Withheld
$32,195
Confidence
High
High
$550,000
Medium
$499,000
Low
$450,000
Confidence
High
"Glenrock Gardens, an iconic Australian country garden, is set in the high country of New England just north of the historic town of Tenterfield, NSW, Australia. The property needs very little introduction, as it has regularly featured in episodes of Australias Better Homes and Gardens television series, as well as in several feature articles in books and magazines in Australia and overseas. In 2006, the property won the Peoples Award for the Best Country Garden in Australia. This property has become a major tourist attraction in the Northern NSW region. To say this property is unique is an understatement. There is nothing that competes anywhere to this aesthetically stunning property So, what makes this property so unique Is it the 10 acres of cleverly constructed gardens, established 30 years ago Is it the recently rebuilt stunning Federation style home 2019 with wrap around verandahs, which is the heart of the property and has irreplaceable views of the garden Is it the enchanting recently constructed Barn, with its commercial kitchen, which has hosted some very memorable weddings Or is it the AirBNB, Summer Cottage, which offers peace and quiet and has beautiful views over water and the surrounding gardens. For me personally, it has to be the nursery, where you can select a plant you like in the garden and purchase a potted version to take home or if currently unavailable, place a future order. This magnificent 58.3 Hectares 144 acre landholding has been lovingly cared for by the current and previous owners for the past 30 years. The English style gardens were created by wellknown garden designer, Carolyn Robinson. No matter how many times you visit, you will always spot something new or different, according to the different seasons. Stunning visual displays include exotic flowers and deciduous trees intermingling with classic Australian bush flora and fauna, drystone walls and terraces, beautiful views over lakes and secret garden rooms, containing unique planting sequences. The garden has been open to the public many times through the Australian Open Gardens scheme, attracting more than 1000 visitors per day. The current owners renovated the original cottage, built in 1892, creating one of Tenterfields finest Federation style homes and maintaining its former charm by retaining all the original floorboards and fireplaces. The photos and videos are truly spectacular. Lets take a closer look at whats on offer at Glenrock Gardens The fully renovated Federation house has 3 bedrooms and 2 bathrooms an open plan lounge room and dining room with high raked ceilings, skylights etc and large windows and French doors, providing plenty of natural light a spectacular new Chefs kitchen with a gasfired Aga, which is perfect for entertaining with access to both the dining area and verandahs wrap around verandahs and a twocar garage. Federation style features include a claw foot bath pressed metal ceilings intricate lighting options, including tasteful chandeliers Federation period wallpaper a drawingsitting room an attic and original floorboards and fireplaces. There are three separate businesses on the property an Air BB, which has a very high occupancy and very good returns a retail nursery selling many of the plants grown in the garden or The Barn, currently used for wedding receptions, conferences and community events with one of the largest commercial kitchens in the Tenterfield district. The Barn has potential for the development of a cafrestaurant with abundant seating. Income is also generated from charging entry fees to the gardens on Open Garden days, which occur 16 times a year. There is a designated parking area with night lighting for over 100 cars. The property is fully fenced and has a secure water supply including pumping rights to Tenterfield Creek a bore a number of concrete water storage tanks and a few dams. There is a 4 to 5 bay machinery shed with plenty of storage for garden equipment and tools tractor and rideon mowers. Wildlife is abundant from Eastern Grey Kangaroos, Wallaroos and Rednecked Wallabies to sugar gliders, echidnas and even your own platypus. The current owners also keep chickens and guineafowl and have a large orchard and room for growing vegetables, a cutting garden or even a vineyard. Mail service to the property is on Monday, Wednesday and Friday and there is a school bus on Washpool Creek Rd. Glenrock is situated 6 km north of historic Tenterfield, a cool climate town on the Great Dividing Range, 850 metres above sea level a 5 minute drive to the Tenterfield Golf Course a 15 minute drive to the Queensland border a 45 minute drive to Stanthorpe, with its gourmet produce and great wineries a 2.5 hour drive to the Northern NSW coast a 3 hour drive to Tamworth and 3.5 hours drive to Brisbane and the Gold Coast. Whether you are looking to buy the ultimate family estate for private use or a thriving business opportunity, you will never find another opportunity like this again Capitalise on all the great work the owners have already done to develop this wonderful property. You will be glad you made the move Qualified inspections by private appointment only."
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81%
$500K
4.6%
$10,000
-$9,739
4.2%
3.1%
-12.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$490,000
Stamp Duty
$16,785
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$49,000
Reg. Mortgage
$164
LMI Premium
$9,782
Renovation Costs
-
Total Cash/Equity Required
$77,927
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$628
$819
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
$15,193
$22,100
Interest Repayments
$29,106
$29,106
Net Cashflow Before Tax
-$13,913
-$7,006
Depreciation
-
-
Tax Offset
-$4,174
-$2,102
Net Cashflow After Tax
-$9,739
-$4,904
Assumptions
Year 1
Year 10
Property Value
6.8%
$534,000
$965,345
Loan Balance
I.O
$441,000
$441,000
$93,000
$524,345
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 26.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Accommodation and Food Services - 7.0%
Others - 45.0%
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