Withheld
$162,139
"Welcome to 150 Alexander Reef Road, Lockwood a rare gem that promises both history and potential. This property isnt just a piece of land, its a canvas for your dreams and a gateway to endless possibilities, with 79 acres of both agriculture and natural bush to enjoy. The historic Goldfields Mohair Farm, renowned in its day, is still reflected in the infrastructure. A verandah surrounds the former farm shop with approximately 150 square metres of floor space. Attached is the extensive high ceiling factory measuring 1160 square metres that offers potential to many business or personal ventures. Surrounding most of this is a hardstand yard for good vehicle access or parking. In addition to this there are 22m x 10m and 14m x 7m sheds plus other structures around the property including a hay shed. But its the land that truly sets this property apart. 15 meticulously fenced paddocks, each with piped water and shelter sheds. Add to this the two large dams plus an additional DSE site licence and you have a property ready to support a thriving agricultural venture or your own private paradise. The residence is a 1975 brick veneer home that is in need of a makeover. It comprises four good sized bedrooms with builtin robes, a single bathroom and an open plan living and dining area. Whether youre a renovator looking for your next project or someone seeking a tranquil retreat for a weekender, this will suit either purpose. Situated on a sealed road and just a short drive from Bendigo, this property offers the perfect balance of seclusion and convenience. The echoes of the gold rush era combined with the legacy of the Mohair Farm make this a truly unique offering. Dont just buy a property, invest in a piece of Lockwoods history. This is a standout opportunity that you must inspect to fully appreciate. Opportunities like this are rare, so act quickly to secure this extraordinary slice of Victoria."
Below are some similar properties in the area you may be interested in.
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87.3%
-
-
$15,000
-$20,971
3.3%
2.5%
-12.9%
6.0%
Asking Price
-
Estimated Purchase Price
$865,000
Stamp Duty
$46,970
Transfer Fee
$2,130
Conveyancing
$1,196
Deposit (10%)
$86,500
Reg. Mortgage
$129
LMI Premium
$24,664
Renovation Costs
-
Total Cash/Equity Required
$162,139
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
$1,710
$2,231
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
$21,423
$31,081
Interest Repayments
$51,381
$51,381
Net Cashflow Before Tax
-$29,958
-$20,300
Depreciation
-
-
Tax Offset
-$8,987
-$6,090
Net Cashflow After Tax
-$20,971
-$14,210
Assumptions
Year 1
Year 10
Property Value
6.8%
$939,840
$1,699,007
Loan Balance
I.O
$778,500
$778,500
$161,340
$920,507
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
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