$985K
$203,632
"Set on approx. 23 acres of lush farmland, this is a property with many options. The home has been extended and updated to offer spaces catering to a modern lifestyle, while retaining the character of the era. Every window frames an outlook over the surrounding countryside to the waters of Corner Inlet and the mountains of the iconic Wilsons Prom. Open plan living room with wood heater and RCAC spills out onto an entertaining deck and paved patio. Spacious, light filled and well appointed kitchen with breakfast bar to dining area. Second living room with fireplace and ornate ceiling. Four generous bedrooms, two large modern bathrooms, laundry mudroom entry and utility storeroom. Well fenced paddocks surround the home with an extensive orchard and LU garageworkshop close by. Exceptional shedding, including a 3 bay machinery shed, converted disused dairy with yards race. Located down a private track with circular access and parking for multiple vehicles, boats, trucks, vans, floats etc. Secure water supply with large dam and extensive tank system. Perfect to run your own stock and be self sufficient, or live in the home and agist the acres. Ideal for horses. Quiet location only 1 minute off the highway with access to the Great Southern Rail Trail 2 mins away and boat launching into the sheltered pristine waters of Corner Inlet 6 mins. Come and discover this picturesque pocket of paradise where the grass is always greener."
Below are some similar properties in the area you may be interested in.
-
79.5%
-
-
-$85,000
-$35,497
2.3%
1.7%
-15.7%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,185,000
Stamp Duty
$65,175
Transfer Fee
$2,879
Conveyancing
$1,196
Deposit (10%)
$118,500
Reg. Mortgage
$129
LMI Premium
$37,079
Renovation Costs
-
Total Cash/Equity Required
$225,507
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$2,014
$2,628
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$19,679
$28,635
Interest Repayments
$70,389
$70,389
Net Cashflow Before Tax
-$50,710
-$41,754
Depreciation
-
-
Tax Offset
-$15,213
-$12,526
Net Cashflow After Tax
-$35,497
-$29,228
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Loan Balance
I.O
$1,066,500
$1,066,500
$108,300
$1,057,259
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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