$4.85M
$818,743
"Oaks farm is adorned with Pine Oaklined driveway leading to a charming period style homestead. This captivating property features 4 spacious bedrooms, with builtin robes all but the master which boasts a spacious WIR and a recently renovated ensuite. The main bathroom complete with luxury bath and a separate W.C also recently renovated. Offering quality timber floors and expansive living areas, plus open plan kitchendiningliving room which flows seamlessly onto an outdoor entertaining area. A separate lounge complete with cosy open fire place and formal dining room for private entertaining. The property features 13 paddocks each a secure haven for your equine or agistment needs. Ten timber lined horse shelters offer protection and comfort. Includes 11.2 x 7.2m approx. shed housing two stables. Town water flows through the property and an automatic watering system stands ready to serve. Large dam is also an added feature. Oaks Farm is more than just a property its a thriving sanctuary for horses, a testament to equine expertise and is currently being run as a successful horse agistment for both thoroughbred and Standardbreds. While Oaks Farm offers a tranquil escape, youre never far from civilization. Gisbornes vibrant shops and amenities are a mere 4 kilometres away, with local primary schooling, Barringo CafBistro, and the train station only 800m away, plus proposed sight for New Gisborne Town Centre only 400m STCA. For city dwellers, Melbourne is within an hours drive, making this property your perfect escape and your canvas for future growth and potential. Situated at the foothills of the Macedon Ranges and 20 minutes from Tab Cor Harness racing track, 40 minutes to Flemington racetrack makes this an ideal training, agistment andor spelling property. Contact our invested team today ID required upon inspection."
Below are some similar properties in the area you may be interested in.
-
85.7%
$1.39M
2.6%
-$3,535,000
-$174,943
0.5%
0.4%
-20.2%
6.0%
Asking Price
$4,850,000
Estimated Purchase Price
$4,485,000
Stamp Duty
$271,525
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$448,500
Reg. Mortgage
$129
LMI Premium
$140,337
Renovation Costs
-
Total Cash/Equity Required
$865,853
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
$1,843
$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
$16,490
$24,076
Interest Repayments
$266,409
$266,409
Net Cashflow Before Tax
-$249,919
-$242,333
Depreciation
-
-
Tax Offset
-$74,976
-$72,700
Net Cashflow After Tax
-$174,943
-$169,633
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$4,036,500
$4,036,500
-$3,021,900
-$2,202,345
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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price