$1.05M
$197,127
"Set on the outskirts of the Korumburra township, this spectacular lifestyle property offers the best of both worlds a beautiful rural setting in a peaceful location, whilst all just moments from shops, schools, and sporting facilities. Positioned amongst a range of established native trees, the residence is beautifully presented with so much on offer for the lucky new owner to enjoy. A functional floorplan features four greatsized bedrooms with builtin robes, including an ensuite and walkin robe to the master. The main living areas are all positioned to maximise the rural aspect, plus you have lovely polished floorboards and soaring raked ceilings. Enjoy the flexibility of the formal lounge at one end, flowing through into the open plan lounge, kitchen, and dining area and easily separated with a gorgeous barn door. A fulllength veranda at the back is the perfect place to sit back and unwind. Stepping outside, the property truly feels like your own private oasis with so much to explore. At the front, there is an oversized double garage and extra offstreet parking for boats and caravans. Behind the home, you have an impressive 7.5m x 10m shed with power, a concrete floor, a wood heater, and a builtin bar. Venture down further to discover established veggie gardens and an orchard with over 25 fruit trees, ideal for those who love growing and preserving their own produce. Adding to the rural setting is a creek flowing through the property and two dams. At the rear of the block, you can truly escape and relax in the completely private camping area with your own hut, campfire area, and wood shed. The current owners have shared many happy memories around the fire with family and friends. There is also separate access to the rear from Inches Road giving you the potential to hire the space out for shortstay accommodation or an ideal site for a tiny home STCA. A lot of work has gone into creating such a magnificent lifestyle property whilst still allowing for easy maintenance with a rideon mower or you could easily run a few head of cattle or horses to keep the grass down. Your inspection is highly recommended to appreciate all that this property has to offer. Looking to buy, sell, or rent in South Gippsland Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 84349 Little Commercial Street, Korumburra. Note Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
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89.2%
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-$150,000
-$31,228
2.4%
1.7%
-15.8%
6.0%
Asking Price
$1,050,000
Estimated Purchase Price
$1,050,000
Stamp Duty
$57,750
Transfer Fee
$2,563
Conveyancing
$1,196
Deposit (10%)
$105,000
Reg. Mortgage
$129
LMI Premium
$29,939
Renovation Costs
-
Total Cash/Equity Required
$197,127
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$17,759
$25,902
Interest Repayments
$62,370
$62,370
Net Cashflow Before Tax
-$44,611
-$36,468
Depreciation
-
-
Tax Offset
-$13,383
-$10,940
Net Cashflow After Tax
-$31,228
-$25,527
Assumptions
Year 1
Year 10
Property Value
6.8%
$961,200
$1,737,621
Loan Balance
I.O
$945,000
$945,000
$16,200
$792,621
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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