$2.39M
$395,737
"It is so rare to present a property that has everything you need, to be on holiday in your very own home, every day Consisting of two separate, iconic dwellings for intergenerational living, short term accommodation options or a grand family estate for everyone to enjoy you will never want to leave. Taking its name from a historic swimming hole along the Coliban River, Yellabank Estate, enjoys a close affinity with water. From the sweeping views of the Malmsbury Reservoir complete with visiting pelicans and black swans, to the peaceful ambience of the propertys two dams and the dreamlike pool this natural element is elevated providing a calming and peaceful retreat. The skilfully built and beautifully designed, north facing home on approximately 41 acres, has successfully blended the feel of French countryside comforts, with European elegance, and comprises the essentials a welcoming and graceful arched hallway, 3 metre ceilings throughout with decorative cornices and skirtings, elegant light fittings and chandeliers, furniturelike kitchen cabinetry with ornate handles and the blend of soft and bold colours form the mainstay of this French inspired home. The scale of this home provides the perfect backdrop for family living offering three spacious bedrooms the luxurious master suite with updated bathroom featuring dual vanity, generous shower, heated towel rail and feature tile, is adjacent to a large walkin robe. The further two bedrooms feature built in robes and generous proportions and share a central spa like bathroom with deep bath, while a further work from home office study provides options for a 4th bedroom. This grand residence provides expansive formal and informal entertaining spaces, built around a central kitchen. The formal living room features a large bay window and wood combustion fire framed by a gorgeous European style mantle, while the kitchen has bullnose Calcutta marble benchtops and breakfast bar, Ilve 5 burner gas cooker and convection oven adjacent to a family meals area with French door access to a fulllength verandah. The informal lounge room also with wood burning combustion fire for cosy evenings leads to the impressive alfresco walled garden and courtyard. Beyond is the most impressive, fenced kitchen garden with beautiful artisan stone garden beds surrounding a fire pit and the gateway to the rose garden with up to 20 different varieties providing a riot of colourful blooms. No expense has been spared to embrace a most expansive Pool Club House with all the essentials for outdoor exercise and relaxation. From the luxurious 12 metre, solar heated pool with a rejuvenating spa, an extensive outdoor kitchen and adjacent alfresco dining area and a fullsize competition tennis court, with synthetic surface and the appropriate enclosed fencing. The Club House provides a toilet, vanity and change area, and the outdoor shower is perfect for freshening up. There is even a halfcourt basketball ring for those keen to shoot a few hoops Imagine balmy summer evenings with family and friends making memories that will last a lifetime and all perfectly positioned to take in views of the dam and reservoir. For the keen investor, this property includes a second, original dwelling which offers lots of options. Intergenerational living a steppingstone for young adult children or retirement haven for ageing parents, short term accommodation allowing a passive income or ultimate weekend getaway for extended family and friends. Built circa 1970, this groovy cottage has three bedrooms, an original open plan kitchen dining living with large Regency wood burning fire and Rinnai gas heater, separate bathroom, and laundry, together with a charming stone patio. With a separate entrance, fully fenced for pets and children, and set amongst established gardens, this is the property bonus everybody dreams of. Yellabank is resort lifestyle living at its finest, and inspection will not disappoint. Come breathe in the fresh air, quieten your mind, and spend your best days with those you love. Additional property features Established orchard with 28 fruit trees. Chicken coop Newly established swale to manage storm water runoff into home dam. Barn shed 10m x 15m with drive through roller doors. Underground power laid throughout property. 75m bore for irrigation. 4 tanks with approximately 88k litres of rainwater Parkland gardens featuring avenue of Golden Ash New 50kVA transformer to increase electrical capacity."
Below are some similar properties in the area you may be interested in.
-
85.5%
-
-
$285,000
-$65,837
2.2%
1.8%
-15.3%
6.0%
Asking Price
$2,590,000
Estimated Purchase Price
$2,265,000
Stamp Duty
$127,225
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$226,500
Reg. Mortgage
$129
LMI Premium
$70,873
Renovation Costs
-
Total Cash/Equity Required
$430,088
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$49,400
$70,312
Property Management
+7.7% PA
$3,804
$5,414
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
$40,488
$58,233
Interest Repayments
$134,541
$134,541
Net Cashflow Before Tax
-$94,053
-$76,308
Depreciation
-
-
Tax Offset
-$28,216
-$22,892
Net Cashflow After Tax
-$65,837
-$53,416
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,723,400
$4,923,259
Loan Balance
I.O
$2,038,500
$2,038,500
$684,900
$2,884,759
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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 Days of Supply
Sold Price
Asking Price