SOLD
Sold on 29 Apr 2024 for $800,000

5 Danube Close
Skye VIC 3977

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 155m2
Land area: 437m2
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Property Details for 5 Danube Cl, Skye

5 Danube Cl, Skye is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 437m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Skye in the last 12 months.

Building Type
House
Year Built
2011
Floor Size
155m2
Land Size
437m2
Local Government
Frankston
Lot/Plan
18/PS616061

Last Listing description (September 2023)

RARE OPPORTUNITY - Beautiful modern 5 (FIVE!) bed compact and efficient brick home in quiet culde-sac across from park! Being offered as a standard rental OR with option to purchase at end of lease so you can move in as intended owners and pay off deposit in small weekly increments over time!

ABOUT THE HOUSE Home is 3 years young, heaps of closet space, central heating throughout and reverse cycle air in living area. Dble remote garage, dishwasher, outdoor BBQ alfresco. Fully fenced back yard, low maint garden area but certainly enough room for kids/pets/veggie patch since block is generous 436m! Best described as a 'compact' house since only 1 living area/dining area but clever design and efficient to heat/cool - house size is 21.6 sq. so not too big, not too small - just right! About 10 min from beach/Peninsula Link/Seaford/Frankston/Cranbourne.

RENT TO OWN OPTION- If desired, you have the option to purchase this house at end or any time prior/throughout the 7 year lease. Move your furniture in day 1 with intention of calling it home! Just pay your normal rent ($425/w), plus an extra deposit portion (you choose how much weekly deposit you can afford - anywhere from $50+/w). The more you contribute each week, the quicker your deposit grows and accumulates, dollar for dollar! You have up to 7 years to save up deposit - sort of like a savings plan or 'layby' but for a quality HOME that you can proudly call your OWN! $10K initial deposit upon signing, which also comes directly off purchase price of $495k. Rental portion increases only $10/week annually so no surprises with rental increases either!

You don't have to worry about rising prices or getting left out of the property market - in fact the higher prices rise the better. Any increased equity becomes YOURS after settlement since remember settlement price is locked in from day 1!

Nothing to guess about - this is a REAL, solid home with REAL numbers and a real DEPOSIT PAYDOWN plan so you know exactly what you are getting. You will not see another deal like this (...well, until November. In Nov we will have a smaller, older, 3bed brick unit avail in Pakenham - MUCH cheaper - call if you want on top of the waiting list or wait for next ad in a few months.)

Also, unlike other 'rent to own' schemes which might offer lower weekly payments (...most are just INTEREST ONLY payments with nothing paid down at the end!) - this is a unique opportunity with a DEPOSIT PAYDOWN with a beautiful house already built!

This is designed for hard-working, decent people who don't have their full deposits saved up but want to live in their home now. The 7 year lease with deposit paydown option gives you the time and flexibility needed to save over time with the security that your purchase price is locked in on day 1.

Serious people only - at bare minimum you need to be earning at least $80k single or combined to ensure you can afford weekly payments. Only other upfront cost would be $1000 to draw up legal agreement. Just ring the number listed, leave details I will ring you back. (Leave message for Scott.) Looking forward to your call so you can move into this beautiful home in a great area with a very unique deposit paydown plan!

Property History for 5 Danube Cl, Skye, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$800,000
29 Apr 2024
Listed for Rent
$435/w
23 Apr 2017
  • 29 Apr 2024
    Sold for $800,000
  • 12 Sep 2023
    Listed for Rent $425 / week
  • 22 Jan 2022
    Sold for $755,000
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About Skye 3977

The size of Skye is approximately 16.6 square kilometres. It has 13 parks covering nearly 2.2% of total area. The population of Skye in 2011 was 7,484 people. By 2016 the population was 8,086 showing a population growth of 8.0% in the area during that time. The predominant age group in Skye is 40-49 years. Households in Skye are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Skye work in a trades occupation. In 2011, 80.5% of the homes in Skye were owner-occupied compared with 78.2% in 2016.

Skye has 3,213 properties. Over the last 5 years, Houses in Skye have seen a 33.38% increase in median value, while Units have seen a 42.36% increase. As at 31 July 2024:

  • The median value for Houses in Skye is $798,417 while the median value for Units is $615,755.
  • Houses have a median rent of $580 while Units have a median rent of $505.
There are currently 11 properties listed for sale, and no properties listed for rent in Skye on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Skye.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.