$1.1M
$206,419
"Sited on an elevated parcel of approximately one acre within the esteemed dress circle of Hepburn Springs, this charismatic Victorian residence commands attention. Located high above the Mineral Springs Reserve and Hepburn Bathhouse, and constructed in the early 1900s, the property has been in the possession of the same family for five decades, contributing significantly to the rich tapestry of Hepburn Springs history. Boasting convenient, level access, this dwelling stands out as one of the last remaining, relatively untouched heritage homes in Hepburn Springs. Featuring original Baltic timber linings and high ceilings restored and enhanced by the present owners, the house seamlessly blends historical charm with modern comforts. Modifications have been thoughtfully incorporated, offering potential for further development, pending Council approval. The land slopes to the east, ensuring a remarkable degree of privacy. Low Density Residential Zone Schedule 1 LDRZ LDRZ1 Charming timber residence with electricity, town water, and sewerage connections 3 bedrooms, 1 bathroom, living room, kitchenmeals area, sunroom, enclosed rear porch, and bathroom Expansive decks to the south and east, complemented by an open fireplace, split system heatingair conditioning, and electric hot water system The adjoining oneacre vacant allotment is also available at 5 Lone Pine Ave, Hepburn Springs. For additional details, please contact Rae Corris at 0408 358 772. Private viewings are available by appointment or as advertised."
Below are some similar properties in the area you may be interested in.
-
82.1%
$580K
4.2%
-$425,000
-$34,001
2.1%
1.5%
-16.5%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,100,000
Stamp Duty
$60,500
Transfer Fee
$2,680
Conveyancing
$1,196
Deposit (10%)
$110,000
Reg. Mortgage
$129
LMI Premium
$31,365
Renovation Costs
-
Total Cash/Equity Required
$206,419
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,566
$2,043
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
$16,767
$24,438
Interest Repayments
$65,340
$65,340
Net Cashflow Before Tax
-$48,573
-$40,902
Depreciation
-
-
Tax Offset
-$14,572
-$12,271
Net Cashflow After Tax
-$34,001
-$28,632
Assumptions
Year 1
Year 10
Property Value
6.8%
$720,900
$1,303,216
Loan Balance
I.O
$990,000
$990,000
-$269,100
$313,216
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply