$850K
$159,276
"CLOSE TO APOLLO BAY PORT CAMPBELL TWELVE APOSTLES PRINCETOWN PETERBOROUGH 10.91 ACRES OTWAYS HIDDEN GEM 4.41 HECTARES LIFESTYLE BB TOURISM INVESTMENT Nestled on 10.91 acres of pristine land, this property offers a unique blend of tranquillity and potential. With 4 acres of cleared land and the remaining area made up of native bush and a thriving plantation of approximately 1,200 blue gum trees, the surroundings provide a perfect backdrop for various activities. The centrepiece of the property is a charming cedar weatherboard home with a pinelined roof, showcasing the craftsmanship of a 30yearold build, meticulously constructed by father and son builders. The warmth of the solid wood heater permeates the 3 carpeted bedrooms, each featuring builtin robes. The openplan kitchen, dining, and living area is flooded with natural light, creating a welcoming space for family gatherings. Practical amenities include a centrally located family bathroom, a 10,000liter rainwater storage system, pressurised to the house, ensuring a sustainable water supply. An instantaneous gas hot water service, powered by gas bottles, adds modern convenience to this timeless abode. The front and rear verandas offer serene outdoor spaces to relax and enjoy the breathtaking surroundings. Strategically located, this property is only 50 minutes from the coastal charm of Apollo Bay, 30 minutes from the iconic Twelve Apostles, and a mere 20 minutes from the pristine Johanna Beach. The onecar carport provides shelter for vehicles, and a utility room with an adjoining wood storage area completes the functionality of this residence. With the added advantage of the right to harvest the blue gum trees, this property presents not just a home, but an opportunity for sustainable living and potential returns. Embrace the beauty of nature and the legacy of this craftsmanship built haven, where the possibilities are as vast as the land itself."
Below are some similar properties in the area you may be interested in.
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81.2%
$450K
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11.0%
9.6%
13.6%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$93,600
$133,222
Property Management
+7.7% PA
$7,207
$10,258
Rates
+3.0% PA
$1,811
$2,363
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
$81,317
$116,341
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
$30,827
$65,851
Depreciation
-
-
Tax Offset
$9,248
$19,755
Net Cashflow After Tax
$21,579
$46,096
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$765,000
$765,000
-$284,400
$103,810
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2021 Population
Suburbs
Manufacturing - 14.0%
Health Care and Social Assistance - 13.0%
Agriculture, Forestry and Fishing - 12.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price