$2.65M
$504,679
"This beautiful 188 acres creates a wonderful opportunity to secure a superb piece of the highly sought after Newham countryside. The house currently sits, protected from the wind, to the side of the block of land. The two living spaces, the first a large, north facing, open plan space, with a fantastic midcentury feel. The kitchen is very neat with ample bench space and all warmed with the solid fuel heater. The second more formal living area is a peaceful area to enjoy the surroundings. The three bedrooms are all queen sized and the Jack and Jill bathroom suits family living. The farm infrastructure includes shedding, multiple paddocks, three dams, a bore and tank water with the benefit of three road frontages and very easy access to the Calder Freeway. A straight 3 minute drive delivers you to the heart of Newham featuring the ever popular General Store, Primary School and the iconic Hanging Rock Winery to name a few. With several potential house sites on offer with staggering views of Hanging Rock and Mount Macedon, this opportunity is ideal for anyone seeking self sufficiency and a country lifestyle all within an hours rail or road commute to Melbourne and minutes from the vibrant regional towns of Woodend and Kyneton."
Below are some similar properties in the area you may be interested in.
-
87.6%
$994K
3.7%
-$795,000
-$99,633
1.1%
0.8%
-18.6%
6.0%
Asking Price
$2,795,000
Estimated Purchase Price
$2,795,000
Stamp Duty
$161,675
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$279,500
Reg. Mortgage
$129
LMI Premium
$87,457
Renovation Costs
-
Total Cash/Equity Required
$534,122
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
$1,843
$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
$23,690
$34,323
Interest Repayments
$166,023
$166,023
Net Cashflow Before Tax
-$142,333
-$131,700
Depreciation
-
-
Tax Offset
-$42,700
-$39,510
Net Cashflow After Tax
-$99,633
-$92,190
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$2,515,500
$2,515,500
-$379,500
$1,345,880
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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price