$880K
$185,975
"Experience rural tranquillity at its finest in this private and secluded property offering an exciting development opportunity. Nestled on approximately 7.5 acres of land, youll find an original, solid brick veneer country homestead with wraparound verandah, surrounded by picturesque natural beauty and for the past 24 years, this cherished property has been well cared for by its current family. Inside the home is a warm, relaxed and welcoming atmosphere, with neutral decor throughout, it easily lends itself to add your own sense of style. Delight in four bedrooms, two bathrooms, and two living areas, each offering serene views of the surrounding treed landscape and gardens. The large, wellappointed timber kitchen adjoins the openplan mealsfamily space and the lounge room including an adjacent dining room, offers a wood heater and split system airconditioning. Outside, discover two huge sheds equipped with electricity, a large storage container, and a vast freshwater tank, plus a bore with two pumps ensures ample water supply for both the house and paddocks, all complemented by an extensive garden watering system. The layered garden of natives, shrubs and trees, roses and fruit trees are healthy and wellmaintained. Additional features include a separate vegetable garden and a charming treetop childrens playhouse, plus the convenience of a drivethrough carport with further storage and undercover access to the home. An approved 3lot plan of subdivision allows for future income if you decide to take that path. Whether you envision a selfsustaining hobby farm, equestrian paradise, or simply a beautiful, peaceful retreat, this property caters to all lifestyle aspirations. Beyond the property, indulge in the pristine waters of Seasprays Ninety Mile Beach and enjoy the convenience of the amenities in Sale, just a short drive away. With everything youve ever desired right at your fingertips, seize this opportunity to turn your dreams into reality. Disclaimer Prospective purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. For a Due Diligence Checklist go to httpwww.consumer.vic.gov.auduediligenc"
Below are some similar properties in the area you may be interested in.
-
95.4%
-
-
-$370,000
-$29,853
2.3%
1.6%
-16.1%
6.0%
Asking Price
$880,000
Estimated Purchase Price
$990,000
Stamp Duty
$54,450
Transfer Fee
$2,422
Conveyancing
$1,196
Deposit (10%)
$99,000
Reg. Mortgage
$129
LMI Premium
$28,229
Renovation Costs
-
Total Cash/Equity Required
$185,975
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,880
$32,565
Property Management
+7.7% PA
$1,762
$2,508
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
$16,158
$23,586
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$42,648
-$35,220
Depreciation
-
-
Tax Offset
-$12,794
-$10,566
Net Cashflow After Tax
-$29,853
-$24,654
Assumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$891,000
$891,000
-$228,840
$306,028
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
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