$790K
$159,276
"Discover a rare gem in this traditional home, a timeless beauty built in 1904 and cherished by the same family for over 145 years and is now looking for new owners to make this beautiful spot in Gippsland thier own. Adorned with verandas, ornate cornicing, 12 ft ceilings, and sash windows, this residence epitomizes classic charm within a tranquil rural locale. Features Home on approx. 5 Acres 2 Bedrooms with a third in a detached studio Master bedroom has built in robes Open plan living, dining and lounge room Wood heater. Split system gas heating Combination mud roomlaundry Bathroom with shower and bath Enclosed entertainment patio with separate toilet Outside features Wrap around veranda Pergola, veggie garden enclosed pond Threebay car shed 4 Bay machinery shed 2story Barn with 6 large bays, workshop space bar area Tank water Septic system Indulge in the serenity of this property, boasting beautiful established gardens adorned with hidden retreats and private spots. This home in Jack River is located 220km East of Mebournes CBD along the picturesque South Gippsland Highway. With a rural setting this property is a short drive to the beautiful 90 Mile Beach at Woodside Beach, the Tarra National Park which has walking trails and waterfalls waterways of Port Albert. Yarram and all amenities is a quick 17 minute drive away. Option to purchase the adjoining 133 Acres. Contact us now to schedule an inspection"
-
68.5%
$345K
8.3%
-$830,000
-$37,983
-
-
-24.4%
-
Asking Price
$790,000
Estimated Purchase Price
$830,000
Stamp Duty
$44,870
Transfer Fee
$2,048
Conveyancing
$1,196
Deposit (10%)
$83,000
Reg. Mortgage
$129
LMI Premium
$23,666
Renovation Costs
-
Total Cash/Equity Required
$155,459
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,960
-$6,472
Interest Repayments
$49,302
$49,302
Net Cashflow Before Tax
-$54,262
-$55,774
Depreciation
-
-
Tax Offset
-$16,279
-$16,732
Net Cashflow After Tax
-$37,983
-$39,042
Assumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$747,000
$747,000
-$747,000
-$747,000
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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