$2.1M
$449,717
"Nestled amidst the serene beauty of the Macedon Ranges lies a property that embodies the essence of rural living combined with modern comfort. Welcome to 200 Millett Road, Gisborne South, where 4.19 hectares of picturesque landscape await to offer you the ultimate lifestyle experience. As you approach the property, you are greeted by the expansive greenery that surrounds the house, setting the tone for the tranquillity that awaits within. The residence itself boasts four bedrooms and two bathrooms, providing ample space for both relaxation and entertainment. Ascending to the second level, the master suite stands as a testament to luxury living. Complete with a balcony overlooking the sprawling grounds, an ensuite bathroom, and a walkin robe, this sanctuary offers a private haven away from the hustle and bustle of everyday life. Adjacent to the master suite is a studyretreat area, perfect for quiet contemplation or catching up on work. The heart of the home lies in its modern kitchen, equipped with all the amenities a chef could desire. A butlers pantry ensures ample storage space, while the adjoining mealsfamily room, with its sliding door leading to a paved private courtyard, beckons you to enjoy leisurely meals in the fresh air. For more formal occasions, a separate loungedining area awaits, warmed by an elegant wood heater that exudes a cozy ambiance on chilly evenings. Comfort is paramount in this abode, with electric heat panels in all bedrooms, evaporative cooling, and doubleglazed windows ensuring yearround comfort regardless of the weather outside. Moreover, the property boasts a 9kilowatt solar system, offering energy efficiency and cost savings. Entertainment options abound with a 12m x 4m heated swimming pool, perfect for lazy summer days, and a pool house that invites guests to gather and enjoy the outdoors. Parking is never an issue, with a double carport and a double integrated garage providing ample space for vehicles and storage. The propertys offerings extend beyond the main residence, with a machinery shed providing additional storage space. Divided into four paddocks, the land is wellsuited for those with equestrian interests or those simply seeking space and privacy. A bore and tank water supply ensure that the gardens remain lush and vibrant, while a picturesque dam adds to the propertys rural charm. Situated in Gisborne South, the property offers easy access to amenities such as the local pony club and the Calder Freeway, ensuring convenience without sacrificing the tranquillity of rural living. Furthermore, its proximity to Melbourne CBD just a 35minute drive away and Tullamarine International Airport a mere 25 minutes away make it an ideal retreat for those seeking a peaceful lifestyle without being too far from the city. Contact our team today ID Required upon inspection."
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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
-
95.6%
-
-
-$680,000
-$75,035
1.8%
1.4%
-16.7%
6.0%
Asking Price
$2,100,000
Estimated Purchase Price
$2,365,000
Stamp Duty
$133,725
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$236,500
Reg. Mortgage
$129
LMI Premium
$74,002
Renovation Costs
-
Total Cash/Equity Required
$449,717
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
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
$33,289
$47,986
Interest Repayments
$140,481
$140,481
Net Cashflow Before Tax
-$107,192
-$92,495
Depreciation
-
-
Tax Offset
-$32,158
-$27,749
Net Cashflow After Tax
-$75,035
-$64,747
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,799,580
$3,253,212
Loan Balance
I.O
$2,128,500
$2,128,500
-$328,920
$1,124,712
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