65 Furlong Road, Cairnlea

UPDATE 22/07/2023: Sold for $1,410,000. WOW. Amazing crowd turn out. 4 strong bidder.

Summary

Very unique house style house, the owner took great care of the property, you have to wonder if they are just creative or have a professional decorator involved. Being on main road does mean more traffic; perhaps it is a good or bad point depending on your perspective.

The contract is quite standard without too much concern. House size is quite large, but larger size come with larger bill.

Contract Review: 65 Furlong Road, Cairnlea

Disclaimer

Please find below is Ocean’s Contract Review from the Section 32 and Contract of Sale for this property based on documents we have received, please note that this is our opinion only and further question can be inquire with us or your Conveyancer. If you have any question outside of the Contract, you should contact the real estate agent:
Mr Chad: 0433 373 726
Mr Leigh: 0414 098 557

Please call us, message, visit or email us if you have any further inquiry regarding Contract or Property Laws.

Currently the agent valuing this property between: $1,000,000 to $1,100,000, please take that into consideration during research, negotiation, bidding or property valuation and finance with your banker or broker.

Personal Thoughts

Very unique looking house, beautiful decoration, Cairnlea property up for sale is quite low in comparison to other Suburb. Nice pergola for outside entertainment, I wonder if the buyer get the trampoline too. Very rare to see 3 space garage, and a private toilet nearby. Interesting that the garage lead to the study.

Now in relation to the contract.

General Information & Terms and Conditions

Noted: If purchase at Auction, you may lose your Cooling Off right, Deposit need to be ready on the day, Term and Conditions may not be negotiable.

Special Conditions; the Vendor kept the contract fairly standard without any conditions that is too concerning.

Based on the photo and the floor plan of the property, it also does not seem to have any concerning issue, however we still recommend to have a thorough look at the property, take lots of photo to avoid dispute of what was or was not damage. If in doubt, a Building Report can be arrange prior to Auction.

If possible prior to bidding, to negotiate for “All appliance to be in working order” as you may not have time to check all appliance.

Vendor’s Statement / Section 32

Services Availability: All
Look like the property only have 1-2 owners, considered that it was purchased in 2007.
There is an easement on the property at the back, however all your neighbour have it too, so it is unavoidable. This where water pipe is usually install.
Land size is approximately: 807m2, above average and larger than most of the neighbours.
This property is a Neighbourhood Residential Zone. This would explain the unique look of it. Although Neighbourhood give less freedom compare to General Residential, it however is much more stylish.
This property is NOT in Bushfire Prone Area. There is a water area nearby; a small Ponds. What nice about Cairnlea is there is many park and reserve area, personally I have visit approximately 6 ponds in Cairnlea.
Council rate is estimate to be $2500 yearly, which is quite standard considering the landsize and the value of this property.
Water rate is estimate to be $680 yearly. Quite standard.
If you were to buy this property as Investment, it currently Landtax is unknown, this documents is not included in the Statement. We advise to request for a Certificate. Based on estimation it could be: $1975
The property is not subject to Lease, purchase will be vacant possession. If you are buying this for investment, we can refer you to a property manager to assist you.

In relation to signing the contract:

Particular Page 1: Your full name should be the same as your Passport name, also to include the phrase or wording, “AND/OR NOMINEE” at the end. For example: “Ocean Nguyen AND/OR NOMINEE”.

Particular Page 2: If you choose to take on our services, please include the following details under the “Purchaser’s Legal Practitioner or Conveyancer” section.

Oceantralian of Suite 10A, 100 Furlong Road, Cairnlea VIC 3021
Tel: 0479 126 326
Email: admin@oceantralian.com

Particular Page 3: Payment. 5% to 10% of the deposit on the day of signing, as this is an Auction via EFT or Bank Cheque. You may be given a few days (till Monday if on Weekend) to organize for the remaining balance.

Particular Page 3: Settlement time: standard time for settlement is within 90 days of signing contract of sale. You may also add in the phrase or wording, “90 days OR EARLIER”. However most Auction terms will be between 30 to 60 days.

Please note you usually have 3 business days cooling off, in which you can cancel the contract, however this does not applies if this is purchase at Auction.

Thank you. Yours faithfully,
Ocean