PropertyData Online - Property Report · 2017. 7. 21. · Upgrade Appliances – Miele Light fittings: LED downlights Included upgrades to three bedroom units: Concealed air-conditioning

VALUATION GUIDE

Development Introduction

Magnolia offers 15 levels of serene elegance in the heart of Doncaster Hill. Positioned on a

quiet residential street, Magnolia exudes effortless opulence. Renowned CHT Architects

merge simplicity and luxury with a grounded sense of grandeur, taking the clean lines of a

modernist exterior in concrete and glass, and extending them through the geometric

silhouettes of the apartments inside. Offset by the lush landscape designs of Jack Merlo, two

spectacular communal garden terraces complete this urban retreat, creating the ultimate

escape for quiet contemplation. The building has been delivered to an exceptionally high

standard from the builder, Hamilton Marino, and the Project Manager, Charter Keck Cramer.

Development highlights

Sustainable energy savings for occupants, including double glazed windows and NBN

connectivity.

Significant investment toward high quality amenities for residents, including two

substantial landscaped terraces on level 12 and 14, boasting views across Melbourne,

along with marble floor and wall finishes to the lobby areas.

High quality apartment finishes including Signorino tiles, George Fethers & Co oak

timber flooring, 2Pac and timber veneer joinery and frameless glass shower screens

just to name a few.

Close proximity to shopping, schools and transport.

PROJECT FACT SHEET

Development

Name:

Magnolia

Developer: Stanleyfield Pt Ltd

Development

Address:

20-24 Hepburn Road, Doncaster

Project

Architect:

CHT Architects

Builder: Hamilton & Marino Builders

Project

Manager:

Charter Keck Cramer

Carpark: All carparks are secure, individual underground carparks

(No car lifts or car stackers)

All levels of the car park are painted to both the walls

and ceiling, and the floor is completely sealed with a two

coat sealant system.

Construction

Materials:

Structure

Reinforced post-tensioned concrete slabs

Precast concrete wall panels

In-situ concrete columns and core

External Walls

Precast concrete walls with paint finish

Double glazed windows and balconies with

powder coated aluminium frames

Apartment Walls

Plasterboard wall system to comply with acoustic,

thermal and BCA requirements

Doors

Apartment entry doors – 2340mm high solid core

doors

Energy rating: 5 star building energy rating

Kitchen and

bathroom:

Reconstituted stone benchtops, porcelain tiles, 2Pac

and Timber Veneer joinery, Glass splashbacks,

frameless glass shower screens

Kitchen

Appliances:

Standard Appliances – SMEG

Upgrade Appliances – Miele

Light fittings: LED downlights

Included

upgrades to

three bedroom

units:

Concealed air-conditioning as standard

Integrated fridge as standard

Increased internal door heights to 2340mm as standard

Concealed sprinkler heads in lieu of pendant sprinkler

heads as standard

Storage cages: All apartments have bene allocated a storage cage on

title

Water: Gas hot water system with PV Solar contribution

Common areas: Marble floor and wall tiles in lift lobby’s

Landscaped common areas on level 12 and 14

Entrance lobby with fireplace and guest seating

Rubbish

disposal:

Designated bin room with waste chutes on each level

FINISHES AND FITTINGS SCHEDULE

ITEM SPECIFIED DESCRIPTION

EXTERNAL FINISHES

Aluminium Window Frame,

Window Shrouds & Balustrade

Frame

Finish: Powdercoat

Colour: ‘Bronze’

Balcony Paver Manufacturer: Signorino Description: Toronto GP0075 Size: 300 x

600

Window Glazing - Clear Supplier: ‘Viridian’ or equal

approved

Product: VTough

Colour: Clear

Window Glazing - Obscure Supplier: ‘Viridian’ or equal

approved

Product: Decorsatin

Colour: Clear

Window Glazing - Colourback Supplier: ‘Viridian’ or equal

approved

Product: Colorback - VTough

Colour: Woodland Grey’

