$1.15M
$218,905
"Perched above the tranquil Doctors Gully with breathtaking treetop views, this lightfilled property offers a peaceful retreat surrounded by lush greenery and the soothing sounds of nature. Set on approximately 1,264 sqm, this home blends serenity with modern convenience, situated in the highly desirable Hepburn Springs, close to mineral springs, bushwalking trails, and the local communitys vibrant offerings. As you step inside, you are welcomed by a spacious openplan living area, highlighted by expansive walls of glass that showcase stunning views over Doctors Gully. The living room, with its cozy wood fire and doubleglazed windows, exudes warmth and comfort. This area flows seamlessly into the separate dining and kitchen spaces, perfect for entertaining. The wellequipped, compact kitchen is full of light. A separate sitting area offers a quiet space to relax, while the upperlevel features two generously sized bedrooms. The main suite serves as a private sanctuary with incredible Gully views, complimented by an ensuite and builtin robes for added convenience. The newly renovated central bathroom offers a luxurious experience with a freestanding bath, wide shower, and a sauna. The lower level of the home reveals an expansive third bedroom, ideal for guests or as a personal retreat. Wine enthusiasts will appreciate the dedicated cellar, a perfect space for storing and savouring your collection. This level also provides direct access to the beautifully landscaped gardens, a true feature of the property. The tiered garden design is visually stunning yet easy to maintain with automated irrigation and ambient lighting. The outdoor entertaining spaces, including a spacious deck, alfresco area, and garden terrace, extend the living areas outdoors, offering an idyllic spot to take in the picturesque views of the Gully and the creek below. Whether hosting summer barbecues or enjoying quiet evenings under the stars, this home provides the perfect setting for both relaxation and entertaining. With its luxurious amenities, including central heating and cooling, timber floors, and meticulously maintained gardens, this property is a perfect blend of comfort and style. Located just a short stroll from Hepburn Springs renowned cafes, restaurants, and day spas, and close to nature trails and mineral springs, this home is an exceptional lifestyle opportunity, offering both tranquillity and convenience. Whether you seek a permanent residence or a weekend getaway, this property delivers on luxury, natural beauty, and convenience. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
-
36%
$825K
3.2%
-
-$34,400
2.3%
1.7%
-15.7%
6.0%
Asking Price
$1,150,000
Estimated Purchase Price
$1,150,000
Stamp Duty
$63,250
Transfer Fee
$2,797
Conveyancing
$1,196
Deposit (10%)
$115,000
Reg. Mortgage
$129
LMI Premium
$35,984
Renovation Costs
-
Total Cash/Equity Required
$218,905
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$19,167
$27,853
Interest Repayments
$68,310
$68,310
Net Cashflow Before Tax
-$49,143
-$40,457
Depreciation
-
-
Tax Offset
-$14,743
-$12,137
Net Cashflow After Tax
-$34,400
-$28,320
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,035,000
$1,035,000
$193,200
$1,185,293
Did you know you need to engage a conveyancer when buying a property?
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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