Investor sees value in luxury display home

Investor sees value in luxury display home

A Sydney-based investor who paid $2.9 million for a stunning display home in Kellyville is set to become one very happy landlord.

The grand residence at 42 Bruhn Circuit was built by Metricon Homes and they will lease back the property for $232,000 per year.

Agent Anita Mirosevic from Speak Realty said the current arrangement is for three years with an option to be extended.

The 8 per cent return attracted strong interest from investors as well as from families hoping to one day live at the classic French chateau-style mansion. According to CoreLogic RP Data, it is the fourth most expensive residential property sale recorded in Kellyville.

“For me, the best feature of the home is the outdoor entertaining area — it’s like a resort and of course the home is nothing short of opulent,” Ms Mirosevic said.

While the purchaser may have to patiently wait for the keys, the upside is when they move in the luxurious property is completely finished with features such as built-in cabinetry and custom light fittings.

The home is part of the Signature Metricon collection. Connecting the upper and lower levels is an elegant timber and wrought iron detailed staircase that also doubles as a beautiful centrepiece.

The sleek kitchen has a butler’s pantry and has been fitted with high end appliances including a built-in steam oven and coffee machine.

Bi-fold doors, just off the kitchen and family room, link the glamorous interior to the equally impressive outdoors.

The gardens and terrace — which has a dining and lounge area — have been designed around a L-shaped saltwater plunge pool.

Located on the upper level of the home are five beautifully decorated bedrooms, featuring designer wallpaper, rich carpets and soft furnishings. Each has its own spa-like ensuite as well as fitted out walk-through closets.

Bi-fold doors from the main bedroom lead to a private balcony overlooking the rear pretty garden. This parent’s retreat also features a fully fitted dressing room with walls of cupboard space plus an open plan luxury bathroom with twin ensuite, soaker tub and separate toilet.

The residential sale record in Kellyville is held by 28-28A Strathfillan Way which sold for $3,325,123 million in February 2018.

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