$1.65M
$282,096
"Situated on the upper slopes of Mount Buninyong, this cleverly renovated and architecturally styled home sits in formally landscaped gardens with views to the Grampians and Otways. Offering both peace and privacy, this lifestyle oasis is only an approx. 15minute drive to Ballarat Central, minutes to the local amenities of Buninyong, and has good access to Melbourne via the Western Hwy and Geelong via the Midland Hwy. The home offers a timeless style that encompasses generously proportioned and light filled living spaces with floor to ceiling windows, nine foot ceilings, square set cornicing, abundant storage and timber flooring as some of the many notable features. There are three large bedrooms, each with their own ensuite bathrooms, along with a dedicated office that offers an opportunity as an extra bedroom if required. The modern kitchen features stone bench tops with a large island, ample storage, quality electric appliances including dishwasher and an induction cooktop, and a large walkin pantry. The dining and lounge spaces are separated by a dual sided Cheminees Philippe fireplace. A spacious pavilion style living area with large windows is arguably the focal point of the home and the hub for entertaining. A double garage is located at the south end of the home, with a fully selfcontained residence above that comprises a bedroom, a bathroom and a living space with a kitchen. It offers an ideal space for guests, a dependant family member or the potential for an income stream as shortterm accommodation. The all electric home features heat pump hot water, ducted heat pump central heating and cooling supplemented by split system heating and cooling in both the pavilion and main sitting areas. There is ample water storage consisting of a 20,000 gallon main tank for the house and a 5,000 gallon tank for the garden. The terraced gardens have been featured in several Open Garden events and provide a range of different environments for enjoyment and has been planned a low maintenance garden. A quality and immaculately maintained lifestyle property that requires your inspection for full appreciation contact Phil Hayward on 0419107112."
Below are some similar properties in the area you may be interested in.
-
97.5%
$1.2M
3.9%
$95,000
-$41,811
2.6%
2.0%
-14.4%
6.0%
Asking Price
$1,650,000
Estimated Purchase Price
$1,525,000
Stamp Duty
$83,875
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$152,500
Reg. Mortgage
$129
LMI Premium
$47,718
Renovation Costs
-
Total Cash/Equity Required
$289,583
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,877
$2,449
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
$30,855
$44,526
Interest Repayments
$90,585
$90,585
Net Cashflow Before Tax
-$59,730
-$46,059
Depreciation
-
-
Tax Offset
-$17,919
-$13,818
Net Cashflow After Tax
-$41,811
-$32,241
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,730,160
$3,127,718
Loan Balance
I.O
$1,372,500
$1,372,500
$357,660
$1,755,218
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 - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
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