APARTMENT FINISHES

GENERAL

Robe Door Framed silver mirror

Robe Door Head & Track Polished chrome head & track

Three bedroom A/C upgrade Concealed Air-conditioning to living area and master bedroom as

standard

Three bedroom Fridge upgrade Integrated fridge / freezer included as standard

JOINERY FINISHES

Joinery - 2Pac Description: Dulux Natural White

Finish: Semi-gloss

Joinery - Timber Veneer Fethers Lignapal V20 Oak White Wash



BATHROOM FIXTURES

Basin Manufacturer: Reece

Description: Omvivo Neo 700mm

Finish: White

Basin Manufacturer: Reece

Description: Omvivo Neo 1000mm

Finish: White

Basin Mixer Manufacturer: Reece

Supplier: Phoenix Tapware

Description: Cerchio Basin Mixer

Finish: Chrome

Toilet Manufacturer: Reece

Description: Roca Gap BTW Close Coupled Suite

Finish: White

Toilet Roll Holder Manufacturer: Reece

Description: Milli Glance Toilet Roll Holder

Finish: Chrome

Towel Rail Manufacturer: Reece

Description: Milli Glance 600mm Single Towel Rail

Finish: Chrome

Shower Mixer Manufacturer: Reece


Description: Cerchio Shower Mixer

Finish: Chrome/ Black

Shower Rail Manufacturer: Reece

Description: 140 Rail Shower

Finish: Chrome

Shower Screen Description: Frameless fixed glass panel screens

Selected apartments to have frameless doors with chrome patch

fittings

Robe Hooks Manufacturer: Reece

Description: Milli Glance robe hook

Finish: Chrome



KITCHEN

Sink Single Manufacturer: Reece

Description: Afa Cubeline Single undermount Bowl

Finish: Stainless Steel

Sink Double Manufacturer: Reece

Description: Afa Cubeline Double Undermount Sink


Kitchen Mixer Manufacturer: Reece


Description: Cerchio Kitchen Mixer

Finish: Chrome

LAUNDRY

Trough Manufacturer: Reece

Description: Project 30 Metal Cabinet 30 Ltr


Trough Manufacturer: Reece

Description: Posh Solus 45L inset trough


Laundry Mixer Manufacturer: Reece

Description: Posh Bristol Sink Mixer

Finish: Chrome

Washing Machine Taps Manufacturer: Reece

Description: Dura Arco RA W/M Stops Lever Handles (Hot & Cold)

