$895K
$167,864
"Tucked away from the street on a serene 1acre plot, this timberclad beauty offers an unparalleled escape, adjoining both the Wombat State Forest and the Mineral Springs Reserve. Whether youre seeking a permanent home, private weekender, or holiday rental, this stylish doublestorey residence is your answer. Looking into the treetops, this spacious home is bathed in natural light through its floortoceiling windows. The openplan living area with a central open fire for cosy nights at home, flows seamlessly to an elevated balcony, ideal for entertaining or relaxing as you watch native wildlife pass by. The wellequipped kitchen, featuring a central island and ample storage, ensures cooking will be a delight. The upper level includes two bright bedrooms, a family bathroom and a separate laundry with external access. Descend the spiral staircase to a separate, selfcontained space on the lower level complete with a cozy living area, wood heater, queensized bedroom, ensuite and private deck. This floor is perfect for a parents retreat, guests, extended family, or even a large home office. Outside, beautiful gardens await. Wander the meandering pathways and a discover delightful waterfall feature garden that attracts local birdlife. Take a walk further along the paths and discover all of the beauty the surrounding forest landscape offers. This lowmaintenance sanctuary allows you to immerse yourself in nature while still being close to the regions many amenities. 3bed, 2bath doublestorey home on 1 acre Open fireplace in lounge, wood combustion heater downstairs Extra heating and cooling options include 2 split systems and a gas heater Spacious openplan living with floortoceiling windows Elevated balcony looking out on the treetops, ideal for entertaining Lowerlevel master suite with private deck Established landscaped gardens with waterfall feature 4.6kW solar Adjoins Wombat State Forest Mineral Springs Reserve Walking distance to Hepburn Bathhouse, cafes, galleries, and more."
-
44.8%
$580K
4.2%
-$895,000
-$40,596
-
-
-24.2%
-
Asking Price
$895,000
Estimated Purchase Price
$895,000
Stamp Duty
$48,770
Transfer Fee
$2,200
Conveyancing
$1,196
Deposit (10%)
$89,500
Reg. Mortgage
$129
LMI Premium
$25,520
Renovation Costs
-
Total Cash/Equity Required
$167,864
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,831
-$6,303
Interest Repayments
$53,163
$53,163
Net Cashflow Before Tax
-$57,994
-$59,466
Depreciation
-
-
Tax Offset
-$17,398
-$17,840
Net Cashflow After Tax
-$40,596
-$41,626
Assumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$805,500
$805,500
-$805,500
-$805,500
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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
Average Days of Supply