such as office or Audio Visual space. )Currently this used as a musical break out area and a sewing room filling the house with music often of an evening).

At this level the ridge beam beam is still around 5 meters high above the loft floor level. Exposed rafters and spot lighting rake down with 30 degree pitch in the main room and 22 degree pitch in the bedrooms to retain a spatial wall height around 2.4m in those areas.


THE (ALMIGHTY) GROUND FLOOR / BASEMENT:

Entry side:
Lock up garage with work bench and general storage.
Two open under-cover car ports (one newly created) by relocating the old stair entry and reforming a magnificent concrete stairway entry and high retaining stair wall.

Far side:
Large rumpus room, / teenagers retreat with built-in benches and cupboards with its own dedicated concrete paved external break out area via a large double French Door breakout.

Low side:
Detached but still part of the family are
two air conditioned, permitted auxiliary buildings in log cabin style art/craft/sleepouts/ office areas/
Imagined space usage, arranged to integrate with the existing tree trunks via a shared deck and access stair up to the ground floor level.
One Wood-chip pathway accesses a newly formed concreted car-port and another wood-chip pathway access a lawn terrace currently hosting an Olympic sized trampoline pad. The path navigates around to the under-cabin enclosed garden-store and outdoor recreation store room (for kayaks, bikes and surfboards)

Overall:
Newly landscaped 1438m2 of land area including the house and paved areas. Additional land is shared with the neighbour as the driveway.


LOCATION (Location, Location) - absolutely deserved of this title:

This street is one of the most highly sought-after locations in Glenbrook. It is a quiet area with no through traffic and a traditional, conservative, safe and sociable community of neighbours. Do not miss this location !

Valuable 400m - (5min walk) to train station
Valuable 400m - (5 min walk) to Glenbrook shops
10 min walk to Lapstone Primary School
Valuable : Imagine 20 years of commuting not by train, or otherwise an extra 1/2 day walking to the station, adding up to 7500 hrs a year of walking time. That's equal to a month of 40 hr weeks.
No need to drive to the popular shops, cafes and attempt to park as it's all a five minute walk. The cinema, the oval and park, the tennis courts and bowling club all a hop skip and a jump away.


Other Investment Opportunity:
Option for 50 % Ownership $1,250,000 Investment value only (or other % offered)
AKA: Fractional Ownership Arrangement.

50 % share secured rental income:$1500/wk (3%)
50% share of rates, and insurances.
50% share of capital gain : (Glenbrook has achieved 7%pa compounded growth over past 10 yr and is the desired location for Western Sydney living in close proximity to decades of development around the new Western Sydney Airport and the associated Aerotroplis wealth bubble). Recent market downturn promises a return to upward growth.

Any long term risk of downturn (point of current concern) is also shared under this arrangement and is intended to be managed via flexible timing for final settlement (5 year preferred)

Note that this arrangement would permit no stamp duty or resale agency fee via Deed of Arrangement while still permitting a caveat on title for security.

This Company Share Investment arrangement -therefore also offers tax benefits for finance interest costs, rates and fees, and CGT benefit in share holdings, and concepts for an even lower 500k cash in / 750K borrowed and negatively geared loan arrangement through third party. Otherwise a lower than 50% fractional ownership via further discussion.

Additional information after "Expression of Interest" (EOI) and confirmed finance ( fully funded or borrowed funding pre-approved), including:

- Draft Deed of Arrangement Intentions
- Local valuation report
- Local comparable sales valuation report
- Prospectus developed for a buy in return on investment vs term deposit options for investment. (Net annual or accrued position and other opportunities.

Please call / SMS your bona fide interest, including status

Other EOI that are invited:
Option of Tenancy (for persons bought into the above shared equity arrangement (a company share) therefore retaining 1st homeowner status for later 1st home. (Also ask about additional income opportunities)

The Phone Code for this property is: 12636. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.