Finish: Chrome

FIRE PROTECTION

Three bedroom sprinkler

upgrade

Concealed sprinkler heads includes as standard

FLOOR FINISHES

Light Scheme Carpet -

Apartments

Manufacturer: Victorian Carpets

Description: VCC Tudor Twist 32OZ. Tudor Twist

Colour: Turret



Warm Scheme Carpet -

Apartments

Manufacturer: Victorian Carpets

Description: VCC Tudot Twist 32OZ. Tudor Twist

Colour: Maiden

Timber Flooring Manufacturer: George Fethers & Co

Description: Sandrift Oak Ultra Matt

Size: 190mm x 14.5mm

TILES

Bathroom Floor Tile Manufacturer: Signorino

Description: Parma 33-62 Carbon

Size: 300x600

Finish: Natural

Bathroom Wall Tile Manufacturer: Signorino

Description: Monaco White

Size: 300x600

Finish: Gloss

BENCHTOPS

Benchtops and Splashbacks Manufacturer: Cerdomus Tile Studio

Description: Callacatta Porcelain Maxfine

Finish: Honed

ELECTRICAL

Switches and GPO Manufacturer: Clipsal by Schneider Electric

Description: Slim line range

Finish: White

Smoke Alarm Manufacturer: Clevertronics

Description: Smoke Alarm

Finish: White

Smoke Alarm Manufacturer: PSA Life Saver

Description: Smoke Alarm

Finish: White

Flush Mount Smoke Alarm Manufacturer: Clevertronics

Description: Flush Smoke Alarm

Finish: White



Strip Lighting Manufacturer: Melec Superior Lighting

Description: Strip Lighting

Finish: White

Balcony Lighting Manufacturer: Brilliant

Description: Exterior Wall Light

Finish: Aluminium Black

Balcony Lighting Manufacturer: SAL

Description: Balcony Wall Light

Finish: Aluminium Black

Switchboard Manufacturer: Voltex Switchboard

Description: Switchboard. Flush Mounting

LED Downlight Manufacturer: SAL

Description: LED Downlight Kit

Finish: Warm White

DOOR HARDWARE

Apartment Entry Door Handle Manufacturer: Designer Doorware

Description: Catalina on Circular

Apartment Passage/Privacy Set Manufacturer: Designer Doorware

Description: Catalina on Circular

Apartment Door Stop Manufacturer: Designer Doorware

Description: DS6-75 with DS91 Flange

Finish: Satin Chrome

Three bedroom door upgrade Increased to 2340mm high internal doors

FOYER & COMMON AREAS

Basin Mixer Manufacturer: Reece


Description: Cerchio Basin Mixer

Finish: Chrome

Bottle Trap Manufacturer: Reece

Description: Mizu 40mm Round Bottle Trap

Finish: Chrome



Finish: White





Finish: Chrome



Finish: White



Finish: Chrome

ELECTRICAL

Recessed Presence Detector Manufacturer: Robus

Description: Recessed Presence Detector

Finish: White

LED Wire Guard Batten Manufacturer: Ektor

Description: Wide Body Wire Guard Batten LED

Finish: White

Emergency Exit Light Manufacturer: Clevertronics

Description: LED Emergency Exit Light Fitting

Finish: White

Emergency Exit Light Manufacturer: Ektor

Description: Razor LED Emergency Exit Light Fitting

FOYER/CORRIDOR

Foyer/Corridor Walls Manufacturer: Cerdomus Tile Studio

Description: Callacatta Porcelain Maxfine

Finish: Honed

Corridor Carpet Manufacturer: Cavalier Bremworth

Description: Infinity

Colour: Black Hole

Aluminium Skirting 100mm Black Skirting

Foyer/Corridor Floor Tiles Manufacturer: Cerdomus Tile Studio

Description: Pietra Grigio Stone Tile

Finish: Polished

Foyer/GF Lift Core Glass 6mm colourback glass

SECTION

BASEMENT 3

BASEMENT 2

BASEMENT 1

GROUND

LEVEL 01

LEVEL 02

LEVEL 03

LEVEL 04

LEVEL 05

LEVEL 06

LEVEL 07

LEVEL 08

LEVEL 09

LEVEL 10

LEVEL 11

LEVEL 12

LEVEL 13

LEVEL 14

ROOF

Marshall White & CoPH: 03 9822 9999

FAX: 03 9824 4897DATES : 25/08/2015 and 25/08/2016

PROPERTY TYPE : Flat/Unit/Apartment (Res)SALE TYPE : Auction Sale, Sold Before Auction, Sold After Auction, Private Sale,

Expression of Interest, Sale by Tender, SalePRICE : $500,000 and $1,250,000

STREET NUMBER : (ANY)STREET : (ANY)

STREET TYPE : (ANY)SUBURB : DONCASTER

DATA SOURCE : REI and VG/GovRETURNED : 5

Demographics - Doncaster

SUBURBDoncasterMUNICIPALITYManninghamMEDIAN AGE44

Doncaster is located 14 km east of the CBD. Bounded by the KoonungCreek in the south and Victoria Rd in the east, Doncaster is aresidential suburb in Melbourne's outer east. Like a number ofsuburbs in this part of Melbourne, the population has decreased andaged significantly over the 1981-1996 period. Doncaster also featuresWestfield Shoppingtown Doncaster, the Manningham City CouncilOffices and areas of open space including the Eastern Golf Club, theTimber Ridge and Schramms Reserves and part of Ruffy Lake Park.

