$780K
$145,916
"Nestled in the heart of Hepburn Springs, where local eateries beckon at every turn, lies 54 Main Road a testament to fabulous design and prime location. Renovated with flair by a skilled architect and builder, this property offers a rare opportunity as a luxury weekender, savvy investment or cherished permanent residence. A noteworthy detail deserves an early mention a subdivision application has been submitted to the council, accompanied by approved planning permit for two 3 bedroom townhouses. Whether selling the back block with these plans or actualising them for rental purposes STCA, the potential for lucrative returns is unmistakable. Emanating a chic midcentury modern ambiance, the exterior boasts an angled roof, vertical cladding and expansive windows framing serene garden vistas. Lush ferns, maples and a soothing water feature greet visitors with tranquillity upon arrival. Step inside to discover a haven of warmth and style with timberlined walls, honeytoned pine floors and garden panoramas from every window. LG reverse cycle heating and cooling ensure yearround comfort, while a faux log fire serves as a captivating focal point. The heart of the home unfolds with an openplan layout, seamlessly connecting the kitchen, dining and living areas to an elevated deck laced with cascading wisteria and boasting treetop views. The contemporary Ushaped kitchen, in smalt blue, features ample storage, a honeycombtiled splashback and premium appliances, including a 900mm electric oven with a gas cooktop. A servery window to the alfresco area and a long timber bar encourages conviviality while entertaining guests. The accommodation wing comprises 3 bedrooms with builtin robes, with the master suite boasting a sleek hidden ensuite with speckled grey tiles and a stepless shower. The main bathroom echoes this sophisticated aesthetic and offers a relaxing bath for unwinding after a day of exploration. Set on a manageable 330sqm approx. fenced allotment, the grounds offer leafy privacy and require minimal upkeep. Pictureperfect moments await, from leisurely mornings sipping coffee on the porch to evenings relishing sunset views with a drink in hand. Stroll to The Palais for live music or indulge in rejuvenating soaks at the nearby Hepburn Bathhouse. Italianinspired charm permeates the area, courtesy of historic landmarks like the Old Macaroni Factory and Villa Parma along Main Road. Escape the urban hustle and embrace the serenity of country living, just over an hour and a halfs drive from Melbourne. Whether seeking a weekend retreat, holiday haven or lucrative shortterm rental, this property promises a lifestyle of unparalleled opportunity. 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.
-
71%
$960K
3%
-$175,000
-$23,606
2.8%
2.0%
-14.8%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,566
$2,043
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
$16,767
$24,438
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$33,723
-$26,052
Depreciation
-
-
Tax Offset
-$10,117
-$7,816
Net Cashflow After Tax
-$23,606
-$18,237
Assumptions
Year 1
Year 10
Property Value
6.8%
$720,900
$1,303,216
Loan Balance
I.O
$765,000
$765,000
-$44,100
$538,216
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply