$1.15M
$246,257
"This very special property, of just over 4 acres, once a nursery, is filled with the most extraordinary array of native and exotic trees truly an arboretum. Upon entering the private 4 acre property known as Springbank, you will be impressed at the beautiful array of mature native and exotic trees and ferns complimented throughout by underplantings of bulbs and perennials and sweeping grass areas that gives the property a feeling of privacy. Sealed access from the main road leads to a big parking area and the well maintained brick home. Inside the home there are three living areas all of which are flooded with natural light and windows that enable views to the garden and bird life. Centrally located within the house is an open lounge area with a solid wood fuel heating and split system that ensures year round comfort. The formal dining room features a sliding glass door to the front garden. The well equipped kitchen boasts electrical appliances and a separate meals area. The covered sunroom adjacent to the kitchen meals area is ideal for alfresco diningentertaining. The accommodation consists of three bedrooms the main with ensuite and walk in robe , along with a family bathroom. Outside the home there are two sheds both with power and concrete flooring. The shed nearby the house has water and toilet facilities making it an ideal hobby space or studio. The larger shed is enclosed at one end with a roller door and the remaining portion is open fronted providing car parking and storage. Water and toilet facilities are connected to this shed as well. Springbanks water is ample with 50,000 litres of rainwater storage for house use, whilst a reliable bore with electric pump services the garden. Located in the Central Highlands of Victoria between the towns of Trentham and Daylesford, a region renowned for natural beauty, tourist destinations and fine dining. The headwaters of the Coliban River form a boundary at the rear of the property. The combination of Springbanks location, potential uses and unique private features create this rare real estatelifestyle opportunity. 4.2 acres Ample tank water Bore water Shed 18 x 6 m approx 2nd shed 6 x 3.5 m approx Sunroom Coliban River frontage"
Below are some similar properties in the area you may be interested in.
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86.3%
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-$85,000
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2.7%
2.1%
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Asking Price
$1,150,000
Estimated Purchase Price
$1,235,000
Stamp Duty
$67,925
Transfer Fee
$2,996
Conveyancing
$1,196
Deposit (10%)
$123,500
Reg. Mortgage
$129
LMI Premium
$38,644
Renovation Costs
-
Total Cash/Equity Required
$234,939
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$26,366
$38,100
Interest Repayments
$73,359
$73,359
Net Cashflow Before Tax
-$46,993
-$35,259
Depreciation
-
-
Tax Offset
-$14,098
-$10,578
Net Cashflow After Tax
-$32,895
-$24,681
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,111,500
$1,111,500
$116,700
$1,108,793
Did you know you need to engage a conveyancer when buying a property?
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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