MEDIAN LOAN REPAYMENTS& INCOME

Monthly loan repayment2000Weekly rent369Weekly individual income525Weekly family income1446Weekly household income1242

DWELLING TYPE RENT VS. OWN POPULATION

Separate house5097Semi-detached1167Flat,unit or apartment673Other4Total6941

Own3422Purchasing1768Rent government19Rent Private1336Other159

Under 15 years258515 - 65 years1149365 years and over4282Total18359

* Source: Australian Bureauof Statistics, Census 2011

MEDIAN PRICE

MEDIAN PRICE: This provides a measure of the midpoint of house sales, meaning that 50% of sale prices aregreater than the median and 50% are below the median. In general, the median price is preferable to usingaverage sales price, which can be skewed upwards in any time period by a number of expensive propertysales.

Doncaster

HOUSEMedian Price Current Median Price: $1,255,044

UNITMedian Price Current Median Price: $650,000

CAPITAL GROWTH

CAPITAL GROWTH: The increase in value of an asset or investment i.e. the difference between the currentvalues and the original purchase price. In other words, selling the property would result in you having morecapital than you had when you originally purchased them.

Doncaster

HOUSE Median Price Quarter-by-quarter percentage change

UNIT Median Price Quarter-by-quarter percentage change

Results

406/5 Sovereign Point Ct DONCASTER 3108PRICE : $660,000 RECORDED :

RESERVE PRICE : WALLS :SALE DATE : 06/05/2016 ROOF :METHOD : Private Sale BEDROOMS : 2

SETTLEMENT DATE : BATHROOMS : 2PROPERTY TYPE : Apartment ROOMS : 3MUNICIPALITY : Manningham CARPARKS : 1

PARISH : STOREYS :MAP REF : 33 D 11 BUILD AREA :

BLOCK NUMBER : FRONT DIMENSION :LOT NUMBER : SIDE DIMENSION :

CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : FURNISHED : No

YEAR BUILT : OWNER OCCUPIED: No

COMMENTS : Dazzling with fabulous contemporary flair and only a short stroll to Westfield Doncaster shops, this brand new 2 bedroom + study, 2 bathroomapartment is an outstanding inner city investment!With a fantastic open floor plan and vibrant floating timber floors, this stunner enjoys aspacious living area with relaxed meals, chic kitchen featuring a stone island bench, dual sink, and quality appliances (incl. Bosch dishwasher,Fisher and Paykel fridge, and integrated microwave), master bedroom with his and her vanity ensuite, BIR, and study nook, further bedroomwith BIR, private study, tasteful central bathroom, and a European laundry featuring a Bosch washing machine.A stunning investmentopportunity or a prospect for first home buyers, this tasteful abode also enjoys a well-sized private balcony over-looking stunning views toboth dandenong and kinglake ranges, along with access to superb communal facilities including a rooftop garden with distant city views andthe gym. Extra features include reverse cycle heating and cooling, generous linen storage, and a single car space with storage cage.In abrilliant central Doncaster location, it is close to Doncaster Primary School, Doncaster Secondary College, Macedon Square shops, ThomsonReserve, Burgundy Drive Reserve, and Doncaster Leisure Centre.Don't miss your opportunity to snap up this fabulous apartment today!

306/18 Berkeley St DONCASTER 3108PRICE : $537,000 RECORDED :


SETTLEMENT DATE : 01/03/2016 BATHROOMS : 2PROPERTY TYPE : Apartment ROOMS : 5MUNICIPALITY : Manningham CARPARKS : 1

PARISH : Bulleen STOREYS :MAP REF : 33 E 12 BUILD AREA :

BLOCK NUMBER : FRONT DIMENSION :LOT NUMBER : 306 SIDE DIMENSION :

CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : PS629591 FURNISHED : No

YEAR BUILT : OWNER OCCUPIED: Yes

COMMENTS : Stylish and close to everything!Celebrate an exceptional lifestyle only seconds to the many entertainment, culinary and fashion pleasures onoffer at Westfield Doncaster from this 1st floor apartment within 'The Berkeley'. Tucked away in a quiet residential street away from the hustleand bustle, park in the secure basement and take the lift up to this apartment which captures abundant morning sunshine.The delightfullyopen-plan living and dining room with split system air-conditioner extends out via a sliding door to the expansive entertainer's balcony.Equipped with Smeg appliances, the kitchen is superbly finished in stone, glass splashbacks and stylish cabinetry; ready for any culinarypursuit.A glistening dual vanity stone ensuite accompanies the master bedroom with large built-in robes. A 2nd double bedroom, fully-tiledmain bathroom, study/3rd bedroom, excellent storage and euro laundry add to its appeal.Boasting a resident's lap pool and gym, livemoments from Ruffey Lake Park, Doncaster Primary School and multiple bus routes, with Box Hill hospital and TAFE nearby.* 1st floor, 2bedroom plus study apartment in a quiet street* Seconds fromWestfield Doncaster* Open-plan living and dining, out to a large balcony*Stylish kitchen with stone benches and Smeg appliances* Master bedroom with large built-in robes and stone ensuite* Resident's lap pool andgym Also visit the stand alone website at: www.306-18berkeleystreetdoncaster.com Terms: 10% deposit, balance 60/90 days Land: Strata Title

908/632 Doncaster Rd DONCASTER 3108PRICE : $588,000 RECORDED :


SETTLEMENT DATE : BATHROOMS : 2PROPERTY TYPE : Apartment ROOMS : 4MUNICIPALITY : Manningham CARPARKS : 2

PARISH : Bulleen STOREYS :MAP REF : 47 D 1 BUILD AREA :



YEAR BUILT : OWNER OCCUPIED: No

COMMENTS : Opposite Westfield Doncaster, this prize position on level 9 of The Pinnacle complex offers a sweeping panorama to the mountains for skyhigh dreaming. Including 2 bedrooms, 2 bathrooms, 2 secure under cover car spaces, and 2 grand balconies with sliding metal shutters, there'severything you need to work, rest and play in Doncaster's shopping and transport hub. Contemporary large format tiles, wall hung bathroomvanities, lift swipe card security and a stunning splash back kitchen with s/s appliances offer all the convenience of modern living in a flexiblefloor plan that flows from the meals area and family room out to two separate terraces with spectacular views.

701/91-93 Tram Rd DONCASTER 3108PRICE : $600,000 RECORDED :



PARISH : Bulleen STOREYS :MAP REF : BUILD AREA :




COMMENTS : This deluxe 7th floor apartment in the highly sought-after Madison complex boasts spectacular uninterrupted views from the city to theDandenong Mountains, with numerous windows and a superb full length balcony that make the most of these stunning aspects.Just a stonesthrow fromWestfield Doncaster shopping, cafes, transport and the Eastern Fwy its lowmaintenance lifestyle epitomised. Featuring bright andspacious living/dining areas adorned by polished parquet floors, Smeg kitchen which includes Caesarstone benchtops and chic tiled glasssplashback, two robed double bedrooms (main with stylish ensuite), study/storage for added flexibility and a lavish central bathroom withCarrara marble double vanity plus Euro laundry. Additional highlights include ducted heating/cooling, secure entry and basement car space.

23/765-767 Doncaster Rd DONCASTER 3108PRICE : $550,000 RECORDED :



PARISH : Bulleen STOREYS :MAP REF : 33 F 12 BUILD AREA :




COMMENTS : Ideally positioned in the sensational Acadia apartment complex, this executive ground-floor residence is certain to impress with its spaciousfloorplan showcasing two double bedrooms (both with terrace access) and study, stunning two-way bathroom and additional powder room,Smeg-equipped stone-bench kitchen, light-filled open living/dining area out to a full-length entertainers terrace. Extensive features includequality carpets and floor tiles, heating and cooling, full-sized laundry, marble-top vanities, plus video intercom, secure entry foyer, lift access tolower-level parking space and storage room. Close to public transport, schools, Westfield Shopping Centre and easy freeway access.

