$1.25M
$255,688
"Set on a sprawling 23.7H58.56 acres aprox estate, this versatile lifestyle property offers a rare opportunity to create a walkin business with its fully furnished Airbnb potential, accommodating between 10 to 18 guests in comfort and luxury. The home comes with exceptional quality bedding and linen, ready for guests to enjoy, making it an ideal shortstay holiday rental. Boasting 4 spacious bedrooms, 2 living areas, and 3.5 bathrooms, this retreat exudes comfort. While offering stunning area views and ample outdoor space perfect for exploring, horseback riding, or taking advantage of nearby state forest trails for motorbike riding and hunting. For the hobby farmer, this property is a dream come true. With the ability to comfortably cater to over 30 cows with calf at foot and the potential to cut more than 50 round bales from just two paddocks, this land is as productive as it is beautiful. Homesteading enthusiasts will appreciate the established apple, plum, chestnut, and walnut trees, providing a taste of selfsufficiency. Whether youre looking to run a profitable AirbnbShort stay accommodation, enjoy hobby farming, or simply escape to the serenity of the countryside, this property is an exceptional find, offering both income potential and the perfect rural lifestyle. Key Information 4 Bedrooms 2 Living Areas 3.5 Bathrooms 3 Car Spaces 23.7 Hectares. Private master suite with builtin robe, ensuite, stained glass window, raked ceiling, Dakin split system. Original hardwood floors and stainedglass windows throughout. Kitchen Electric stove and oven, ornate tile benchtop, tile splashback, and servery window. Spacious livingdining area with 2 large stone fireplaces, skylight, and wood storage. Second living area with a Daikin split system, high ceilings and closed off by doors. 2 car carport with workshop and power and second 1 car carport. Covered deck with builtin seating, bar, and skylights. New gas instantaneous hot water service. Established gardens and large stone fire pit. Large wooden floor shed with power, yards and storage areas. 40,000L capacity header tanks1 not connected, springfed dam and troughs. 7 paddocks with laneways and troughs, ideal for hobby farming supports 30 cows. Capability to produce over 50 round bales from two paddocks. Airbnbshortstay potential Sleeps 1018, fully furnished, ready for a walkin business. Location 10 minutes to Noojee Red Duck Caf, Noojee Pub, Toolshed, 30 minutes to Neerim South, 52 minutes to Mount Baw Baw. Easy access to state forest for motorbiking, hunting, and horse riding. Like Superman we always do everything in our power to provide you with up to date accurate info on all our properties however we highly recommend that you do your own due diligence by contacting all relevant shires government departments, plus speak with your own advisors. Virtual grass has been used in some pictures used in advertising. Due Diligence Checklist put our by the government can be found here httpswww.consumer.vic.gov.auduediligencechecklistBaw Baw RE, eXp Australia, Ben Codling all associated identities accept no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website."
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64.6%
-
-
-$1,345,000
-$59,589
-
-
-23.3%
-
Asking Price
$1,250,000
Estimated Purchase Price
$1,345,000
Stamp Duty
$73,975
Transfer Fee
$3,253
Conveyancing
$1,196
Deposit (10%)
$134,500
Reg. Mortgage
$129
LMI Premium
$42,086
Renovation Costs
-
Total Cash/Equity Required
$255,688
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,969
$2,569
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
-$5,234
-$6,829
Interest Repayments
$79,893
$79,893
Net Cashflow Before Tax
-$85,127
-$86,722
Depreciation
-
-
Tax Offset
-$25,538
-$26,017
Net Cashflow After Tax
-$59,589
-$60,706
Assumptions
Year 1
Year 10
Property Value
6.8%
-
-
Loan Balance
I.O
$1,210,500
$1,210,500
-$1,210,500
-$1,210,500
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 13.0%
Health Care and Social Assistance - 13.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price