$1.63M
$309,144
"Out here in the Country, we do things a little slower Take life in this delightful threebedroom family home for sale set in a magnificent twentyfive acres just down the road from the quaint country residential hamlet of Newham, for instance. The lawns in the home paddock will take you a whole hour to mow on your rideon, the drive from Melbourne will take just under an hour, the paddocks will take your horses and sheep several weeks to level off a bit quicker if you have cows and itll take you at least seven minutes to get to Coles But, on the upside, every second youre at home you and your family will be enveloped in the peace our country lifestyle will give to your soul every hour youll be mesmerised by the everchanging views of the Iconic Hanging Rock, Mount Macedons Camels Hump, the endless sky above, and the truly magnificent views from the verdant paddocks every day youll delight in the prolific birdlife the established garden enjoys and every year will bring untold pleasures as you, and Penny Lane savour the seasons. Sounds like a great balance to us Features include 2.7m ceilings, Miele appliances, a twelvepanel solar system, solid fuel heater in the spacious lounge, heaps of kitchen storage, main bedroom ensuite bathroom, great internet reception owner reports 80 mbps download speed and a northfacing kitchen. Extensive infrastructure including a triple bay hayshed and wood storage, domestic shedding, electronic canine control around the home paddock, hardwired automatic entrance gates, cattle yards, five hotwired paddocks, bore supplying water to all paddocks, two dayyards and four horse shelters supports this enchanting and unmissable country lifestyle opportunity. Everything youll need for a perfect Country Lifestyle"
-
87.6%
$994K
3.7%
-$900,000
-$59,143
1.4%
1.0%
-18.4%
6.0%
Asking Price
$1,700,000
Estimated Purchase Price
$1,700,000
Stamp Duty
$93,500
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$170,000
Reg. Mortgage
$129
LMI Premium
$53,194
Renovation Costs
-
Total Cash/Equity Required
$322,184
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,490
$24,076
Interest Repayments
$100,980
$100,980
Net Cashflow Before Tax
-$84,490
-$76,904
Depreciation
-
-
Tax Offset
-$25,347
-$23,071
Net Cashflow After Tax
-$59,143
-$53,833
Assumptions
Year 1
Year 10
Property Value
6.8%
$854,400
$1,544,552
Loan Balance
I.O
$1,530,000
$1,530,000
-$675,600
$14,552
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