$2.3M
$493,883
"Why go to a tropical destination when you have your own stunning oasis at home Architecturally designed and built by the iconic, and awardwinning Lucas Morris Wetzler this beautifully presented, lightfilled and generously proportioned 4bedroom plus study executive residence has been tastefully updated with an intelligent flowing floor plan. The piece de resistance for some buyers may well be the Council current planning permit for three glamping domes to be sited on a hillside within the property featuring panoramic views of the stunning landscape. The owners have diligently planned every aspect of this accommodation venture which would afford an investment opportunity to bring to fruition an extra income stream. At the heart of the charming and comfortable home is its magnificent kitchen around which a meals area and two large sitting rooms congregate. Access to the magnificent outdoor swimming pool complex with its gazebo and grand 180 degree sweeping views from many aspects of this extraordinary property make it something very special. One sitting area features inbuilt Clean Air heater, a grand main bedroom with picture windows, a large WIR and a beautiful and private ensuite with underfloor heating has a true Balinese feel. A substantial study is appropriately placed nearby and is linked to the second generously proportioned bedroom with its BIR. The kitchen with its ample storage is a stunner. A massive Litho Stone topped island bench with clever LED underlighting highlights the charm of this area and is ideal for culinary preparations and a place for family and friends to gather whilst helping to prepare meals or having an informal meal together. Large banks of windows in this space look out to breathtaking undulating views. Two further bedrooms with BIRs have their own family bathroom bath and shower and separate toilet. This area of the house is ideal as a guest space for short and longterm stays. The updated laundry with heaps of storage is both aesthetically pleasing and versatile. The summer end of the house, as well as being the perfect place to entertain, is showcased by a grand indoor spa room which is adjacent to the appropriately fenced solar and gas heated salt chlorinated pool with ease of access to the alfresco BBQ gazebo especially designed to capture the views and the cooling breezes on a balmy night. Six wellfenced paddocks, a loose box, excellent shedding including workshop with power and concrete flooring and a granitic sand menage are sure to attract horse lovers. The nearby Gisborne Pony Club and Adult Riding Club with its excellent facilities and friendly members is also a bonus, and only five minutes from the property. Water to all areas of the property is no problem with a dam and approximately 148,000 litres of tank water available for home use, garden use and paddocks. This fabulous property is within an hours drive to the CBD and approximately eight minutes to Gisborne and Sunbury. So why not make a time to inspect this very special, private retreat where the present is alluring, and the future may well be tantalising You wont be disappointed."
Below are some similar properties in the area you may be interested in.
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95.6%
-
-
-$1,190,000
-$86,070
1.5%
1.2%
-17.4%
6.0%
Asking Price
$2,300,000
Estimated Purchase Price
$2,590,000
Stamp Duty
$148,350
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$259,000
Reg. Mortgage
$129
LMI Premium
$81,042
Renovation Costs
-
Total Cash/Equity Required
$493,883
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$30,889
$44,570
Interest Repayments
$153,846
$153,846
Net Cashflow Before Tax
-$122,957
-$109,276
Depreciation
-
-
Tax Offset
-$36,887
-$32,783
Net Cashflow After Tax
-$86,070
-$76,493
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,495,200
$2,702,966
Loan Balance
I.O
$2,331,000
$2,331,000
-$835,800
$371,966
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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