$1.5M
$283,983
"Nestled within Victorias beautiful scenery, near the famous Hanging Rock and strolling distance to the Newham General Store and Newham Primary School, lies this charming Cape CodHamptonsstyle home. Crafted in 2002 by the renowned Neil Macleod also relish the landscaped and established 8,083sqm approx. grounds. This twostorey, 4bedroom, 3 bathroom home exudes timeless architecture and smart design. Walk into the welcoming foyer leading to a bright lounge offering stunning garden views. Cosy up by the wood fire during colder months with its beautiful charcoal surround and marble hearth. And dont miss the stunning large deck extending northward for entertaining and the blissful every day. Beyond the foyer, a formal dining room seamlessly connects with the kitchen and meals area, perfect for gatherings. The countrystyle kitchen boasts rattan insert cupboards, Tassie Oak benchtops, a 4burner gas cooktop and an underbench electric oven. Downstairs, a spacious and private bedroom awaits, accompanied by a bathroom and a laundrymud room. This guest room features its own entrance and a small deck overlooking the enchanting garden, ideal for friends and family seeking a peaceful retreat. Upstairs, discover the master bedroom with builtin robes and an alcove, perfect for reading or as a study nook. The ensuite offers two pedestal basins, a shower and a WC. Two equally delightful bedrooms with builtin robes, an alcove in one, and a skylight in the other, share the stately main bathroom with a pedestal basin and a clawfoot bath. Need more space An adaptable bonus area upstairs serves as a teenagers retreat, hobby space, or your personal creative haven, accessible via pulldown ladder. Comfort is ensured with a split system in the kitchenfamily area and panel heaters in the bedrooms. Outside, the gardens, featuring established Europeans, lush lawns, and a dam with a gazebo, resemble a picturesque park. Plus, a rideon mower will be included in the sale, simplifying maintenance of the expansive grounds. Alongside a double garage with a concrete floor and power, a convenient carport adjoins the residence. Notably, three water tanks with a combined capacity of 50,000 litres offer ample water storage. This special address is just a tenminute drive from Woodend with more amenities and vline train services to Melbourne and Bendigo. Surrounded by the captivating allure of Hanging Rock, this property doesnt just offer a home but a complete lifestyle. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
-
87.6%
$994K
3.7%
-$225,000
-$35,309
3.0%
2.5%
-12.8%
6.0%
Asking Price
$1,450,000
Estimated Purchase Price
$1,450,000
Stamp Duty
$79,750
Transfer Fee
$3,499
Conveyancing
$1,196
Deposit (10%)
$145,000
Reg. Mortgage
$129
LMI Premium
$45,371
Renovation Costs
-
Total Cash/Equity Required
$275,494
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
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
$35,689
$51,402
Interest Repayments
$86,130
$86,130
Net Cashflow Before Tax
-$50,441
-$34,728
Depreciation
-
-
Tax Offset
-$15,132
-$10,419
Net Cashflow After Tax
-$35,309
-$24,310
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,308,300
$2,365,095
Loan Balance
I.O
$1,305,000
$1,305,000
$3,300
$1,060,095
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
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