$900K
$168,819
"Welcome to 215 Mawley Rd, Cobains Nestled on 35.88 hectares of picturesque landscape with captivating rural views to the north, this wellappointed property offers a serene rural lifestyle just a short 12minute drive from Sale CBD. Upon arrival, youll be greeted by a solid and inviting brick veneer home, boasting a thoughtfully designed openplan layout. The heart of the home features a spacious kitchen, dining, and family area adorned with a charming timber kitchen, abundant bench space, ample storage, and equipped with both a split system and wood heater for yearround comfort. An additional versatile living space awaits, perfect as a rumpus room or kids retreat. The accommodation comprises three generous bedrooms, two with builtin robes, serviced by a central, modern family bathroom complete with vanity, toilet, and shower over bath. Step outside and discover the ultimate outdoor oasis, where undulating views over the property provide a breathtaking backdrop for entertaining. Enjoy endless summer days on the huge undercover entertaining deck or take a refreshing dip in the inviting inground chlorinated pool. The property is complemented by a variety of shedding options, including a remote double garage with direct entry into the home, a bungalow ideal for a man cave, a 3.4x10.0 sqm shed, and a substantial 11.0x6.3 sqm garageworkshop, along with a 6.0x6.0 open leanto, providing ample space for storage and hobbies. The land is wellequipped with electric fencing, shelters in paddocks, and a loading race, ensuring ease of management. Water needs are covered with a stock and domestic bore, supplemented by flood irrigation, offering peace of mind for all your agricultural endeavors. Dont miss this opportunity to embrace a tranquil rural lifestyle without compromising on convenience. Arrange your inspection today and make 215 Mawley Rd your own slice of country paradise. For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist"
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84.6%
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-
$600,000
+
28.9%
26.1%
75.3%
6.0%
Asking Price
$900,000
Estimated Purchase Price
$900,000
Stamp Duty
$49,070
Transfer Fee
$2,212
Conveyancing
$1,196
Deposit (10%)
$90,000
Reg. Mortgage
$129
LMI Premium
$25,662
Renovation Costs
-
Total Cash/Equity Required
$168,819
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$260,000
$370,061
Property Management
+7.7% PA
$20,020
$28,495
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
$235,020
$335,095
Interest Repayments
$53,460
$53,460
Net Cashflow Before Tax
$181,560
$281,635
Depreciation
-
-
Tax Offset
$54,468
$84,490
Net Cashflow After Tax
$127,092
$197,144
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,602,000
$2,896,035
Loan Balance
I.O
$810,000
$810,000
$792,000
$2,086,035
Did you know you need to engage a conveyancer when buying a property?
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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
Average Days of Supply