$1.98M
$423,218
"Nestled amidst the picturesque landscapes of Gisborne South, this enchanting property presents a rare opportunity to embrace the best of country living with modern comforts. With breathtaking city views, beautifully established gardens, and unmatched privacy, 58 Lock Road invites you to experience a tranquil lifestyle that feels worlds away yet within easy reach of Melbourne. Step inside this lightfilled residence and discover four spacious bedrooms, including a master suite with a private ensuite, dressing room, and ample wardrobe space. Designed with comfort and convenience in mind, this home is perfect for families looking for both space and style. The heart of the home is the expansive openplan kitchen, meals, and family area a central hub where everyday living comes to life. The wellappointed kitchen is a cooks delight, featuring modern appliances, a gas cooktop, dishwasher, plus generous storage, making it ideal for both casual dining and entertaining. Looking for additional flexibility This property offers a separate entry that could serve as a teenagers retreat or a selfcontained living spaceperfect for extended family or even rental income. Property Highlights Gas central heating, reverse cycle cooling, and ceiling fans Energyefficient electric hot water and gas cooktop Two dams with an electric pump perfect for garden irrigation Spacious machinery shed approx. 9x19 meters with power supply Ample water storage with approximately 279,000 litres capacity Enjoy the charm of true country living with a full wraparound verandah, providing the perfect vantage point to soak in the panoramic views and enjoy the fresh, open air. Positioned on the Melbourne side of Gisborne and with easy access to the Calder Freeway, this soughtafter location offers convenience without compromising on lifestyle. Local Amenities Include Within close proximity to Gisborne Primary Secondary College. Just a short drive to Gisborne Village Shopping Centre, offering a variety of retail and dining options, medical centres, and sporting facilities. Explore the Macedon Ranges with its hiking, cycling, and horseriding trails. Golf enthusiasts will love the nearby Gisborne Golf Club. Dont miss out on this unique chance to secure a piece of Gisborne Souths serene countryside, complete with a spacious family home and versatile living spaces. Contact us today to schedule a viewing and unlock the endless possibilities that await at 58 Lock Road. ID required upon inspection."
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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
-
95.6%
-
-
-$545,000
-$74,461
1.5%
1.2%
-17.6%
6.0%
Asking Price
$1,980,000
Estimated Purchase Price
$2,230,000
Stamp Duty
$124,950
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$223,000
Reg. Mortgage
$129
LMI Premium
$69,778
Renovation Costs
-
Total Cash/Equity Required
$423,218
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
$132,462
$132,462
Net Cashflow Before Tax
-$106,373
-$94,723
Depreciation
-
-
Tax Offset
-$31,912
-$28,417
Net Cashflow After Tax
-$74,461
-$66,306
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,799,580
$3,253,212
Loan Balance
I.O
$2,007,000
$2,007,000
-$207,420
$1,246,212
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