$995K
$175,498
"Set high on a hilltop with stunning views in every direction over the surrounding countryside, this superbly restored period residence is a testament to decades of work by the current owners. With approx. 12 acres of lush usable land complete with orchard, vegetable gardens, a separate cottage studio and exceptional shedding, this truly offers a complete country lifestyle. Rebuilt from the ground up with a craftsmans eye for detail and no expense spared, the character filled main residence is packed with period charm. Magnificent Sydney Bluegum polished timber flooring features throughout, along with dado paneling, high ceilings, original fireplaces, restored windows and French doors. Filled with light and sited to capture the outlook from every window, the breakfast spot is the perfect entry to the home. A farmhouse kitchen with Rayburn wood stove and country style cabinetry adjoins. Sited in the centre of the home is the generous living room set around the original double hearth with huge chimney, housing both a combustion heater and open fireplace. French doors open to the formal dining room, again north facing to capture spectacular views and natural light. There are two bedrooms plus a large room which can be used as either further bedroom accommodation or as a games room. The period style bathroom includes the laundry facilities and there is a powder room outside. The separate cottage is an entertainers dream with kitchen, bar, dining space and huge multi purpose area with double roller doors opening up to allow space to entertain a crowd. Alternatively ideal as a workshop or studio to work from home. Additional shedding includes a potting shed, boat shed, 3 bay machinery shed, garage workshop with extra height for boats caravans or hoist. Chook pen, covered stall and tractor storage. This is a property to cherish for generations to come, right in the heart of this picturesque area with the townships of Buffalo and Fish Creek just 6 minutes away."
Below are some similar properties in the area you may be interested in.
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81.9%
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-$710,000
-$38,922
1.6%
1.0%
-18.1%
6.0%
Asking Price
$1,200,000
Estimated Purchase Price
$1,130,000
Stamp Duty
$62,150
Transfer Fee
$2,750
Conveyancing
$1,196
Deposit (10%)
$113,000
Reg. Mortgage
$129
LMI Premium
$35,358
Renovation Costs
-
Total Cash/Equity Required
$215,133
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$67,122
$67,122
Net Cashflow Before Tax
-$55,602
-$50,100
Depreciation
-
-
Tax Offset
-$16,681
-$15,030
Net Cashflow After Tax
-$38,922
-$35,070
Assumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$1,017,000
$1,017,000
-$568,440
-$206,110
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price