Imagine buying a huge five bedroom home for the price of a four, four bathrooms for the price of two and a spacious 2198m2 block for the price of a normal house block. This open and airy home is full of surprises and offers so much.
Priced from $850,000 to $899,000
From the moment you walk through the front door you will feel that you are home, the house has a relaxed welcoming ambience. This secluded quiet home is set over 50m from the road with its own private entry road, it has
* five spacious double bedrooms with the main bedroom being 7m by 4m.
* Three double bedrooms have en-suites.
* It has two large lounges with the main lounge being 8m by 7.5m with excellent outdoor entertainment space on two sides. We used to have a 5m wide screen set up for movie watching.
* It has two charming dining rooms that are joined with the option of making the larger space a rumpus room.
* It also has instant gas heating, an extra large efficient slow combustion heater, numerous sheds and eco-friendly solar panels.
* Four toilets are spread throughout the home.
Outside is a relaxed easy to maintain classic Blue Mountains landscaped garden based on mature scrubs and trees. The trees include snow gums, camellias, Rhododendrons, diasma, abelia, grass trees, Photinia Robusta, and lots of Hebe, and Clivia and agapanthus.
A nearly full length front verandah and two welcoming outdoor entertainment areas.
Plus parking for 10 cars with a big car turning circle.
Breathtaking views are at your door as you are close to Katoomba Golf Course, the Skyway, the Three Sisters, a bus out the front and close to the shops.
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WHAT TYPE OF BUYER ARE YOU?
FAMILY: This house is on a large flat block, parking for everyone, private and space for the biggest family. Economical to run with solar and slow combustion heating. It isa great place to raise a family and the fence is dog proof.
The block has so much space to do what ever you like. Children love playing hide and seek and mum and dad will love just going for a stroll around the beautiful garden or watching the parrots come and go.
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INVESTOR: Depending on your deposit it may be set up as being positive geared, the current tenant is a Buddhist monastery who have never been late for a payment and are excellent tenants and desire a long term lease. The place has always been maintained and recently fully painted inside and out with some new carpets, vinyl flooring and a stove.
Currently rented for $630 a week which is about 4.1% gross return on $800,000.
The property is big enough, if approved to add a 2-3 bedroom granny flat. Depending on what you built. A $350-420 a week extra return may be possible. A 7% plus gross return would be achievable.
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HOLIDAY RENTAL. This magnificent house was Waratah Lodge, Katoomba and for 15 years was one of the most popular rentals in the Blue Mountains. Weekends were normally booked up to 3-9 months in advance and we had numerous midweek bookings all based on only one website. Most of our trade was repeat bookings and Katoomba is famous for its Christian conventions and proved an excellent return. Plus, the added bonus of staying in the scenic Blue Mountains on any weekend you chose.
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RETIREES: This delightful home is charming single storey, with nearly no stairs, (Who wants to climb staIrs when they are old) the shower in the main bedroom is extra large and easy to enter, minimum stairs and the peaceful Blue Mountains Garden block is nearly level and easy to walk over. The garden was set up for minimum maintenance. The home is a sanctuary set up that the three guest bedrooms can be shut off and not near the main bedroom, the fifth bedroom could easily be a ladies intimate craft retreat or a man-cave. Being away from road noise means you can sleep soundly,
The block has so much space to do what ever you like.
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BUDDHIST: Have you ever wanted to own your own monastery. The current tenant is the Kunsang Yeshe Buddhist Centre and is linked to the Dalia Lama. They have been excellent tenants and always pay on time.
The house has an amazing spirituality and has an relaxed ambience.
They follow the Gelug lineage of Tibetan Buddhism as founded by Lama Tsong Khapa and are affiliated with the Foundation for the Preservation of the Mahayana Tradition (FPMT) founded in 1975 by Lama Thubten Yeshe (1935-84). Renowned Buddhist Master, Lama Zopa Rinpoche is the Spiritual Director of FPMT and our Centre.
For an inspection our preferred days are Monday or Tuesday. Other days will need to be organised by the owner with the tenant.