$800K
$149,733
"Much more than meets the eye 40 Acres Yamba Creek Frontage and who doesnt love looking over a creek on a quiet afternoon Yamba Homestead Dual living home with income potential completed renovated to the highest level West Wing Gourmet kitchen with dual ovens, cupboards and bench space everywhere kitchen almost 7mtrs wide 2 Bedrooms main with ensuite walk in robe Study3rd bedroom with dual access Fourth bedroomsitting roomstudy Central kitchen dining area Massive lounge room almost 7.5mtrs x 6mtrs with ceiling fans and wood heater Access to front outdoor entertainingverandah all north facing East Wing Huge lounge with direct access to front deck also provides separate front entrance Two bedrooms, main with walk in robe Combined kitchen dining area Beautiful bathroom with walk in shower Dual income potential as property has ability to have dual access for permanent living Dual shipping containers for storage with covered carport area for two vehicles Yamba Cottage Original cottage in the process of renovating Two bedrooms and bathroom Open plan kitchen and living Needs further work for completion but power, water and septic are connected More income potential and located at the front of the property away from main homestead Yamba Improvements Olympic size all weather riding arena with power nearby for lights, limited all weather arenas in the area and current owns have rented arena out before Steel round yard in its own paddock with steel shed currently housing truck and gooseneck Original 4 stand shearing shed with power connected, again has income potential for the purpose Accommodation Wedding 21st venue The workshop, steel shed with concrete floor and power adjacent shearing shed Older Hay shed again all centrally located and away from the main home Day yard with horse box located on corner of main tract and laneway for easy access for those nights when horse transport dropping of late DogAvian breeding living shed with water and power close by, multiple purpose improvement Yamba the farm Its all about lifestyle One large dam which feeds the stock troughs throughout the property and another two Front paddocks have water serviced by laneways Larger rear paddocks electrified and are accessed from the laneway system The creek paddock which runs seasonally, mature trees for winter and summer protection and the added bonus of next to the home creating a wonderful ambience Troughs and water to all paddocks Owners currently run cattle and horses, property will handle all types stock Everything has room and space for further development Location is great only 5 minutes from Violet Town, Benalla and Euroa are only 15 minutes in either direction Short distance off freeway which is great for equine pick up and drop off and creates other revenue potential streams There is so much here to see and appreciate Please also view the video on our social pages or textemail and we will forward you a copy, the aerial shows the property at it best"
Below are some similar properties in the area you may be interested in.
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92.3%
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-$325,000
-$25,049
2.7%
1.9%
-15.3%
6.0%
Asking Price
$875,000
Estimated Purchase Price
$875,000
Stamp Duty
$47,570
Transfer Fee
$2,153
Conveyancing
$1,196
Deposit (10%)
$87,500
Reg. Mortgage
$129
LMI Premium
$24,950
Renovation Costs
-
Total Cash/Equity Required
$164,047
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
$2,142
$2,795
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
$16,191
$23,686
Interest Repayments
$51,975
$51,975
Net Cashflow Before Tax
-$35,784
-$28,289
Depreciation
-
-
Tax Offset
-$10,735
-$8,487
Net Cashflow After Tax
-$25,049
-$19,802
Assumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$787,500
$787,500
-$200,100
$274,379
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply