Hillside: unusual Tudor-style home poised to double in value in six years
29 Sovereign Way, Hillside, is on the market with a $980,000-$1.05m price guide.
The sellers of an unusual Tudor-style home in Melbourne’s northwest are poised to double their money in just six years.
The four-bedroom Hillside home will outperform the rule of thumb that “real estate doubles every 10 years” if it achieves its $980,000-$1.05m price guide, having last sold for $450,000 in 2015.
And the owners haven’t done much more than paint the house at 29 Sovereign Way, Barry Plant Taylors Lakes agent Andrew Koulaouzos said.
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Exposed brick and timber floors provide more modern styling inside.
The house has been described as having a “cottage feel”.
“We’ve had buyer interest in the high $900,000s,” Mr Koulaouzos said.
“The reason it has gone up in value is the land size, and its access from the Melton Highway. A lot of families are moving out from inner city to get more land.”
Built in 2004 in Hillside – which became a suburb in the late 1990s – the house has a “cottage feel to it”.
The open-plan living areas form the hub of daily life.
A big backyard is part of the package.
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“Internally, it feels like you’re out in Daylesford,” Mr Koulaouzos said.
“It’s unique – there are only a handful of (Tudor-style homes in the area).”
Exposed brick walls and floorboards create a rustic yet chic interior.
An open-plan living, kitchen and dining area joins two bedrooms on the ground floor. A further two sleeping spaces and a retreat or study nook make up the top level.
A huge backyard also awaits at the 5495sq m property, complete with an undercover alfresco terrace, a fire pit and multiple sheds.
Hillside has a $715,000 median house price, according to realestate.com.au.
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