$450K
$88,351
"PRICE ALIGNMENT Discover a rare and captivating opportunity to own a piece of history with The Old Hepburn Pub, a significant building nestled on a generous 546m2 lot. Originally licensed in the gold rush era of 1854 by SwissItalian and Chinese gold miners, this iconic structure was rebuilt in 1911, preserving its heritage for future generations to cherish. The interior of the building has been stripped out, leaving behind two original Victorian fireplaces as charming reminders of its storied past. The clutter has been cleared away on the outside, presenting an ideal blank canvas awaiting your visionary Grand Design. Embrace the opportunity to bring your dream home to life, as a planning permit for a stunning 4 bedroom, 3 bathroom residence has already been approved and remains current. Tailor the existing plan to your desires or explore the possibility of redesigning it to suit your unique requirements. Zoned for residential use, this property invites a Grand Design treatment, offering unlimited potential for a family residence, exceptional weekender or country retreat. Moreover, you could capitalise on its ideal location for the holiday let market, reaping the rewards of this extraordinary investment. Dont miss the chance to own this historic gem. Join us at our scheduled open times or contact Michael on 0417 142 152 to arrange a private inspection. This is your moment to be a part of history and create a timeless legacy in the heart of the Goldfields."
Below are some similar properties in the area you may be interested in.
1.8%
79.3%
$745K
3%
$290,000
-$8,429
4.8%
3.5%
-9.7%
6.0%
Asking Price
$450,000
Estimated Purchase Price
$485,000
Stamp Duty
$24,170
Transfer Fee
$1,241
Conveyancing
$1,196
Deposit (10%)
$48,500
Reg. Mortgage
$129
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$86,507
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
$28,809
$28,809
Net Cashflow Before Tax
-$12,042
-$4,371
Depreciation
-
-
Tax Offset
-$3,613
-$1,311
Net Cashflow After Tax
-$8,429
-$3,060
Assumptions
Year 1
Year 10
Property Value
6.8%
$827,700
$1,496,285
Loan Balance
I.O
$436,500
$436,500
$391,200
$1,059,785
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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price