$1.3M
$221,735
"This former primary school, built in 1861, is in the pretty hamlet of Glenlyon, 10 minutes from Daylesford and an easy 90minute drive to Melbourne. Positioned on 4857sqm approx, the beautifully renovated school with fivemetrehigh ceilings, with an open plan kitchen, dining and living area. The kitchen comes with a 900mm gas stove and electric oven, dishwasher, bar fridge and a butlers pantry with another sink and room for laundry appliances or another fridge. The dining area has room for an eightseat dining table and the lounge has a large couch and armchair. On the other side of the bookshelves is a private readingcomputer nook. There is also a guest bathroom with a shower over the bathtub. A small bedroom, just off the living area, can accommodate a double bed but is currently another lovely reading area. The main bedroom is large with a parents retreat and room for a lounge suite and a king size bed. There is a generous walkin robe with natural light flooding in and an ensuite with shower. Outside the main house, the generous covered deck leads down long steps, and a ramp, to a gravel area and a fire pit. Further out is another gathering space, covered by a historic elm, with a table long enough to happily seat 16 family and friends under its leaves. Additional accommodation or office space is available in the two separate garden studios off to the side of the main house, both with private verandahs, bathrooms and kitchenettes, and room for beds for visiting family and friends, or desks and computers with great Wifi. There is plenty of room for parking and grassy, treed areas to wander and enjoy the country air maybe with friends or pets Just a stroll down the road one way is the Glenlyon General Store with the other leading to the Glenlyon Dam and the historic Glenlyon Reserve. In a previous life, the school, which has frontage onto the beautiful, alternating oak and elm Avenue of Federation, housed a caf with a red line, and all three buildings have operated as successful BnB rental properties. Approx. 4857m2 of land the pretty hamlet of Glenlyon Open plan kitchen, dining and living space The beautifully renovated school has fivemetrehigh ceilings All three buildings have operated as successful BnB rental properties Butlers pantry with endless storage possibilities Two separate garden studios, both with verandahs, bathrooms and kitchenettes Generous covered deck facing north perfect for entertaining Frontage onto the beautiful, alternating oak and elm Avenue of Federation A short stroll to the Glenlyon General Store, the Glenlyon Dam and the Glenlyon Reserve 10 minutes from Daylesford and an easy 90minute drive to Melbourne"
Below are some similar properties in the area you may be interested in.
-
88.1%
-
-
-$50,000
-$31,440
2.8%
2.2%
-13.8%
6.0%
Asking Price
$1,295,000
Estimated Purchase Price
$1,200,000
Stamp Duty
$66,000
Transfer Fee
$2,914
Conveyancing
$1,196
Deposit (10%)
$120,000
Reg. Mortgage
$129
LMI Premium
$37,548
Renovation Costs
-
Total Cash/Equity Required
$228,337
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
$1,566
$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
$26,366
$38,100
Interest Repayments
$71,280
$71,280
Net Cashflow Before Tax
-$44,914
-$33,180
Depreciation
-
-
Tax Offset
-$13,474
-$9,954
Net Cashflow After Tax
-$31,440
-$23,226
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,080,000
$1,080,000
$148,200
$1,140,293
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price