$1.1M
$235,882
"Set on a scenic 5.9acre approx allotment with endless treetop views across the rolling hills of Belgrave, this magnificent family home invites you to embrace the tranquillity of rural life, with the ease of moving in and simply enjoying ample accommodation and harmonious family living. Cleverly designed over two spacious levels, discover three large bedrooms plus a study, and two elegant bathrooms, featuring a main bath with a corner spa and an ensuite with dual vanity and a walkin shower. A sleek kitchen outfitted with stainless steel appliances and meticulous granite benches invites culinary creativity and entertaining, complemented by two expansive living zones, a separate dining domain, laundry, and generous storage options throughout. With floorplan flexibility at front of mind, this impressive family home ensures plenty of space for everything and everyone, further enhanced by an outdoor haven of true versatility and recreation options. Covered alfresco decks and a large patio overlook an enormous rear backyard, with two fully fenced paddocks, a large machinery shed equipped with threephase power, a partly sealed driveway, abundant parking with convenient turning bay and large dam. Dual access from Belgrave Hallam Road enhances the accessibility of this idyllic retreat, where proximity to Belgrave South Primary and Belgrave Heights Christian School, as well as easy routes to Wellington Road, ensures that suburban conveniences are within easy reach. Masterfully blending countryside charm with modern family luxury, this rare and inviting opportunity will impress buyers seeking large scale living and tranquil retreat with no compromise on space, style, or accessibility to local amenity. Sure to impress and not to be missed"
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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
-
89%
-
-
-$240,000
+
20.0%
18.1%
44.8%
6.0%
Asking Price
$1,200,000
Estimated Purchase Price
$1,350,000
Stamp Duty
$74,250
Transfer Fee
$3,265
Conveyancing
$1,196
Deposit (10%)
$135,000
Reg. Mortgage
$129
LMI Premium
$42,242
Renovation Costs
-
Total Cash/Equity Required
$256,631
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$270,400
$384,864
Property Management
+7.7% PA
$20,821
$29,634
Rates
+3.0% PA
$1,907
$2,488
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
$244,407
$348,481
Interest Repayments
$80,190
$80,190
Net Cashflow Before Tax
$164,217
$268,291
Depreciation
-
-
Tax Offset
$49,265
$80,487
Net Cashflow After Tax
$114,952
$187,804
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,185,480
$2,143,066
Loan Balance
I.O
$1,215,000
$1,215,000
-$29,520
$928,066
Did you know you need to engage a conveyancer when buying a property?
Request a free contract review