$395K
$79,128
"Please note There are no inspections being scheduled at this property until after 15th January 2024. Escape to the country in style by securing this most sought after and wellpresented property. Ideally situated on just under one acre of land with two titles and overlooking the grassy creek flats leading down to Cochranes Creek. This property combines leisure and lifestyle effortlessly by offering a well maintained threebedroom brick home that features a generous open plan kitchen and loungeliving that has both solid fuel heating and split system heating and cooling. The kitchen presents beautifully with loads of storage, electric cooking and dishwasher. Theres three bedrooms, two with builtin robes, and twopiece bathroom with separate toilet. The home is light, bright and airy with large windows and a single garage under the roofline with remote roller door that has direct entry into the home, also offering plenty of additional possibilities and loads of space for the extra fridgefreezer. Wide verandahs both front and rear of the home provide excellent protected outdoor living areas with uninterrupted vistas across Cochranes Creek to the north. You will enjoy your morning coffee in this unsurpassed environment daily. To the south is the serene and historic Bealiba Catholic Church and grounds. The home has both town and tank water in abundance connected, a new hot water service and septic sewer. Catering to all needs and desires, we find excellent shedding two great sheds, 4m x 6m with power and concrete floor, and 7m x 6m with high doubledoor access. We also find a couple of great chook sheds or possible bird aviary. This complete and most desirable package is located in the historic town of Bealiba a former gold town, offering a post office store open 7 days that caters to daily needs with papers, mail and associated services, bread, milk etc. Primary school, an active CWA Bealiba branch and much more. Seek and you shall find vibrant if you choose or as quiet as you desire. VLine bus service twice a day and secondary school bus five days a week. NBN broadband is also available by fixed wireless. Youre only 25 minutes to St Arnaud, 30 minutes to both Avoca and Maryborough, approximately 55 minutes to Bendigo CBD and Dunolly is 1215 minutes away with all services available. This is truly an escape to the country opportunity for those seeking to embrace a country lifestyle with a good home and great shedding in a quiet hamlet. Contact the local agent Lois De Jong on 0413 175 087 for more information."
-
89%
-
-
-$175,000
+
14.7%
12.4%
25.7%
6.0%
Asking Price
$395,000
Estimated Purchase Price
$425,000
Stamp Duty
$20,570
Transfer Fee
$1,100
Conveyancing
$1,196
Deposit (10%)
$42,500
Reg. Mortgage
$129
LMI Premium
$9,395
Renovation Costs
-
Total Cash/Equity Required
$75,440
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
$1,419
$1,851
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
$52,911
$75,864
Interest Repayments
$25,245
$25,245
Net Cashflow Before Tax
$27,666
$50,619
Depreciation
-
-
Tax Offset
$8,300
$15,186
Net Cashflow After Tax
$19,366
$35,434
Assumptions
Year 1
Year 10
Property Value
6.8%
$267,000
$482,672
Loan Balance
I.O
$382,500
$382,500
-$115,500
$100,172
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Manufacturing - 13.0%
Education and Training - 9.0%
Others - 47.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price