$1.55M
$323,116
"CONTACT AGENT FOR PRIVATE INSPECTION Discover this unique 20acre parcel of virtually untouched land, located on the outskirts of the historic gold rush town of Clunes. This property is being offered for the first time in 10 years and comes with lowdensity zoning ZR1, providing a broad range of opportunities for the discerning buyer STCA. Location Highlights Clunes A vibrant town on the edge of the Pyrenees wine region, with convenient access to Ballarat, Daylesford, and Bendigo. Its also just a desirable 2hour drive from Melbourne. Community Clunes is home to a variety of owneroperated small businesses, including a newsagent with Bendigo Bank agency, green grocer, butcher, baker, supermarket, pharmacy with Australia Post, wine bars, a pub, cafes, and more. Events The town hosts the annual Booktown Festival, a monthly farmers market, a seasonal makers market, and numerous car rallies, including the famed Mad Max collectors event. Transportation Enjoy bus connections and a historic train station, along with local primary schooling and educational links to Ballarat. Property Features EcoFriendly Land The property has been pesticide and chemicalfree for the past 10 years, fostering a thriving natural ecosystem. Natural Wetland Wildlife A yearround dam has been transformed into a natural wetland ecosystem, attracting native wildlife including a resident wallaby, kangaroos, possums, native ducks, and a variety of Australian birds. A seasonal overflow dam complements the main dam. Equestrian Paddock Includes a fully fenced acre plus equestrian paddock with timber posts. creating a secure haven for your animals alongside the tranquility of the wetland dam area. Utilities Water, power, and Telstra are connected, with multiple Telstra connections available at the front boundary. An instant gas hot water system has also been newly installed. House A flatroof, 1970s craftsmanbuilt home featuring exposed Oregon beams, recently restumped with all asbestos professionally removed. The exterior is predominantly architectural cement sheet with some corrugated materials. The as is, where is property offers the chance to complete some projects and add your personal touch. The kitchen, laundry and second bathroom are at the rough in stage with some fixtures included in the sale. Road Access Views The property offers sealed road access at the front and unsealed road access at the back. Adjoining properties in the back are zoned for farming, offering beautiful views across the hillside with gorgeous Angus cattle. Growth Development Potential With real estate activity on the rise, Clunes is quickly emerging as the next Daylesford, offering you the exciting opportunity to be part of something new. This as is, where is property provides the perfect canvas to create your dream rural retreat and be part of this dynamic communitys growth. For property developers, the 20acre parcel and lowdensity zoning open up possibilities for future development or subdivision STCA and already approved Subdivisions are within immediate proximity allowing you to capitalize on the areas increasing desirability. Dont miss this chance to secure a slice of history and create your dream rural retreat in Clunes and or capitalize on currentfuture growth and return. Contact Agent to arrange a viewing and explore the endless possibilities this property has to offer."
Below are some similar properties in the area you may be interested in.
-
86.7%
-
-
-$260,000
-$59,157
1.4%
1.0%
-18.3%
6.0%
Asking Price
$1,550,000
Estimated Purchase Price
$1,705,000
Stamp Duty
$93,775
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$170,500
Reg. Mortgage
$129
LMI Premium
$53,350
Renovation Costs
-
Total Cash/Equity Required
$323,116
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
$101,277
$101,277
Net Cashflow Before Tax
-$84,510
-$76,839
Depreciation
-
-
Tax Offset
-$25,353
-$23,052
Net Cashflow After Tax
-$59,157
-$53,788
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,543,260
$2,789,847
Loan Balance
I.O
$1,534,500
$1,534,500
$8,760
$1,255,347
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
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