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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 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

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