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Imperial, 5 Sovereign Point Court, Doncaster

- Contemporary eight storey building designed by Buchan Group and developed by AXF Group, to comprise 96 apartments over basement car parking known as Imperial.

- Accommodation comprises 1, 2, 2 + S and 3 bedroom apartments each complemented by a balcony, two bedroom townhouses each complemented by north facing courtyard, together with a balance of 3 bedroom sub-penthouses of up to 344 sq.m.

- Above average level of specification orientated to a higher value investor and owner occupier purchaser profile.

- Common property will include a ground floor lobby, private theatre, resident’s garden on Level 5, fully equipped gymnasium and full time on-site manager.

- Located on the corner of Williams Road and Sovereign Point Court on Doncaster Hill, with protected CBD skyline views.

SALES EVIDENCE.

Released to the market in late 2012, detailed below is a selection of sales evidence (apartment numbers subject to confidentiality):

Level Area

(sq.m.) POS

(sq.m.) BRs BthRs Cars Sale Price Value Rate

p.s.m.

Ground 79 51 2 2 1 $605,000 $7,658

74 23 2 2 1 $539,000 $7,284 First 108 13 3 2 2 $795,570 $7,366

112 13 3 2 2 $880,000 $7,857 Second 84 49 2 2 1 $682,000 $8,119 76 10 2 2 1 $575,000 $7,556

Third 86 10 2 2 1 $660,000 $7,674

Fourth 98 10 2 2 1 $795,000 $8,112

76 10 2 2 1 $605,000 $7,965 86 10 2 2 1 $685,000 $8,562 Fifth 53 10 2 2 1 $420,000 $7,925

106 24 2+S 2 2 $875,000 $8,255

53 10 1 1 1 $405,000 $7,642

Sixth 84 49 2 2 1 $703,000 $8,369

76 10 2 2 1 $626,000 $8,237

Seventh 160 59 3+S 2 2 $1,385,000 $8,656

134 27 3+S 2 2 $1,155,000 $8,619

Eighth 161 51 3 2 2 $1,500,000 $9,317 Average Value Rate.

The average value rate across the project is $8,250 p.s.m.

Pearl, 1 Grosvenor Street, Doncaster

- Contemporary style 10 storey building to be known as Pearl, developed by Ho Bee Land to comprise 176 apartments and nine townhouses over basement car parking.

- Accommodation comprises one and two bedroom apartments each complemented by a balcony, together with nine three bedroom townhouses each complemented by private courtyard. Above average specification across the project.

- Common property will include a ground floor lobby, swimming pool, resident lounge and paved and landscaped garden surrounds.

- Located adjacent to Westfield Shoppingtown, in immediate proximity to the subject proposal but within a more residential and parkland context. Represents a more residentially orientated development of smaller scale and broader market appeal then expected for the subject proposal.

Sales Evidence.

Sales in Pearl are summarised as follows:

Ap’nt Level Area

(sq.m.) Balc.


p.s.m.

AG.02 G 75 33 2 2 1 $540,000 $7,200 AG.16 G 48 14 1 1 1 $375,000 $7,813 A1.06 1 43 9 1 1 1 $328,000 $7,628 A1.16 1 64 13 2 1 1 $515,000 $8,047 A1.19 1 46 9 1 1 1 $358,000 $7,783 A2.01 2 79 26 2 2 1 $590,000 $7,468 A2.13 2 44 8 1 1 1 $360,000 $8,182 A3.01 3 70 37 2 2 1 $580,000 $8,286 A3.11 3 42 11 1 1 1 $355,000 $8,452 A3.14 3 60 15 2 1 1 $505,000 $8,417 A5.01 5 70 5 2 2 1 $580,000 $8,286 A5.10 5 64 32 2 1 1 $532,000 $8,313 A5.14 5 60 20 2 1 1 $520,000 $8,667 A6.01 6 70 5 2 2 1 $585,000 $8,357 A7.01 7 70 5 2 2 1 $590,000 $8,429 A7.07 7 58 6 1 1 1 $438,000 $7,552 A7.14 7 60 20 2 1 1 $530,000 $8,833 A8.14 8 60 23 2 1 1 $535,000 $8,917 Average Value Rate.

