$2M
$377,140
"With a picturesque treelined drive leading up to the residence, this is an opportunity rarely available in this highly regarded pocket of Trentham East. Offered for the first time in over 40 years, Kippen is ready for the next generation to breathe new life into her, enhance her highlights and place their own imprimatur on her stunning 113 acres 45.8ha. The 4 bedroom home with a 3 sided verandah on the original section of the residence has a large kitchenfamilydining area, separate formal living room a central family bathroom along with high ceilings 3 open fireplaces. The land is a mix of rolling pasture blessed with rich, red volcanic soils and forested areas containing ancient gums that are home to a myriad of nesting native fauna including brown black falcons, wedge tailed eagles, white goshawks, black shoulder kites naankeen kestrels, wombats, echidnas and the occasional deer. There are 2 large spring fed dams one with a 7.5mg water licence where a couple of resident swans platypuses call the dams and surrounds their home. Along the rear boundary the Little Coliban River meanders through it, 3 spud huts and various sheds further complement the property. Kippen 575 James Lane is a touch over a kilometre from the iconic Pig Whistle hotel, 7 kms from vibrant Trentham township, 19kms from the larger towns of Kyneton Woodend where youll connect with VLine services to Melbourne or Bendigo. Less than an hour to Melbourne Airport and in about another 20 minutes and youll be in the Melbourne CBD all via the Calder Freeway."
-
95.8%
-
-
-$1,350,000
-$78,731
1.1%
0.8%
-18.9%
6.0%
Asking Price
$2,200,000
Estimated Purchase Price
$2,200,000
Stamp Duty
$123,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$220,000
Reg. Mortgage
$129
LMI Premium
$68,839
Renovation Costs
-
Total Cash/Equity Required
$417,329
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,566
$2,043
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
$18,207
$26,487
Interest Repayments
$130,680
$130,680
Net Cashflow Before Tax
-$112,473
-$104,193
Depreciation
-
-
Tax Offset
-$33,742
-$31,258
Net Cashflow After Tax
-$78,731
-$72,935
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$1,980,000
$1,980,000
-$1,072,200
-$338,914
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price