$950K
$196,197
"Hepburn Views is a beautifully transformed miners cottage with charm, character and an idyllic garden setting ideal for weekends away, a permanent country lifestyle, or holiday rental. Its perfectly positioned for looking out across the bushland of Elevated Plains, prized for its fourbedroom spaciousness, and tucked away at the end of a country lane. Built in 1921, the interior offers two living zones, plenty of room for guests and daytoday family living, a lightfilled kitchen with views of the garden, and two bathrooms. The beauty of this home is its instantly relaxing ambience. Timberpanelled rooms, a big stonesurround fireplace and original features are paired with todays essentials, including splitsystem heating and air conditioning, a quality kitchen fitout, freestanding bath, and excellent privacy. Sit in the outdoor heated spa and admire the greenery that surrounds you, or gaze at the night sky as you enjoy a relaxing soak. No matter what the season, the landscaped garden impresses with established hedging and topiary, trees that are ablaze with colour in autumn, shady spots to lie in hammocks over summer, and plenty of deck and veranda space. Spa Avenue is an easy walk to Hepburn Bathhouse Spa, cafes and shops, making it popular with holidaymakers. Its a fiveminute drive to Daylesford, and close to the nature trails and bush reserves the region is famous for. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
1.8%
79.3%
$745K
3%
-$100,000
-$27,922
2.9%
2.2%
-13.8%
6.0%
Asking Price
$1,000,000
Estimated Purchase Price
$1,075,000
Stamp Duty
$59,125
Transfer Fee
$2,621
Conveyancing
$1,196
Deposit (10%)
$107,500
Reg. Mortgage
$129
LMI Premium
$30,652
Renovation Costs
-
Total Cash/Equity Required
$201,773
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,967
$34,685
Interest Repayments
$63,855
$63,855
Net Cashflow Before Tax
-$39,888
-$29,170
Depreciation
-
-
Tax Offset
-$11,967
-$8,751
Net Cashflow After Tax
-$27,922
-$20,419
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,041,300
$1,882,423
Loan Balance
I.O
$967,500
$967,500
$73,800
$914,923
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price