$255K
$40,774
Confidence
High
High
$280,000
Medium
$255,000
Low
$230,000
Confidence
Medium
"Nestled in the tranquil township of Gormanston, Tasmania, this beautifully restored fivebedroom home is a perfect blend of historic charm and modern convenience. As you approach the property, the large veranda invites you to take in the serene surroundings before stepping through the front door into an expansive hallway. The wide halls and high ceilings immediately evoke a sense of grandeur, while the reverse cycle air conditioner ensures comfort yearround. The redpainted floorboards guide you through the home, creating a warm and welcoming atmosphere. Each of the five bedrooms is generously sized, with the high ceilings characteristic of the era. The fifth bedroom, currently used as a workshop, offers the flexibility to be transformed into a cozy retreat, complete with a walkin wardrobe or a study. The heart of the home is the renovated kitchen, where updated fixtures and electric cooking meet picturesque views of the surrounding mountain ranges. The kitchen also cleverly integrates the laundry appliances under the benchtop, allowing you to stay indoors during rainy weather. Two separate living spaces offer versatile options for relaxation or entertaining, with one room featuring an additional reverse cycle air conditioner. These spaces can be opened up to create an even larger living area if desired. The bathroom, fully tiled, includes a showeroverbath setup, marrying functionality with classic style. Stepping out onto the large timber deck, youll be captivated by the breathtaking views of Mt. Lyell. Its a sight that truly must be experienced in person. The property also boasts a 6 x 6m double garage at the rear, providing secure parking, along with an additional roller door under the deck that offers space for another vehicle. For extra storage you have a garden shed, and the 25,000lt water tank is located next to this. The outdoor area has been thoughtfully designed, with a converted outhouse now serving as a storage room, and an adjacent room currently used as a music studioready to be adapted for any purpose you desire. The designated laundry space is conveniently located outside, and a small creek, Linda Creek, runs along the right side of the house, adding to the peaceful ambiance with the soothing sound of flowing water. The final icing on the cake is that there are 16 x solar panels on the property, creating an energy efficient household for anyone Whether youre seeking a permanent residence or a peaceful retreat, this historic home in Gormanston offers a unique opportunity to own a piece of Tasmanian history with all the comforts of modern living. Please call Rodney to discuss further, or to organise an inspection."
-
90%
-
-
-$5,000
-$5,231
5.4%
3.1%
-12.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$260,000
Estimated Purchase Price
$260,000
Stamp Duty
$8,335
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$26,000
Reg. Mortgage
$152
LMI Premium
$4,443
Renovation Costs
-
Total Cash/Equity Required
$41,560
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$14,040
$19,983
Property Management
+8.8% PA
$1,236
$1,759
Rates
+3.0% PA
$1,634
$2,132
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$7,970
$11,917
Interest Repayments
$15,444
$15,444
Net Cashflow Before Tax
-$7,474
-$3,527
Depreciation
-
-
Tax Offset
-$2,242
-$1,058
Net Cashflow After Tax
-$5,231
-$2,469
Assumptions
Year 1
Year 10
Property Value
6.8%
$272,340
$492,326
Loan Balance
I.O
$234,000
$234,000
$38,340
$258,326
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2021 Population
Suburbs
Mining - 34.0%
Accommodation and Food Services - 12.0%
Education and Training - 7.0%
Retail Trade - 6.0%
Others - 41.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price