$5.25M
$1,016,020
"Set among spectacular picturesque scenery, just under an hour from Melbourne, Cherokee Valley Farm is a dream come true for anyone seeking contemporary country living at its finest. Spanning 13.8ha34 acres approximately, this remarkable property welcomes you the moment you arrive. The winding driveway, flanked with lush greenery, post rail fencing and towering trees, draws you towards the luxurious country homestead that lies ahead. The homes grandeur is evident the minute you step inside. Expansive rooms and high ceilings celebrate its extraordinary scale, while the unique and captivating design is enhanced by the expert craftsmanship and seamless integration of Castlemaine stone, granite, timber and extensive glazing to capture the surrounding environment. Whether you are entertaining guests or simply relaxing at home, Cherokee Valley Farm has everything you need for an indulgent country life. Multiple living areas provide plenty of space for the whole family to gather beside woodburning fireplaces, while the modern kitchen appointed with highend appliances caters to every culinary need. When it comes to a balance of lifestyle and leisure, this home has it all. A theatre, a spectacular stone sitting room with cathedral ceiling and study, an enclosed and integrated alfresco dining area with builtin BBQ for entertaining guests, a studiohome office with separate entrance, gymnasium, clear, and enclosed pool with retractable roof and separate bathroom to ensure entertainment all year round. Living areas also feature surround sound and a sensor alarm system. In addition, Gumnut Cottage is a fullyrestored, charming, twobedroom historic cottage, perfect for overnight guests or for use as a shortstay destination investment. Set against the backdrop of Cherokees undulating landscape, the property enjoys muchenvied rich red volcanic soils, a permanent springfed creek, and a reliable droughtproof water supply. Practical features include six excellentsized paddocks for horses, running cattle or possibly viticulture, a large machinery shedstables and extensive post and rail fencing, ideal for equine enthusiasts. At Cherokee Valley Farm every detail has been carefully curated to offer an unparalleled country lifestyle, just 46 km 40 mins to Melbourne Airport and 68 km 5060 mins to the Bolte Bridge."
Below are some similar properties in the area you may be interested in.
-
81.9%
$1.41M
3.1%
-$3,250,000
-$188,273
1.0%
0.8%
-18.5%
6.0%
Asking Price
$5,250,000
Estimated Purchase Price
$5,250,000
Stamp Duty
$321,250
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$525,000
Reg. Mortgage
$129
LMI Premium
$164,275
Renovation Costs
-
Total Cash/Equity Required
$1,016,015
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$52,000
$74,012
Property Management
+7.7% PA
$4,004
$5,699
Rates
+3.0% PA
$1,843
$2,405
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
$42,888
$61,648
Interest Repayments
$311,850
$311,850
Net Cashflow Before Tax
-$268,962
-$250,202
Depreciation
-
-
Tax Offset
-$80,689
-$75,060
Net Cashflow After Tax
-$188,273
-$175,141
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,136,000
$3,861,380
Loan Balance
I.O
$4,725,000
$4,725,000
-$2,589,000
-$863,620
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply