$1.85M
$329,636
"Introducing Arnold House an exquisite architectural gem located at the heart of South Gippsland on approximately 8 rolling acres, boasting sweeping views that stretch for miles. This distinguished residence showcases an unparalleled degree of exceptional craftsmanship and design. For more detailed information on this unique property visit the dedicated property website at www.115buffalo.com Arnold House boasts a stunning main entrance foyer exuding sophistication and providing a lavish entrance to the luxurious interior. At the heart of the home, the central kitchenfamily room, equipped with a walkin pantry, commands attention, seamlessly blending practicality with elegance. Explore the distinctive architectural character of Arnold House with its unique dual wings. The eastern wing boasts two sophisticated guest rooms, each complete with a private bathroom and toilet for the ultimate comfort of your guests. In addition, a compact TV lounge or study, expansive living space, and a convenient laundrykitchenette provide adaptable areas perfect for work or relaxation. The inclusion of a doublecar garage and a private entrance further elevates the practicality of this wing. The eastern sector of the property thrives as a successful Bed Breakfast, offering a lucrative opportunity for supplemental revenue. Its appeal to visitors lies in its close proximity to the renowned Wilsons Promontory National Park and the array of activities accessible in South Gippsland. In contrast, the western section features two extra bedrooms, one with an ensuite bathroom, along with a luxurious master bedroom exuding sophistication. The luxurious master suite showcases a generously sized layout, fitted wardrobes, and an opulent ensuite bathroom featuring a corner spa bath and ensured yearround comfort with the reverse cycle airconditioning system. Located in the western wing, the third dining and sitting area boasts a delightful gas log fireplace and a piano discreetly placed in the corner, offering a tranquil view of the garden and the picturesque surroundings. Acting as the focal point of the residence, the expansive openplan kitchen, dining, and living area presents stunning northfacing vistas of the adjacent farmland in the Hoddle Valley, extending to the distant Strzelecki ranges. This charming abode features both a reverse cycle system and a wood fire to elevate its warmth and comfort. The expansive kitchen highlights Caesar Stone Benchtops, sophisticated wooden cabinetry, and premium Miele appliances including a gas cooktop, electric wall oven, integrated microwave, and a walkin pantry. Delight in the stunning views while preparing meals or indulge in a moment of serenity. A striking feature of Arnold House is the glass conservatory, providing a delightful space to revel in the surroundings and marvel at the solarheated saltwater inground pool. The residence boasts doubleglazed windows for enhanced energy efficiency. Step outside and find a rear deck leading to a terraced lawn offering stunning panoramic views of the Hoddle and Strzelecki ranges. Spanning around 8 acres, the property is surrounded by beautifully manicured gardens, complete with eight paddocks and ample water storage. Equestrian lovers will find a highclearance open shed, stables, and tack rooms measuring 13.5m x 7m, as well as a 4bay lockup shed measuring 12.5m x 6.5m for storage space. Nestled strategically within a brief 10minute drive of the delightful village of Meeniyan, a mere 5 minutes from Fish Creek, and under 15 minutes from Foster, Arnold House offers a captivating blend of luxurious living and tranquil rural views. Located just a convenient twohour drive from Melbournes CBD, this property presents a unique opportunity to savor a lifestyle defined by sophistication, comfort, and breathtaking natural surroundings."
Below are some similar properties in the area you may be interested in.
-
81.9%
-
-
-$1,305,000
-$65,149
1.1%
0.7%
-19.3%
6.0%
Asking Price
$1,850,000
Estimated Purchase Price
$1,785,000
Stamp Duty
$98,175
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$178,500
Reg. Mortgage
$129
LMI Premium
$55,853
Renovation Costs
-
Total Cash/Equity Required
$338,019
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$12,959
$19,071
Interest Repayments
$106,029
$106,029
Net Cashflow Before Tax
-$93,070
-$86,958
Depreciation
-
-
Tax Offset
-$27,921
-$26,087
Net Cashflow After Tax
-$65,149
-$60,870
Assumptions
Year 1
Year 10
Property Value
6.8%
$512,640
$926,731
Loan Balance
I.O
$1,606,500
$1,606,500
-$1,093,860
-$679,769
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 Days of Supply
Sold Price
Asking Price