$745K
$139,236
"A fabulous offering awaits you in the stunning mountain Village of Harrietville, with the sale of the impeccably presented, Camellia Lodge. With its timeless appeal, fantastic central location and mountain styling, you cant go wrong with the property being offered for sale on a walk in walk out basis. Offering you 3 bedrooms, 2 bathrooms and open plan living, on a fully established and nice sized corner allotment of approximately 870m2. Step into your light filled open plan living space with its timber lined cathedral ceiling, cosy slow combustion wood fire and enjoy direct access out on to your wrap around verandah. The large kitchen with island bench is sure to be the gathering place for many a family discussion, while your long 10seater table is just the spot for the family feast after a long day on the slopes. Relax in the lounge with the fire crackling or step outside to the sun filled North facing decking when its time to turn the snags on the BBQ. There are 3 queen size bedrooms, the master enjoying its own ensuite and walk in robe, whilst bedrooms 2 and 3 have built in robes. The family bathroom has a shower and bath with a separate WC and there is also a very handy mud room with European style laundry. Adjoining the house is a single carport and you will also find 2 lockable garden sheds along with a large amount of under house storage. Situated at the end of the Ovens Valley only 15 minutes from Bright, at the foothills of Mount Hotham, Harrietville is for the lovers of a slower pace, where you can stay active all day long fishing, riding or hiking or just relax and enjoy coffee, one of the best bakeries you will ever come across and your choice of 2 fabulous Country Pubs. Camellia Lodge can very easily continue to be your holiday house as it has been from the day it was built for our current owner, whilst could just as easily suit anyone looking for a permanent base for full time living."
Below are some similar properties in the area you may be interested in.
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71.9%
-
-
-
-$31,060
2.5%
1.9%
-15.1%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,100,000
Stamp Duty
$60,500
Transfer Fee
$2,680
Conveyancing
$1,196
Deposit (10%)
$110,000
Reg. Mortgage
$129
LMI Premium
$31,365
Renovation Costs
-
Total Cash/Equity Required
$206,419
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,080
$39,967
Property Management
+7.7% PA
$2,162
$3,077
Rates
+3.0% PA
$1,684
$2,197
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
$20,969
$30,432
Interest Repayments
$65,340
$65,340
Net Cashflow Before Tax
-$44,371
-$34,908
Depreciation
-
-
Tax Offset
-$13,311
-$10,472
Net Cashflow After Tax
-$31,060
-$24,436
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Loan Balance
I.O
$990,000
$990,000
$184,800
$1,133,759
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2021 Population
Suburbs
Accommodation and Food Services - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Manufacturing - 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