$1.7M
$337,087
"VIEW THE VIDEO Gazing over the paddocks and parkland along the onekilometre frontage to Boyd Creek and its picturesque natural stage, this brick veneer home offers a world of possibilities on an expansive 40Acres approx. Its classic yet light interior and the gentle taper of its terrain provide the ideal foundations for modern enchantments. This presents a unique chance for the future custodians to inherit this cherished property from its current owners, who have meticulously maintained and expanded it over the past four decades. A true escape from the hustle and bustle, creating an idyllic haven with mature landscaped gardens adding an exquisite touch. The residence is designed with modern living in mind, the spacious living areas seamlessly unite, with a wellequipped kitchen and a cosy livingdining area with an open fire place for relaxed evenings. Your master bedroom, located in its own zone of the home, serves as a true retreat. It features a walkinrobe, ensuite, and access to the pergola area where you can enjoy morning coffee while soaking in the peaceful atmosphere while listening to birds singing. Four additional generously sized bedrooms, including a standalone airconditioned room, currently being used as a home gym. Additional features of the property include Functional kitchen with European appliances European doubleglazed windows and doors Wood heaters and air conditioning unit in living areas Modern laundry with outside access Southeast facing deck area Large pergola and outside entertainment area Two car lock up garage with electric roller doors Abundant water supply. Rainwater storage 117,000L while creek water is pumped to 45,000L concrete storage tank with gravity feed to toilets, stock and garden 15m x 7.5m Main Machinery shed and workshop with power Lockable and concreted floor 18m x 9m Machinery Shed Gravel floor with sixmetrewide entry 5 x Paddocks with gravity fed concrete water troughs Cattle yards, crush and loading ramp Fully fenced with all fences electrified Native wildlife includes birds, wallabies, wombats, echidnas, lizards, platypus and the occasional kangaroo Located in the Macedon Ranges Shire, near Darraweit Guim, between Wallan and Romsey, close to Primary School 1km Secondary School 11km and the Hume highway and with Melbourne Airport just 40kms away. For additional details, reach out to the TCC team DISCLAIMER All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please see the below link for an uptodate copy of the Due Diligence Check List httpwww.consumer.vic.gov.auduediligencechecklist."
-
90.4%
-
-
-$1,005,000
-$60,964
1.7%
1.3%
-17.3%
6.0%
Asking Price
$1,800,000
Estimated Purchase Price
$1,865,000
Stamp Duty
$102,575
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$186,500
Reg. Mortgage
$129
LMI Premium
$58,357
Renovation Costs
-
Total Cash/Equity Required
$352,922
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,690
$34,323
Interest Repayments
$110,781
$110,781
Net Cashflow Before Tax
-$87,091
-$76,458
Depreciation
-
-
Tax Offset
-$26,127
-$22,937
Net Cashflow After Tax
-$60,964
-$53,520
Assumptions
Year 1
Year 10
Property Value
6.8%
$918,480
$1,660,393
Loan Balance
I.O
$1,678,500
$1,678,500
-$760,020
-$18,107
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
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