$560K
$114,425
"This great weatherboard home offers the perfect blend of country living and modern conveniences, set on 10 picturesque acres 4.06 hectares in the historical town of Clunes. Ideal for those seeking a peaceful hobby farm or country retreat, this property provides an abundance of features and amenities, including expansive shedding, four separate paddocks, up to 3 separate living spaces, and picturesque views. The main house with new spouting includes two bedrooms with builtin robes, a recently renovated bathroom with a brandnew shower and toilet. It features a wellappointed galley kitchen with plenty of cupboard space, a dishwasher, electric oven, and cooktop. Timber flooring throughout, the lounge has a cozy wood heater for those chilly nights, plus a splitsystem air conditioner for yearround comfort. Large bungalow, with shower, toilet, kitchenette, and 1 or 2 bedrooms offering versatile space for guests, a home office, or rental potential. A second large space perfect for another living quarters or studio. Large machinery shed with power, concrete flooring, and a workbench. Also, three stables, a tack room, holding pen, undercover parking as well as a foxproof chook house. Dont miss the chance to make this versatile and charming property your own Creswicks BestSelling Team"
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86.7%
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-$40,000
-$14,843
3.5%
2.5%
-13.0%
6.0%
Asking Price
$560,000
Estimated Purchase Price
$615,000
Stamp Duty
$31,970
Transfer Fee
$1,545
Conveyancing
$1,196
Deposit (10%)
$61,500
Reg. Mortgage
$129
LMI Premium
$17,536
Renovation Costs
-
Total Cash/Equity Required
$114,425
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$15,327
$22,388
Interest Repayments
$36,531
$36,531
Net Cashflow Before Tax
-$21,204
-$14,143
Depreciation
-
-
Tax Offset
-$6,361
-$4,243
Net Cashflow After Tax
-$14,843
-$9,900
Assumptions
Year 1
Year 10
Property Value
6.8%
$614,100
$1,110,147
Loan Balance
I.O
$553,500
$553,500
$60,600
$556,647
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
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price