$1.1M
$185,975
"Peaceful Wandella Park equestrian estate boasts a generous 8.29acre approx. landholding in one of the most soughtafter areas in the Macedon Ranges. Ensconced by a beautiful green setting in the quiet end of town, the property offers a threebedroom cottage with front and rear verandas, with kitchen, dining, and lounge areas overlooking the lovely garden with its lush lawns, mature trees, rustic fountain, and trellised arbour. Infrastructure is abundant for all things equine, featuring 12 fenced, electrified paddocks, 5stall stables, 7 walkinwalkout boxes off the paddocks, 2 pony boxes, a round yard, and a wash bay. Additionally, 20 solar panels, bore and tank water, a chicken run, and a large storage shed encourage independent and sustainable living. With breathtaking trails at Wombat State Forest and Macedon Regional Park and riding clubs only a short drive away including Kyneton and Riddells Creek, the ample setting and premium location are exemplary for horse enthusiasts. Lifestyle is everything in this area, renowned for its awardwinning wineries, diverse eateries, and bountiful natural attractions. Whether its the magnificent Trentham Falls or legendary Hanging Rock, or the quaint markets of Daylesford and Castlemaine, the Macedon Ranges offers style and convenience with premium countryside living. Proximity to the Woodend township makes accessibility to schools, cafes, restaurants, and amenities all too easy, with excellent access to the Calder Freeway to nearby towns and Melbourne city. The rarity of such a holding in such a desirable location cannot be overstated."
Below are some similar properties in the area you may be interested in.
-
74.4%
$1.27M
2.5%
$250,000
-$29,189
2.5%
1.9%
-15.2%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,020,000
Stamp Duty
$56,100
Transfer Fee
$2,493
Conveyancing
$1,196
Deposit (10%)
$102,000
Reg. Mortgage
$129
LMI Premium
$29,084
Renovation Costs
-
Total Cash/Equity Required
$191,551
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
$1,843
$2,405
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
$18,890
$27,492
Interest Repayments
$60,588
$60,588
Net Cashflow Before Tax
-$41,698
-$33,096
Depreciation
-
-
Tax Offset
-$12,509
-$9,929
Net Cashflow After Tax
-$29,189
-$23,167
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,356,360
$2,451,976
Loan Balance
I.O
$918,000
$918,000
$438,360
$1,533,976
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 - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price