$4.75M
$756,601
"Presented by Brendan Mitrovski and Michael Cannon of One Agency Elite Property Group. Situated in the serene countryside of Oallen, this grand lifestyle acreage offers a truly prestigious retreat. Sprawling over 236.6 acres of picturesque land, this private countryside estate is a haven for those seeking tranquillity and luxury amidst the beauty of nature. The main residence is a masterpiece of design and craftsmanship, Designed by renowned architect Robin McInnnes and built by Master builder Sam White, Dungowan was a purpose built one of a kind residence boasting six spacious bedrooms, three with ensuites, ensuring comfort and convenience for all. The French provincialstyle kitchen is a chefs delight, featuring exquisite marble benchtops, standalone cooktop, and fully equipped chefsbutlers kitchen to suit, perfect for hosting gatherings or preparing gourmet meals. Openplan living areas provide seamless integration of indoor and outdoor spaces and create an inviting atmosphere. The lounge, kitchen and dining spaces adjoin the open outdoor entertaining area, offering a perfect setting for relaxation and entertainment. Enjoy evenings by the outdoor fireplace, in the private billiards room or take a dip in the 11metre mineral pool, surrounded by lush greenery and a picturesque rural outlook. This estate is not only an exquisite private retreat but also a selfsufficient paradise. A guest house adjoining the garage provides additional accommodation, while a private dam with a boathouse style studio offers a tranquil spot for reflection. The property also features a clay tennis court, fruit and vegetable gardens, a small vineyard, and solar underfloor hydronic heating, ensuring comfort and sustainability. With its timeless aesthetic and elegant design, Dungowan Estate is a true classic. The fully fenced paddocks provide ample space for livestock, while numerous outbuildings and shedding offer endless possibilities for storage or additional work spaces. This property is ideal for those seeking a private countryside estate or a luxurious holiday rental getaway, currently operating as a successful holiday stay, the property generates an impressive income of circa 250,000 PA. Available to view by appointment."
Below are some similar properties in the area you may be interested in.
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45.5%
-
-
-$4,840,000
-$204,407
-
-
-22.9%
-
Asking Price
$4,500,000
Estimated Purchase Price
$4,840,000
Stamp Duty
$269,280
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$484,000
Reg. Mortgage
$164
LMI Premium
$136,768
Renovation Costs
-
Total Cash/Equity Required
$892,408
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,137
$1,484
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
-$4,514
-$5,890
Interest Repayments
$287,496
$287,496
Net Cashflow Before Tax
-$292,010
-$293,386
Depreciation
-
-
Tax Offset
-$87,603
-$88,016
Net Cashflow After Tax
-$204,407
-$205,370
Assumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$4,356,000
$4,356,000
-$4,356,000
-$4,356,000
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2016 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 11.0%
Public Administration and Safety - 11.0%
Accommodation and Food Services - 8.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price