$2M
$378,071
"Imagine the lifestyle possible from this exceptional home, Wisemans Farm, positioned on 50 acres approx. in picturesque Newham. Enter via a sweeping pear treelined driveway and admire the striking form of this classic Harkaway gabled homestead that has benefitted from a transformative renovation in 2023. Luxurious bespoke appointments, exquisite interior finishes and impeccable craftsmanship combine to deliver a unique living experience. Wake up to tranquillity in the beautiful Macedon Ranges with picturesque views from every room and every contemporary convenience to call your own. The kitchen is simply superb, featuring Italian marble benchtops, custom 2pac joinery, a Smeg freestanding cooker, Bosch dishwasher, an imported Belfast fireclay sink and pantry, making easy entertaining a reality. Two distinct living zones create plenty of space for a range of lifestyles, while a separate study provides good flexibility for working from home. The main bedroom opens to a gorgeous north facing verandah and comes with generous walkin robes and a luxurious ensuite with antique vanity, walk in shower and heated towel rail. Three additional bedrooms, two with built in robes, are served by the main bathroom. Additional benefits include hardwood timber floors, wool carpet, a wood fireplace in the living room, dual laundrymudroom, powder room, with majority double glazing and 13kW solar. Outside, a wellstocked garden features plentiful fruit trees and a large fenced eightbed vegetable garden complete with irrigation. Water is not a problem with a solar powered bore servicing the paddock troughs, garden taps and toilets. The property is divided into five paddocks, all with good fencing, mature trees and automatic water, ideal for running cattle, sheep or as a horse property as the land is flat and fully fenced. There is a large dam and beautiful views of distant hills and mature trees. The outbuildings are blessed with local history, comprising an old blacksmith shed, dairy and shearingshed all used by the original owners of the land, The Wisemans after whom the property is named. This magnificent lifestyle property has everything you need for your ideal country life. Situated in the beautiful hamlet of Newham, close to the Newham General Store, 15 minutes to Woodend and Kyneton with rail transport, and only one hour to Melbourne. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
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87.6%
$994K
3.7%
-$650,000
-$66,577
1.6%
1.2%
-17.6%
6.0%
Asking Price
$2,000,000
Estimated Purchase Price
$2,000,000
Stamp Duty
$110,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$200,000
Reg. Mortgage
$129
LMI Premium
$62,581
Renovation Costs
-
Total Cash/Equity Required
$378,071
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,690
$34,323
Interest Repayments
$118,800
$118,800
Net Cashflow Before Tax
-$95,110
-$84,477
Depreciation
-
-
Tax Offset
-$28,533
-$25,343
Net Cashflow After Tax
-$66,577
-$59,134
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,800,000
$1,800,000
-$358,200
$806,431
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price