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Unusual Tudor home doubles in value

Seal Media Group, Australia

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.RELATED: What you can buy for Melbourne’s median house priceFamed architect’s Caulfield North party pad gets $330k cutTrophy homes blow house price records out of the water“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”.“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.Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.MORE: Melbourne family pays $15m for penthouse as crime fear risesBuyer to pay $5m to knock down Brighton houseMelbourne house values predicted to lead nation with risesamantha.landy@news.com.au

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