$730K
$150,687
"Nestled in the heart of Lyonville and just 65 minutes from Melbourne, this rustic cabin is set on a 1,011 m2 approx block. This 2level property is filled with natural light, affords panoramic views and benefits from fresh country air emanating from the nearby Wombat Forest. The open plan living and entertaining space includes a timberlined cathedral ceiling, a large kitchen complete with stainless steel appliances. The home features 2 bedrooms on the upper level, and includes a large study area, a family bathroom with a separate shower and bath with overhead shower, plus a laundry. Surrounded on three sides by decking, a large, covered deck area off the main living room accessed by two large sliding doors makes for an expanded entertainment space. The lower level includes an underneath garage with a workshop area, plus studio and storage space. There are also several storage and work areas. A covered deck area to the rear completes this country home hideaway. A short walk to the local amenities such as the historic Radio Springs Hotel and the nearby walking trail along the old DaylesfordCarlsruhe railway line where you can enjoy the native bush scenery. This modern country retreat offers contemporary living in a vibrant regional community."
Below are some similar properties in the area you may be interested in.
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86.3%
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-$55,000
-$19,223
3.3%
2.4%
-13.1%
6.0%
Asking Price
$730,000
Estimated Purchase Price
$785,000
Stamp Duty
$42,170
Transfer Fee
$1,943
Conveyancing
$1,196
Deposit (10%)
$78,500
Reg. Mortgage
$129
LMI Premium
$22,383
Renovation Costs
-
Total Cash/Equity Required
$146,870
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
$46,629
$46,629
Net Cashflow Before Tax
-$27,462
-$18,776
Depreciation
-
-
Tax Offset
-$8,239
-$5,633
Net Cashflow After Tax
-$19,223
-$13,143
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$706,500
$706,500
$73,140
$702,904
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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