Withheld
$136,373
"Elders Rural Services is delighted to present Bunjil Farm, a unique and inspiring property that offers both an amazing lifestyle opportunity and commercial potential. Bunjil Farm is privately set on 80 glorious acres of gently undulating land with established gardens and extensive infrastructure in the tightly held Shepherds Hill Road area. The homestead has an authentic country feel and exudes period charm. It boasts polished floorboards, high ornate ceilings, a traditional country kitchen with large dualfuel cooker and sunny garden views. The living room which could be an additional bedroom if desired, features an open fireplace that adds to the warmth and ambience with 34 spacious bedrooms located off the central hallway of this wonderful family home. Imagine a place where sprawling cottage gardens burst with vibrant colours, hedging offers both privacy and protection and an outdoor entertainer deck invites you to soak up the sunshine in style. Large ornamental lily ponds beckon you to find peace and tranquility by their serene waters while an orchard of approximately 50 fruit trees promises an abundance of fresh, delicious, heritage produce. The property has been designed with commercial potential in mind and currently has 2 Council approved options for BB guest accommodation making it a perfect investment opportunity. The Settlers Cottage offers a fully selfcontained 1850s dwelling with 1 bed, 1 bath and living room that gives the guest an experience of total relaxation and time to reset. The irresistible 1890s Miners Cottage is splitlevel and provides comfortable accommodation. The kitchenliving area has been retrofitted with Hempcrete walls, providing excellent thermal properties cool in Summer and warm in Winter. Large windows and a covered patio give views to the West allowing one to simply enjoy the big skies, surrounding beauty and spectacular sunsets. Accommodation comprises 1 bedroom with an adjoining bathroom and clawfoot tub to treat yourself in front of the open fire. Council Planning approvals also allow for events and workshops along with 16 campingcaravan sites. Furthermore, the property boasts comprehensive infrastructure that is ideal for agricultural or recreational pursuits. The barn features a freestanding wood fire and is equipped with power and a brick floor. There is a large machinery shed, an old milking shed bursting with character, two reliable bores, a windmill dam, stables, and cattle yards with a laneway system. Key Features Charming 34 bedroom period homestead nestled in a stunning mature garden setting. Income Potential with 2 impressive selfcontained cottages. Extensive working improvements including machinery shed, stables, barn, cattle yards with laneway system, sundry shedding. Quality fencing, subdivided into 10 paddocks with a nature belt across the middle. Ideally suited to a range of agricultural andor recreational endeavours. Idyllic country lifestyleinvestment opportunity. Abundant water with two reliable bores, windmill dam. Several water tanks supply rainwater to the main house and bore water to water troughs. On school bus route. Centrally located in popular Lauriston with easy access to Kyneton, Daylesford and Melbourne. Discover a compelling investment opportunity that offers the best of both worlds. This property is a true paradise for anyone who values nature and the great outdoors. Dont miss out on this perfect opportunity to invest in your future Inspection is strictly by appointment only. Denotes approximately."
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85.5%
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$30,000
-$8,207
4.9%
3.5%
-9.7%
6.0%
Asking Price
-
Estimated Purchase Price
$475,000
Stamp Duty
$23,570
Transfer Fee
$1,217
Conveyancing
$1,196
Deposit (10%)
$47,500
Reg. Mortgage
$129
LMI Premium
$10,500
Renovation Costs
-
Total Cash/Equity Required
$84,662
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
$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
$16,490
$24,076
Interest Repayments
$28,215
$28,215
Net Cashflow Before Tax
-$11,725
-$4,139
Depreciation
-
-
Tax Offset
-$3,517
-$1,242
Net Cashflow After Tax
-$8,207
-$2,897
Assumptions
Year 1
Year 10
Property Value
6.8%
$539,340
$974,998
Loan Balance
I.O
$427,500
$427,500
$111,840
$547,498
Did you know you need to engage a conveyancer when buying a property?
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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 Days of Supply
Sold Price
Asking Price