$1.28M
$242,484
"The Phone Code for this property is 37213. Please quote this number when phoning or texting. Beautiful period home with substantial land and shedding in the heart of the Pyrenees Wine Region. This elegant 100 year old Californian Bungalow style, solid brick home sits on 1.75 acres 7063 m2 on 2 allotments making up a complete corner block only a few minutes walk from the township of Avoca in Central Victoria. The home has been carefully renovated to retain and enhance many original features such as ornate ceilings, unique Australian cornices, red cedar skirting boards, doors double hung sash windows lead light glass. It comprises of 3 substantial sized bedrooms 1 doubling as as an officestudybedroom area, a generous renovated period style bathroom, a well appointed kitchen with quality appliances, island bar and an adjoining dining room. An extensive underground cellar offers a stable temperature for wine storage with custom built racking shelving. Accessed under cover from the home is a tastefully renovated, comfortable, air conditioned, fully self contained 1 bedroom bungalowgranny flatrental unit. Joining both house bungalow is an expansive covered area for outdoor living entertaining. Home heating and cooling is well addressed with a combination of enclosed Coonarra style and open wood burning fires and 3 reverse cycle air conditioners. Water heating is by 2 recently installed electric heat pumps connected separately to the home and the bungalow. A 6.5 kw solar system, LED lighting and insulation throughout reduces power bills. Spacious low maintenance gardens surround the home. Mixed variety plantings create sheltered shady garden areas in summer which attract numerous species of native birds. Gardens are watered by a simple drip system and 60,000 litres of rainwater storage is collected from shed roofing. Outside there are well placed taps, power points automated security lights with a zoned security system in the home and sheds. The extensive shedding consists of 3 separate, lockable areas under one roof line. 1 Approx 13 x 10 meter workshop has sliding door entry, drive through exit, overhead rolling gantry is wired with 3 phase power. 2 Approx 20 x 6 meter storage shed which incorporates a 6.5 x 5.5 meter 20 plus pallet cool room both fitted with top quality pallet racking. 3 Approx 10 x 7 meter double car garage with remote controlled roller doors. The property is accessed via 4 meter wide electric, remote controlled gates and a 150 mm reinforced concrete driveway designed for heavy vehicles. Additional shedding includes a 6 x 3 meter wood storage shed with roller door separate enclosed WC and a 5 x 3 meter garden shed with roller swinging access doors and a 1.5 meter wide verandah. This quality property offers tranquil, private and comfortable country living within the township of Avoca. It boasts views over majestic river red gums along the Avoca River and the local golf course in the east and views to the Pyrenees Ranges in the west. Endless opportunities possibilities with this amount of land in this locality. The shedding with 3 phase power may offer relocating trades people a base or maybe huge storage for a collector or car enthusiast. The large cool room cellar may suit someone involved in wineswine making or food manufacturingstorage. The self contained bungalow offers great rental income while doubling as accommodation for friends family. There is high demand for accommodation in this popular wine growing area due to regular winery run events the famous Avoca Race meetings. Subdivision is encouraged by local Council and several allotments could be achieved STCA The property is being offered as a comprehensive package with many chattels included in the purchase price if required by the purchaser. These may include some period furniture, a late model ride on mower, around 10 tonnes of prime split firewood, pallet racking, assorted 3 phase engineering equipment, shelving benches. Viewings by appointment we look forward to genuine inquiries. Disclaimer Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner forsalebyowner.com.au Pty Ltd cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
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83.2%
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-$41,964
2.1%
1.6%
-16.1%
6.0%
Asking Price
$1,375,000
Estimated Purchase Price
$1,375,000
Stamp Duty
$75,625
Transfer Fee
$3,323
Conveyancing
$1,196
Deposit (10%)
$137,500
Reg. Mortgage
$129
LMI Premium
$43,024
Renovation Costs
-
Total Cash/Equity Required
$261,347
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,407
$1,836
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
$21,726
$31,476
Interest Repayments
$81,675
$81,675
Net Cashflow Before Tax
-$59,949
-$50,199
Depreciation
-
-
Tax Offset
-$17,985
-$15,060
Net Cashflow After Tax
-$41,964
-$35,139
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,468,500
$2,654,699
Loan Balance
I.O
$1,237,500
$1,237,500
$231,000
$1,417,199
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 28.0%
Public Administration and Safety - 14.0%
Manufacturing - 8.0%
Health Care and Social Assistance - 8.0%
Others - 42.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price