$2M
$426,162
"Retaining the original granitestone and brick countrystyle home, this expansive property set on approx. 5 acres on Two Titles, featuring 2 dams has undergone a stunning 300 square meter extension, plus the 100 square meters of the Original home also 200 square meters of outdoor entertainer area. This 2storey upscale transformation was built by local Messina builders. Designed to fuse traditional and contemporary design, the floor layout includes a massive 6 bedrooms, 7 bathrooms and 3 living zones Primed for a large family to enjoy as a permanent home or country escape, or for hosting large groups to profit from the booming shortstay rental market. Capturing panoramic views across lush green lawns and over 100 newlyplanted trees to the Wombat forest beyond, the property spreads over 2 titles with potential scope to subdivide STCA. Featuring modern skylights, interior bluestone and red brick accents, expressed joint timber architraves and terrazzo flooring The natural earthy palette flows through to the sizeable livingdiningfamily room opening out to a covered verandah and giant merbau deck for blissful lounging about in the sunshine or hosting classact events and gatherings. The wellappointed kitchen features Caesar stone bench tops, highend appliances, a 900mm wide gas cooktop and a butlers pantry with servery out to the deck. Adjacent is the games room with a secondary deck, adding flexibility for entertaining or as a separate kids play zone. The raft of features include Established landscape gardens and trees watered by water tanks with pump Wraparound front verandah with patterned brickwork paving Upstairs via a mezzanine space to 5 ensuited bedrooms all with BIRs Master bedroom suite downstairs with large bathroom and WIR, and outdoor deck access A downstairs bathroom with European laundry Play equipment zone outside Heating includes a clean heat pellet wood heater, and reverse ac in living spaces and bedrooms 4 kW solar system with gassolar hot water unit Bottled gas supply A loft study for loads of storage Open carport plus garage and work sheds. Ample water supply from 3 x 31L tanks Feel secure with outside security camera and floodlighting Perfectly situated in Lyonville within a tightknit locale, very close distance to the myriad of attractions on offer is Daylesford the states premier country retreat and lifestyle towns is right on your doorstep and Trenthams fastest growing country towns. This upscale property offers not just a communal retreat, but an immersive lifestyle experience. Walking distance to dine at the eccentric Radio Springs Hotel and ready access to the wombat state forest and surrounded scenic walking and riding trails for nature activities beckoning families and friends to embrace rural living at its finest."
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86.3%
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-$250,000
-$56,620
2.8%
2.4%
-13.3%
6.0%
Asking Price
$1,999,000
Estimated Purchase Price
$2,250,000
Stamp Duty
$126,250
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$225,000
Reg. Mortgage
$129
LMI Premium
$70,403
Renovation Costs
-
Total Cash/Equity Required
$427,144
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
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
$52,764
$75,673
Interest Repayments
$133,650
$133,650
Net Cashflow Before Tax
-$80,886
-$57,977
Depreciation
-
-
Tax Offset
-$24,266
-$17,393
Net Cashflow After Tax
-$56,620
-$40,584
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$2,025,000
$2,025,000
$111,000
$1,836,380
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