$2.1M
$397,700
"The aptly named Misty Valley is a remarkable property of 43 acres approx. that is ideal for horse enthusiasts with various income generating options available through horse training, lease back or agistment. Located in the stunning and ever popular Pipers Creek location it offers a quintessentially country home complete with a theatre room and pool which is designed for outstanding entertaining. Misty Valley is a horse lovers dream, boasting both American and English style barn housing, a 6horse walker, a 500m training track, an indoor training area and much more. The American Barn Housing is a testament to functionality and style. It features six spacious stables, each designed to provide your horses with the utmost comfort. The barn also includes two cross ties for easy handling and grooming, the tack area is thoughtfully designed to store all equipment efficiently, while the feed area ensures that your horses nutritional needs are well catered for. Additionally, the hay storage area provides ample space and easy unloading. The English Style Barn houses four spacious stables that offer plenty of room and comfort. The barn also includes an office space for an onsite or off site manager complete with coffee and other facilities. The property also features a 6horse walker, perfect for exercising your horses regularly. The 500m training track is equipped with drainage and plastic rails on both sides, ensuring safe and effective training sessions in all weather conditions. The indoor riding area is a bonus enabling year round use. It comes with four large rubberlined stables adjoined to it, providing easy access to your horses during training sessions. The undercover float parking area offers ample space for parking horse floats safely out of the weather elements. The undercover shavings area provides convenient storage for bedding materials. The property also boasts four walkin walkout boxes with post and rail yards, two walkin walkout boxes with large yards, and four grass day yards. These facilities offer flexible options for housing your horses according to their individual needs. The numerous paddocks come in various sizes and are secured with Bayco plastic and electric fencing for maximum safety. They provide plenty of grazing space for your horses in a secure environment. Finally, the property includes three dams that add to its scenic beauty while also serving practical purposes. Whether youre a professional horse breeder or an equestrian enthusiast looking for the perfect property for your beloved horses, this property offers everything you need and more."
-
67.4%
-
-
-$90,000
-$64,482
1.7%
1.3%
-17.1%
6.0%
Asking Price
$1,990,000
Estimated Purchase Price
$1,990,000
Stamp Duty
$109,450
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$199,000
Reg. Mortgage
$129
LMI Premium
$62,268
Renovation Costs
-
Total Cash/Equity Required
$376,208
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,089
$37,739
Interest Repayments
$118,206
$118,206
Net Cashflow Before Tax
-$92,117
-$80,467
Depreciation
-
-
Tax Offset
-$27,635
-$24,140
Net Cashflow After Tax
-$64,482
-$56,327
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,029,200
$3,668,311
Loan Balance
I.O
$1,791,000
$1,791,000
$238,200
$1,877,311
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
Average Days of Supply