$1.25M
$261,347
"Set on approximately 20 acres, this delightful mudbrick home offers a rare opportunity to step into a peaceful pocket of Woodend. Featuring a blend of rustic elements, the house is ideal for those looking to add their own touch while enjoying the beauty of nature right at their doorstep. Inside, youll find two cosy bedrooms and a functional bathroom, with the homes design centred around an expansive kitchendining space and a warm sunken living area, complete with a fireplaceperfect for those chilly evenings. The space feels light and airy, thanks to large windows, stone walls, and raked ceilings that frame picturesque views of the gardens, the dam, and beyond. The home also features an enclosed sunroom to soak in the scenery all year round. Outside, the property boasts a wellmaintained greenhouse and three additional shedworkshop spaces, offering ample storage or room for hobbies. The expansive gardens have a natural charm that blends beautifully with the gently undulating landscape, making the most of this generous plot. This home is packed with potentiala blank canvas ready to be transformed. Its the perfect entry into this highly soughtafter area of Woodend, whether youre looking to renovate, expand, or simply enjoy the serenity of country living, 623 Ashbourne Road is sure to offer endless possibilities."
-
91.7%
-
-
-$145,000
-$43,374
1.9%
1.3%
-17.0%
6.0%
Asking Price
$1,250,000
Estimated Purchase Price
$1,345,000
Stamp Duty
$73,975
Transfer Fee
$3,253
Conveyancing
$1,196
Deposit (10%)
$134,500
Reg. Mortgage
$129
LMI Premium
$42,086
Renovation Costs
-
Total Cash/Equity Required
$255,688
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$17,930
$26,126
Interest Repayments
$79,893
$79,893
Net Cashflow Before Tax
-$61,963
-$53,767
Depreciation
-
-
Tax Offset
-$18,589
-$16,130
Net Cashflow After Tax
-$43,374
-$37,637
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,281,600
$2,316,828
Loan Balance
I.O
$1,210,500
$1,210,500
$71,100
$1,106,328
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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