$1.5M
$256,631
"Nestled in the picturesque countryside, just one hour from the bustling heart of Melbourne, lies a remarkable property that offers the perfect blend of comfort, space, and rural charm. Welcome to 590 Kennedys Lane, Chintin, where youll find a truly idyllic 4bedroom, 2bath retreat on sprawling grounds that offer more than just a home they offer a lifestyle. Offering Four generously sized bedrooms, master complete with ensuite, plus a central bathroom ensuring comfort and convenience for all residents. Additional features include Timber floors adding warmth and character to the living spaces. Gas heating keeping you cozy during the cooler months, enjoy the cozy ambiance with a wood fire Coonara for those chilly winter nights. Multiple split systems keep you cool during the warmer months, ensuring yearround comfort. A sevencar accommodation, including a double carport. A spacious machinery shed, and barn offer endless possibilities, whether you dream of a hobby farm, a workshop, or a place to store your farming equipment. A round yard offering a perfect space for equestrian activities and training. Enjoy the beauty of a seasonal creek and three dams, adding both visual appeal and practicality to your property. The property is situated in the heart of ideal grazing country, making it a perfect setting for those with an agricultural or equestrian passion. 590 Kennedys Lane, Chintin, represents an incredible opportunity to embrace the rural lifestyle youve always desired, while staying within reach of the vibrant Melbourne cityscape. This property has all the space and amenities you need to create your dream life in the countryside. Contact our team today ID required upon inspection."
Below are some similar properties in the area you may be interested in.
-
88.3%
$1.25M
2.7%
-$100,000
-$39,550
2.3%
1.8%
-15.4%
6.0%
Asking Price
$1,500,000
Estimated Purchase Price
$1,350,000
Stamp Duty
$74,250
Transfer Fee
$3,265
Conveyancing
$1,196
Deposit (10%)
$135,000
Reg. Mortgage
$129
LMI Premium
$42,242
Renovation Costs
-
Total Cash/Equity Required
$256,631
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
$80,190
$80,190
Net Cashflow Before Tax
-$56,500
-$45,867
Depreciation
-
-
Tax Offset
-$16,950
-$13,760
Net Cashflow After Tax
-$39,550
-$32,107
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$1,215,000
$1,215,000
$120,000
$1,198,362
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 Days of Supply
Sold Price
Asking Price