$2.22M
$341,851
Confidence
High
High
$2,200,000
Medium
$2,000,000
Low
$1,800,000
Confidence
Moderate
"To enquire, please email or call 1300 815 051 and enter code 2830 NOTE Owners want to rent back this property for up to 3 years. They are willing to pay the purchaser 52K per year. Welcome to an exceptional opportunity to own a truly unique property, now available for the first time on the market This stunning estate offers a lifestyle like no other, where you can immerse yourself in a myriad of activities right within the comfort of your own property. This home is on one of the best streets in King Creek, surrounded by other attractive homes. It is one of the largest homes in King Creek. Sprawling over 5 acres, this impressive property boasts a picturesque backdrop of King Creek, creating a serene and peaceful ambiance. The land is thoughtfully fenced into paddocks, complete with animal shelters and even a small dam for added convenience. A OnceinaLifetime Opportunity Step inside this grand residence and discover the abundance of space and luxury it has to offer. With 6 bedrooms, 3 bathrooms, and an impressive 7car capacity, this home effortlessly accommodates your family and guests. Standing as one of the largest houses in King Creek, the main roof spans over 410m2. Once inside, you are greeted by a huge open space consisting of a family and dining room adjoining the large kitchen area. There is a separate lounge room where the kids can play away from the main area. Enter the massive rumpus room where you could set up the most elaborate entertainment area imaginable, with a pool table, air hockey, table tennis, slot cars, model train sets, pinball machines and arcade machines. It could also be used to work from home or would easily accommodate another two or three bedrooms. It would also make a great space to accommodate relatives and friends. Relish in the lavishness of the master bedroom, featuring an ensuite adorned with a double sink, double showers, and a spa bath. The kitchen, a true centerpiece, exudes splendor and functionality, with an expansive walkin pantry to cater to all your culinary needs. The six bedrooms all have builtin wardrobes. The guest bedroom is adjoining the rumpus room and has a shower and toilet next to it. The home has 9 foot ceilings and is well insulated. Data cabling has been installed throughout the home from each bedroom back to a central location in the rumpus room. It also goes into the kitchen and lounge room so you dont need to depend on those slower, less reliable wireless connections. The library is a great place to store all your books and other collections, with heaps of shelving and even space for a few filing cabinets. For the environmentally conscious, two 10,000litre water tanks provide pure rainwater for the avid gardener. The landscape is adorned with mature fruit trees, such as orange, mandarin, lemon, pear, mulberry, and macadamia, presenting a delightful array of homegrown delights. When you are not soaking it up in the spa bath, playing games and entertaining friends in the rumpus room, or working away in the shed on your latest car restoration, you can go for a bush walk around your property or watch the kids ride horses and motorbikes around the paddocks. Over 5 acres backing onto King Creek Picturesque Views Fenced Paddocks Animal Shelters and Small Dam Included 6 Bedrooms, 3 Bathrooms, 7 Car Spaces. One of the largest houses in King Creek with over 410m2 under the main roof. Separate garagecarport is 168m2 21m x 8m. Large main bedroom has ensuite with double shower, spa bath, double sink and toilet. Huge Kitchen with a Large Walkin Pantry Library for book lovers, collectors or for massive amounts of extra storage. Biggest rumpus room most people have ever seen, approx 9m x 9m. Two 10 000 litre water tanks on home. Data cabling throughout the house back to a central location in the rumpus room. Mature fruit trees around the property include orange, mandarin, lemon, pear, mulberry, macadamia and more. To enquire, please email or call 1300 815 051 and enter code 2830"
-
101%
-
-
$55,000
-$43,742
3.2%
2.7%
-12.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$2,220,000
Estimated Purchase Price
$1,945,000
Stamp Duty
$90,030
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$194,500
Reg. Mortgage
$164
LMI Premium
$54,962
Renovation Costs
-
Total Cash/Equity Required
$341,851
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,174
$1,532
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$53,044
$76,038
Interest Repayments
$115,533
$115,533
Net Cashflow Before Tax
-$62,489
-$39,495
Depreciation
-
-
Tax Offset
-$18,747
-$11,849
Net Cashflow After Tax
-$43,742
-$27,647
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$1,750,500
$1,750,500
$385,500
$2,110,880
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Accommodation and Food Services - 10.0%
Education and Training - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price