$2.2M
$374,346
"In arguably the most elite position for the Yarra Valley, walking distance to some of the best vineyards such as Levantine Hill, Soumah, Rochford yet a short drive to either Lilydale, Coldstream or Healesville. This property is one to see. Greeted with a private entrance lined with established conifer trees setting the path for the property, positioned on a breaktaking 40 acres approx. Built on the top of the hill, the house captures views at every turn over Mount Toolebewong the beautiful Valley ranges. This adorable weatherboard threebedroom residence consists of a combined kitchen, meals and living area with electric cooktop, wall oven, range hood, generous pantry space and bench tops flowing through to the open meals zone and generous lounge space with a central fireplace all overlooking the vineyards of Coldstream Hills Levantine Hill. The main bedroom with a walkin robe and ensuite consisting of a large shower, vanity with generous bench space and toilet. Another two spacious bedrooms with double builtinrobes are serviced by the main bathroom with shower, toilet and generous vanity with storage space. A wrap around verandah is the perfect space to enjoy a coffee or a wine also accompanied with a spa positioned perfectly for the sunsets. The home has previously been used as a successful air B B Heaven on Earth. Positioned so close to our incredible vineyards including Rochford Estate. Further inclusions on the main residence include laundry with generous bench space, double linen cupboards, a generous 5kw solar system with NNE orientation consisting of 21 panels and a 5Kw solar edge inverter, and split system heatingcooling. The spectacular grounds for every family to enjoy with established gardens, double carport attached to the house single carport with sealed walls for additional trailercaravan storage. Heading down to the shed, it is the prime set up for the equine enthusiast or man cave, set up with power, water, stables, tack room, tie ups, concrete base shed and three water tanks totalling circa 90,000L supplying the water to all the paddocks via pump float switches. The property also holds a sand based horse track which was once used for trotters. With multiple paddocks with shelters, great fencing, three generous dams, 8.0 megalitres of water rights. The property has a stand alone system incorporating a 22Kva Generator with a 150L Diesel tank supply including a 125A Automatic Transfer Switch. At the base of the property there is an additional shed which has been utilised for machinery over the years, equipped with a small kitchenette and bathroom with additional zone to relax."
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76.7%
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-$680,000
-$72,601
1.7%
1.4%
-16.9%
6.0%
Asking Price
$2,450,000
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
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,907
$2,488
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
$30,825
$44,487
Interest Repayments
$134,541
$134,541
Net Cashflow Before Tax
-$103,716
-$90,054
Depreciation
-
-
Tax Offset
-$31,115
-$27,016
Net Cashflow After Tax
-$72,601
-$63,038
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,692,780
$3,060,144
Loan Balance
I.O
$2,038,500
$2,038,500
-$345,720
$1,021,644
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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