$2.75M
$579,269
"A charming 4 bedroom 2 bathroom character home with wood and rock features is accessed via its crafted entrance gates and sits proudly at the end of its long driveway offering views that are rare, cherished and breathtakingly beautiful. With a lovely mix of open land, native forest and landscaped gardens, marvellous shedding workshop, 4 or 5 traditional stables and a wash down facility, a round yard plus a huge storage shed and an expansive dam set within a huge grassy paddock, the property is set up for a range of potential buyers. Inside the home which is double glazed and double storied every care has been presented by the owners to take advantage of the spectacular eastern views and also the private and serene views towards the western end of the property. Extensive elevated spotted gum decking offers uninterrupted views of the city skyline, Port Phillip Bay and Mt Aitken at the rear. With abundant bird life and native fauna your companions, your vantage points are set up for entertainment purposes or for quiet contemplation. At night, the distant city lights twinkle complementing the breathtaking view of stars overhead. Inside, ceiling and floor insulation are typical complements to the familyfriendly home. The open plan living space is lightfilled from the large double glazed windows and the Blackbutt flooring adds a touch of sophistication. Two indoor woodfire heaters plus 3 split system air conditioners provide yearround enjoyment no matter what the season. The high quality timber kitchen is a delightful hub providing easy access to the cosy and lightfilled formal dining and lounge areas, seamlessly extending out to the welcoming decks. The master bedroom features a delightful ensuite and a carefully designed WIR. The three additional bedrooms have BIRs and large windows providing unique perspectives of the property. The large family bathroom, recently renovated, features a freestanding bath, adding a touch of luxury to the space. The piece de resistance lies downstairs. A huge breakout room with arched windows, cedar ceilings and a romantic fireplace. This room offers a sense of privacy and its expansive long view is a true eyeopener an escape, a library, a studio, a music room, a lounge room the choice is yours. Through its eastern door, access to the under cover al fresco and fire pit provides that long eastern view echoing the more spectacular one from upstairs. Additional features include abundant water supply, a pump on the dam, good general fencing, a carefullydesigned veggie garden, a uv, micro and caltrate filter system for home consumption, a Bosch electric heat pump water heater, 3 Noirot wall heaters, a topoftherange Taylex sewerage system plus extensive bird and wildlife in the lovely forest section of the property. Easy access to the Calder freeway places Melbourne within a 45minute drive. In effect, the property combines country tranquillity with city convenience. This is in a class of its own, so please come and inspect."
Below are some similar properties in the area you may be interested in.
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91.2%
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-$1,270,000
-$82,768
2.3%
1.9%
-14.6%
6.0%
Asking Price
$2,750,000
Estimated Purchase Price
$2,955,000
Stamp Duty
$172,075
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$295,500
Reg. Mortgage
$129
LMI Premium
$92,463
Renovation Costs
-
Total Cash/Equity Required
$565,529
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$67,600
$96,216
Property Management
+7.7% PA
$5,205
$7,409
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
$57,287
$82,142
Interest Repayments
$175,527
$175,527
Net Cashflow Before Tax
-$118,240
-$93,385
Depreciation
-
-
Tax Offset
-$35,472
-$28,015
Net Cashflow After Tax
-$82,768
-$65,369
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,799,580
$3,253,212
Loan Balance
I.O
$2,659,500
$2,659,500
-$859,920
$593,712
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price