Withheld
$252,859
"An exclusive home set in a curated garden, resting sympathetically on the north side of Mount Macedon. Tarraleah is a 3.28 Ha 8.1 acres property featuring a stunning home set in a parkland style garden with the luxury of having the Macedon Regional Park as its only neighbour. The home faces true north with the HShaped building footprint fostering two landscaped courtyards. The build is of rendered block work and galvanised steel and copper panels. The home has multiple living areas, the heart being the open kitchenliving and dining room featuring a contemporary galley style kitchen with island bench, large dining area and living room with a Cheminees Philippe wood heater set in a feature stone wall. A second separate living room is suitable for recreational use including TV, piano, quiet reading, or general entertaining. It includes builtin cupboards with fitted teamaking facilities and a bar refrigerator teamed with two banquettes to provide for flexible use if additional guest accommodation is required. Downstairs features a games room suitable for rumpusgym or billiards or for easy conversion into a home office or theatre room. The accommodation features a gorgeous master suite facing north with builtin wardrobes plus an ensuite bathroom with accessible balcony overlooking the garden. Two further guest bedrooms, also facing north, have builtin wardrobes and shared large bathroom with a garden balcony. Other features include a home office with built in cabinetry, separate bathroompowder room and mudroom, two car garage, workshop and mowergarage. Outside, the garden consists of about 2 Ha of formal garden and 1.2 Ha of mature eucalypts and other natives. There are four 170yearold specimen trees, including a Sitka Spruce, a Douglas Fir, a Norwegian Spruce and a European Cedar. More recent plantings include two Wollemi Pines, a group of Crepe Myrtles and a curved hedge of Hornbeam Trees. The landscape near the house, including feature rockwork at the house and the front gate was designed by the late Grant Saltmarsh. It includes a mix of exotic and native species, with Japanese maples providing colour contrasts throughout. Mounding and plantings have been used to create large garden rooms around the property where trimmed bushes are used to form colour and texture contrasts together with incidental garden sculptures. For recreational activities large expanses of lawn have been retained and a 5 hole frisbee golf course has been constructed. Other features include a sealed driveway, LPG gas, a 70,000litre underground rainwater tank, gas hydronic heating, underground power supply from Mount Macedon Road, reverse cycle air conditioners and a builtin sound system throughout the house for music or radio. This is an exceptional opportunity to secure an elegant property within 10 minutes to Woodend, freeway and rail to Melbourne, 35 minutes to Melbourne airport and of course all the natural wonder of the Macedon Ranges."
Below are some similar properties in the area you may be interested in.
Location, 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
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
-
81.1%
-
-
$660,000
-$359,599
1.1%
1.0%
-17.8%
6.0%
Asking Price
-
Estimated Purchase Price
$10,340,000
Stamp Duty
$652,100
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$1,034,000
Reg. Mortgage
$129
LMI Premium
$323,543
Renovation Costs
-
Total Cash/Equity Required
$2,015,133
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$114,400
$162,827
Property Management
+7.7% PA
$8,809
$12,538
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
$100,483
$143,624
Interest Repayments
$614,196
$614,196
Net Cashflow Before Tax
-$513,713
-$470,572
Depreciation
-
-
Tax Offset
-$154,114
-$141,171
Net Cashflow After Tax
-$359,599
-$329,400
Assumptions
Year 1
Year 10
Property Value
6.8%
$11,748,000
$21,237,589
Loan Balance
I.O
$9,306,000
$9,306,000
$2,442,000
$11,931,589
Did you know you need to engage a conveyancer when buying a property?
Request a free contract review