$1.4M
$266,063
"A Tranquil Country Retreat Under the Majestic Hanging Rock. Welcome to CamelRock Park, a serene retreat nestled on 5.2 acres approx. under the breathtaking backdrop of Hanging Rock and the striking Camels Hump in Newham. Embrace the tranquility of parkstyle gardens where the laughter of kookaburras and the vibrant chatter of parrots fills the air. Stately Manna Gums and twisted Ghost Gums are scattered across the property, while around the home, camellias, irises, and spring bulbs burst into bloom, creating a vibrant natural setting. Watch kangaroos lounge in your backyard, with the gentle trickle of Smokers Creek marking your southern boundary. This property offers endless opportunities, whether you wish to enjoy the peaceful setting as is, expand the existing home, or transform it into your dream country estate. Ideal for those looking to upsize their retirement or embrace the rural lifestyle, CamelRock Park combines practicality with natural beauty. The cosy threebedroom home boasts an openplan kitchen, lounge, and dining area, where a charming freestanding wood fire creates the heart of the home. Large timber sliding doors lead to a spacious verandah, perfect for soaking up the afternoon sun or hosting barbecues in the sheltered outdoor space. French doors from the dining room open to the east, while the central hallway connects three bedrooms, all featuring builtin robes and serviced by a recently renovated bathroom. The master bedroom basks in the morning sunshine, and a large newly upgraded 2nd bathroomlaundry is off the kitchen. Take in stunning views of the Camels Hump and Mount Macedon from every window, turning each room into a scenic retreat. The property also includes a double carport, a fully enclosed garage, and a machinery shed for all your storage needs. With a highpressure potable bore and multiple rainwater tanks servicing the home and sheds, CamelRock Park is wellequipped for sustainable living. Just 7.7km from Woodend Train Station offering an excellent and reliable VLine service, 2.9km from Newham General Store, and 3.2km from the iconic Hanging Rock Reserve and with quick access to the freeway Melbournes CBD is approximately 70kms. There are both public and private schools nearby with a bus service for pick up. This property offers country charm with easy access to local amenities. Be part of natures spectacular stage while remaining close to the action of nearby big events"
-
87.6%
$994K
3.7%
-$600,000
-$46,669
1.7%
1.2%
-17.5%
6.0%
Asking Price
$1,400,000
Estimated Purchase Price
$1,400,000
Stamp Duty
$77,000
Transfer Fee
$3,382
Conveyancing
$1,196
Deposit (10%)
$140,000
Reg. Mortgage
$129
LMI Premium
$43,807
Renovation Costs
-
Total Cash/Equity Required
$266,063
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
$1,843
$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
$16,490
$24,076
Interest Repayments
$83,160
$83,160
Net Cashflow Before Tax
-$66,670
-$59,084
Depreciation
-
-
Tax Offset
-$20,001
-$17,725
Net Cashflow After Tax
-$46,669
-$41,359
Assumptions
Year 1
Year 10
Property Value
6.8%
$854,400
$1,544,552
Loan Balance
I.O
$1,260,000
$1,260,000
-$405,600
$284,552
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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