$995K
$163,093
"If you dream of a lifestyle that includes lots of outside time, fishing, swimming or boating on the Lake, riding motorbikes or horses, and generally running around in the fresh country air, then you really need to make the time to look at this approx. 7acre property It could the beginning of your familys brand new lifestyle Nestled in a picturesque setting with the waters edge of Lake Glenmaggie close by and views to the Mountain Ranges beyond, this inviting 4bedroom family home with 2 bathrooms 2 living areas will be a family haven to enjoy A beautifully renovated kitchen with gas electric cooking facilities and a large walkin pantry is sure to please. The kitchen flows into the inviting family room and takes in the views and opens out to the undercover alfresco. The family room features polished floorboards, solid fuel heater and split system air conditioner. A further separate carpeted lounge provides a great space to relax and unwind The private main bedroom is a nice size and provides a WIR and stylish ensuite. The further 3 bedrooms, each with BIRs, are serviced by a modern bathroom with bath and oversize shower Entertain under the stars in the openair entertainment area or sit and enjoy the views and local wildlife from the perfect size veranda Outdoors the property really shines being suitable for a wide range of animals including horses, chickens, alpacas and sheep etc. There is a rustic stock yard plus a dam to supply water to the land and gardens. Also deserving a mention are the garage, fruit trees and 2 large water tanks Perfectly positioned to let you feel like you are well and truly out of town, and yet you will be surprised to find you are actually just a 10 minute drive to Heyfield. For those who are seeking the ambience and serenity offered by a country lifestyle, this just may be the perfect retreat for you Contact Kerrie Ford 046 179 179"
Below are some similar properties in the area you may be interested in.
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93.1%
$390K
5.9%
-$735,000
-$33,917
1.8%
1.2%
-17.8%
6.0%
Asking Price
$1,095,000
Estimated Purchase Price
$1,015,000
Stamp Duty
$55,825
Transfer Fee
$2,481
Conveyancing
$1,196
Deposit (10%)
$101,500
Reg. Mortgage
$129
LMI Premium
$28,941
Renovation Costs
-
Total Cash/Equity Required
$190,622
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,695
$2,212
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
$11,839
$17,438
Interest Repayments
$60,291
$60,291
Net Cashflow Before Tax
-$48,452
-$42,853
Depreciation
-
-
Tax Offset
-$14,536
-$12,856
Net Cashflow After Tax
-$33,917
-$29,997
Assumptions
Year 1
Year 10
Property Value
6.8%
$299,040
$540,593
Loan Balance
I.O
$913,500
$913,500
-$614,460
-$372,907
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price