$685K
$141,145
"Step into the serene Artisan Retreat, a picturesque country cottage tucked away in a quiet residential area close to Hepburn Springs village. From the moment you arrive, youll be captivated by its charming white picket fence and surrounding established lowmaintenance gardens. This lovingly renovated cottage has a new roof and been freshly painted throughout, seamlessly blending its original charm with modern comforts and artistic touches. The eastfacing front offers a perfect place to start your day. Inside, the openplan living room and kitchen create an inviting atmosphere centered around a cosy wood fire, ideal for relaxation and conversation. The cottage has two bedrooms plus one bedroom in the studio one bedroom features sweet highlight windows and the other has a charming bay window that bathes the room in natural light and overlooks the garden. The bright central bathroom has a vanity and luxurious deep spa bath, perfect for unwinding after a long day. A hallway with a double storage cupboard leads to a separate toilet and an undercover rear porch, which houses the convenient external laundry. Outside, the rear deck offers treetop views of the nearby bushland gully to the west, providing a peaceful retreat for entertainment and relaxation. Completing this enchanting property is a versatile separate studio equipped with split system heatingair conditioning, catering to a variety of uses including a third bedroom, home office, art or music studio, yoga or meditation space. Artisan Retreat promises not only a place to call home but a tranquil haven where historic charm meets contemporary elegance, inviting you to embrace a relaxed lifestyle in this highly soughtafter location. Currently operating as holiday accommodation though ideal for permanent living or rental investment rent assessed at 460495 per week. Inspections by appointment only. For further information please contact Rae Corris 0408 358 772 rcorrisbigginscott.com.au Land area 611 sq.m. Low Density Residential Zone Hepburn Shire Electricity, sewerage, town water, NBN, LP gas Living room has wood fire plus split system heatingairconditioning. Split systems also in each bedroom and the studio Kitchen has electricLP gas stove. Dishwasher Bathroom has deep spa bath with shower over, wide vanity with storage. Separate toilet. Euro laundry on rear undercover porch Fully lined and insulated studio. Adjoining carport Securely fenced established garden and lawns Bush walks to nearby Cobblers Gully, and an easy walk to the Hepburn Springs village shops, cafes, entertainment and therapy venues"
Below are some similar properties in the area you may be interested in.
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71%
$960K
3%
$190,000
-$17,144
3.5%
2.6%
-12.5%
6.0%
Asking Price
$685,000
Estimated Purchase Price
$735,000
Stamp Duty
$39,170
Transfer Fee
$1,826
Conveyancing
$1,196
Deposit (10%)
$73,500
Reg. Mortgage
$129
LMI Premium
$20,958
Renovation Costs
-
Total Cash/Equity Required
$137,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$19,167
$27,853
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
-$24,492
-$15,806
Depreciation
-
-
Tax Offset
-$7,348
-$4,742
Net Cashflow After Tax
-$17,144
-$11,064
Assumptions
Year 1
Year 10
Property Value
6.8%
$987,900
$1,785,888
Loan Balance
I.O
$661,500
$661,500
$326,400
$1,124,388
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price