The average value rate for sales to date across the project is approximately $7,963 p.s.m.

Panorama, 101 - 105 Tram Road, Doncaster

- Designed by Rothe Lowmann, it is proposed to construct an 11 storey building comprising 202 residential apartments of one, two and three bedroom configurations, several with a study and each with balcony and/or courtyard.

- Each property has one or two allocated car parking spaces, whilst to the lower and upper ground floor levels will be three retail/commercial spaces.

- The apartments, which represent the majority of the development, are to be well appointed throughout, featuring American Oak flooring, Carrara marble benchtops, vinyl wrap and 2pac cabinetry, European appliances, as well as tiles and carpet according to use.

- Central Doncaster location within walking distance of the extensive Westfield Doncaster Shopping Centre.

Sales Evidence.

Sales in Panorama are summarised as follows:

Unit Level Area

(sq.m.) Balc./T’ce

(sq.m.) C’yard BRs BthRs Car Sale Price Value Rate

p.s.m.

1.02 1 42.1 16.9 - 1 1 1 $345,000 $8,195 1.11 1 95.2 28.1 - 2 2 1 $598,000 $6,282 2.10 2 73.6 26.2 - 2 2 1 $558,000 $7,582 2.11 2 95.2 28.1 - 2 2 1 $603,000 $6,334 3.13 3 55.2 11.7 - 2 1 1 $420,000 $7,609 3A.10 3A 73.6 26.2 - 2 2 1 $571,000 $7,758 5.02 5 42.1 8.0 - 1 1 1 $348,000 $8,266 5.11 5 95.2 28.1 - 2 2 1 $624,000 $6,555 5.22 5 61.3 9.4 3.4 2 2 1 $462,000 $7,537 6.03 6 58.1 9.4 6.6 2 1 1 $453,000 $7,797 6.10 6 73.6 26.2 - 2 2 1 $577,000 $7,840 6.11 6 95.2 28.1 - 2 2 1 $634,000 $6,660 7.07 7 65.3 10.8 - 2 2 1 $514,000 $7,871 7.11 7 95.2 28.1 - 2 2 1 $640,000 $6,723 7.12 7 55.2 11.7 - 2 1 1 $437,000 $7,917 8.04 8 58.1 9.4 6.6 2 1 1 $463,000 $7,969 8.11 8 95.2 28.1 - 2 2 1 $649,000 $6,817 8.23 8 43.5 8.0 - 1 1 1 $364,000 $8,368 9.10 9 73.6 26.2 - 2 2 1 $598,000 $8,125 9.11 9 95.2 28.1 - 2 2 1 $658,000 $6,912 9.14 9 55.2 11.7 - 2 1 1 $452,000 $8,188 10.07 10 111.0 58.6 - 3 2 2 $765,000 $6,892 10.08 10 99.0 91.2 - 2 2 1 $710,000 $7,172 Average Value Rate.

The average value rate for sales to date across the project is approximately $7,530 p.s.m

88 Doncaster Hill, 86 - 88 Tram Road, Doncaster

- Contemporary style six level development designed by ML Design to be known as 88 Doncaster Hill. A total of 59 apartments between Levels 1 - 6 (inclusive).

- The apartments will provide studio, one, one plus study, two, two plus study and three bedroom accommodation. The apartments have been well designed, providing functional floorplans and are to be appointed to an above average investor grade quality of finish.

- Common property will include two basement levels of car parking, ground floor lobby, two internal lifts, gym, lap pool.

- Central location on Tram Road, within close proximity to Westfield Doncaster Shopping Centre, a bus service, and is in close proximity to a number of other facilities complementing residential occupation including primary and secondary schools, together with other recreational, lifestyle and sporting facilities.

