$2M
$368,757
"Mathiesons Road is a wonderful place to live, quiet yet central. The property faces north overlooking the Mitchell RiverJones Bay, Bairnsdale and the hills beyond. It is midway between Paynesville and Bairnsdale. Properties on the north side rarely become available for purchase. The house was designed and built to take full advantage of the north facing aspect. Built in 2010 with no limit on costs and by a craftsman builder who focused on millimetre precision. This included purpose made bricks, exquisite detail on the joinery, architect designed LED lighting, double glazed windows, high square set ceilings add the luxury touch throughout the house. The shed better described as an industrial building with a heavy duty fully galvanised frame is enormous, offering a huge storage area and plenty of space for everyone in the family to pursue their interestshobbies. The house has three large bedrooms each with an individually styled ensuite, air con and ceiling fan. The living area takes full advantage of the northerly aspect, nighttime temperatures rarely fall below 17 degrees internally. The house is thermally efficient, a small freestanding fireplace heats the house through the coldest of winters and the reverse cycle airconditioning is a backup. The yard is irrigated by a bountiful bore and there is a 45000 litre tank collecting rainwater from the shed roof. This is available for garden use and toilets in the house. The garden is low maintenance in design and features local native plants and beautiful lawn areas. The house was designed with a minimalist approach. Clean lines, interesting angles and provision for plenty of space in all areas of the home. It is very comfortable to live in, providing more than adequate space for every occupant. The downstairs room could be converted into a granny flat, an area for teenagers to relax or divided into two bedrooms with plenty of space left for a kitchenette. The stylish carport provides plenty of cover for cars and easy access to the front door. The entrance to the property is subtle and the whole approach has been to understate what lies beyond the road reserve. This is not an ostentatious property but rather offers very comfortable living in a surprise package that lies largely out of sight from the road. The emphasis has been on a high quality build from the structure of the slab to the heavier than normal gauge colour bond steel roofing. We invite you to arrange an inspection of this beautiful home."
Below are some similar properties in the area you may be interested in.
-
95%
$710K
3.2%
-$195,000
-$62,756
2.3%
1.9%
-15.1%
6.0%
Asking Price
$2,250,000
Estimated Purchase Price
$2,195,000
Stamp Duty
$122,675
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$219,500
Reg. Mortgage
$129
LMI Premium
$68,682
Renovation Costs
-
Total Cash/Equity Required
$416,348
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$49,400
$70,312
Property Management
+7.7% PA
$3,804
$5,414
Rates
+3.0% PA
$1,599
$2,086
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
$40,732
$58,551
Interest Repayments
$130,383
$130,383
Net Cashflow Before Tax
-$89,651
-$71,832
Depreciation
-
-
Tax Offset
-$26,895
-$21,550
Net Cashflow After Tax
-$62,756
-$50,282
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$1,975,500
$1,975,500
$160,500
$1,885,880
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Accommodation and Food Services - 9.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 54.0%
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