Withheld
$132,556
"Expressions of Interest closing October 24th at 4pm Presenting an unparalleled acreage lifestyle that epitomises the very essence of luxurious country living, this extraordinary 39acre approx. property offers endless views reaching to the furthest mountain ranges, all the way to Melbournes CBD. Approached via impressive keypad front entrance gates flanked by striking Gabion fences, the estate gently ascends with the views progressing to a spectacular height. To the front of the home the landscaped grounds unfold with symmetrical precision, gathering around a beautiful fire pit area providing the perfect setting to soak in the panoramic views that stretch as far as the eye can see. Ideal for hosting large gatherings, this spectacular setting provides the perfect backdrop for glamorous photoshoots and wedding pics The homestead, a four bedroom, two bathroom character residence of timeless charm boasts wrapround bullnose verandas, with every room capturing the breathtaking views, inviting the landscape indoors through an array of leadlight and French windows and doors. Polished floorboards throughout add a touch of warmth and elegance to generous dual living and entertaining areas. At its heart, a brilliantly appointed chefs kitchen showcases stone surfaces, and premium appliances including an Ascot 900mmwide oven with a statement Copper rangehood, hovering above the island like a work of art. The home also includes ducted heating, a dualway woodfuelled fireplace, evaporative cooling, split system air conditioning. Step outside, and youll find yourself in a paradise designed for the ultimate in outdoor living. The sparkling saltchlorinated solar heating swimming pool and BBQ area beckons, while a new inground trampoline provides hours of fun for the kids. Beyond the immediate surrounds of the homestead, the propertys 39 acres approx. invite exploration with striking ancient volcanic rock formations adding geological interest. Practical considerations are not overlooked, as the property comes with excellent infrastructure suitable for a variety of rural pursuits. It includes an Americanstyle barn with 3 roller doors including 1 highclearance, a carport, extensive shedding, ample water tank supply, brand new bore water system, 6 paddocks, and a cattle yard. In a world where true luxury is defined by space, privacy, and harmony with ones surroundings, this pinnacle of rural beauty awaits, promising a life where every day feels like a retreat, and every view is a masterpiece."
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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
-
73.8%
$750K
4.3%
$10,000
-$10,028
4.9%
3.7%
-8.4%
6.0%
Asking Price
-
Estimated Purchase Price
$640,000
Stamp Duty
$33,470
Transfer Fee
$1,603
Conveyancing
$1,196
Deposit (10%)
$64,000
Reg. Mortgage
$129
LMI Premium
$18,249
Renovation Costs
-
Total Cash/Equity Required
$119,197
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,690
$34,323
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$14,326
-$3,693
Depreciation
-
-
Tax Offset
-$4,298
-$1,108
Net Cashflow After Tax
-$10,028
-$2,585
Assumptions
Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$576,000
$576,000
$118,200
$678,948
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