$595K
$124,922
"Located just eight minutes from the historic township of Trentham, renowned for the highest single drop waterfall in Victoria, acclaimed bakeries, pubs, and cafes, lies this breathtaking 4.5acre parcel of rich, fertile residential land, waiting for your forever home STCA. Land zoned for rural living in Hepburn Shire is rare, especially so close to Trentham and Daylesford. Accessed via a quiet road laneway, the property is framed by majestic mature eucalyptus trees and other native plants. The block is elevated, fully cleared and fenced, featuring fertile red volcanic soils and bathed in northern sunlight. Power is available from a pole near the front gates if needed. The vendor is also offering a land capability assessment as part of the contract, which includes multiple building envelopes, soil tests, and bushfire ratings, making the planning process easier. The property is nestled on the edge of the Goldfields township of Lyonville, boasting a vibrant and friendly community, highlighted by the renowned Radio Springs Hotel, offering live music, great food, and cozy fires all weekend. Enjoy the Domino Trail for cycling and walking through the beautiful Wombat State Forest to Trentham. Lyonville Springs is across the road, the Artful Meadow Nursery and Fleur de Lyonville for wildflowers in just minutes away. The Wombat Forest is on your doorstep, teeming with wildlife including the rare black cockatoo, powerful owl, wombats, echidnas, and wallabies, along with an abundance of flora and fauna to explore. Whether youre a hiker, biker, or nature enthusiast, the area has something for everyone. Trentham and Daylesford offer excellent schools, modern medical facilities, festivals, entertainment, and all the conveniences you could need within minutes of the property. Whether youre seeking a tree change, a small farming venture, a weekend retreat, or a BB business, this property offers unparalleled value in the heart of one of Victorias premium tourist destinations, making this land a great investment at a very reasonable price."
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86.3%
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$145,000
-$14,874
3.7%
2.6%
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Asking Price
$595,000
Estimated Purchase Price
$640,000
Stamp Duty
$33,470
Transfer Fee
$1,603
Conveyancing
$1,196
Deposit (10%)
$64,000
Reg. Mortgage
$129
LMI Premium
$18,249
Renovation Costs
-
Total Cash/Equity Required
$119,197
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,767
$24,438
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$21,249
-$13,578
Depreciation
-
-
Tax Offset
-$6,375
-$4,074
Net Cashflow After Tax
-$14,874
-$9,505
Assumptions
Year 1
Year 10
Property Value
6.8%
$838,380
$1,515,592
Loan Balance
I.O
$576,000
$576,000
$262,380
$939,592
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