Sales Evidence.

Sales in 88 Doncaster Hill are summarised as follows:

Unit Level Area

(sq.m.) POS


p.s.m.

G.01 G 69 36 2+S 2 1 $512,000 $7,420

1.01 1 69 11 2+S 2 1 $459,000 $6,652

1.02 1 56 9 1+S 1 1 $388,000 $6,929

1.05 1 71 9 2 2 1 $499,000 $7,028

2.01 2 69 11 2+S 2 1 $482,600 $6,994

2.05 2 71 9 2 2 1 $495,000 $6,972

2.06 2 86 9 2+S 2 1 $590,000 $6,860

3.01 3 76 42 2 2 1 $856,380 $11,268

3.02 3 69 9 2 2 1 $470,000 $6,812

3.03 3 56 9 1+S 1 1 $399,000 $7,125

3.04 3 71 9 2 2 1 $513,000 $7,225

3.08 3 72 51 2 2 1 $834,000 $11,583

4.03 4 56 9 1+S 1 1 $388,000 $6,929

4.05 4 86 9 2+S 2 1 $625,000 $7,267

4.06 4 54 10 1 1 1 $382,250 $7,079

4.08 4 72 9 2 2 1 $536,000 $7,444

5.03 5 56 9 1+S 1 1 $404,000 $7,214

5.04 5 71 9 2 2 1 $510,000 $7,183

5.06 5 54 10 1 1 1 $399,000 $7,389

5.07 5 62 9 2 1 1 $469,000 $7,565

6.03 6 56 9 1+S 1 1 $440,000 $7,857

6.04 6 71 9 2 2 1 $550,000 $7,746

6.05 6 86 9 2+S 2 1 $689,000 $8,012

Average value rate.

The average value rate for sales to date across the project is approximately $7,514 p.s.m.

P 9822 8711 F 9824 7788

Bayside Boroondara Port Phillip Stonnington 225 Bay Street 801 Glenferrie Road 101 Dundas Place 1111 High Street Brighton 3186 Hawthorn 3122 Albert Park 3206 Armadale 3143

ABN 36 186 546 961 ACN 071 266 156

22 September 2016

RE: 20-24 Hepburn Road, Doncaster

As requested we write to provide you with a rental appraisal on the above-mentioned property. After comparing this property with recently leased and available properties in the immediate area we believe that a rental in the vicinity of those in the table below could be achieved at the current time.

2 Bedroom, 1 bathroom $420 - 450 per week

2 Bedroom, 2 bathroom $460 - 500 per week

3 Bedroom, 2 bathroom $640 - $700 per week

Our specialist Projects Property Management department encompass comprehensive services including bespoke portfolios with no more than 60 properties each, specific property managers experienced in new developments and who have existing relationships with the developer, full time trust accounting team resulting in efficient fund dispersal & premium access to integrated tenant networks.

Please do not hesitate to contact me should you have any queries in relation to this information.

Yours faithfully Marshall White & Co Pty Ltd

Ashlee Verma Projects Business Development and Leasing Manager

Armadale Office – 1111 High Street, Armadale Direct: 03 8862 4954 Mobile: 0439 390 037 Email: [email protected]

DISCLAIMER

1. This assessment is an opinion only of the rental value(s) of the mentioned property.2. The assessment of the rental value is merely an indication of market value, whereas real market value can only be

determined by the amount that a willing tenant is actually prepared to pay for leasing the property.3. The accuracy of the information obtained from a third party and is used in the preparation of the appraisal of value

cannot be guaranteed.4. The assessment is prepared solely for the information of the aforementioned and no responsibility is accepted should

the assessment or any part thereof be incorrect or incomplete in any way.5. No party should alter their financial position or incur any financial obligation on the basis of this assessment.

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PropertyData Online - Property Report · 2017. 7. 21. · Upgrade Appliances – Miele Light fittings: LED downlights Included upgrades to three bedroom units: Concealed air-conditioning