$695K
$120,151
"Nestled in a picturesque setting on a 3.5acre allotment, this appealing home offers a relaxed lifestyle just 10 minutes from Creswick and 25 minutes from Ballarats CBD. As you pass through the automated gates, youll be welcomed by beautifully landscaped gardens and an orchard. The property provides excellent car accommodation, including a double carport, a separate 9x6m lockup garage with auto doors and workshop, plus an additional double open garage. Inside, the home continues to impress. The countrystyle, renovated kitchen offers an abundance of storage with pullout drawers, complemented by a large Belling Dual Fuel range cooker large gasfired stove, polished hardwood floors, and wood combustion heating. The spacious lounge connects seamlessly with the kitchen and dining areas and includes a split system air conditioner. A formal entrance features a compact study nook, perfect for a home office or student workspace. The master bedroom is filled with natural light from sunny windows, offering peaceful garden views and a full set of builtin robes. The additional two bedrooms are generously sized, each with builtin robes. The main bathroom has been updated with a walkin shower and toilet, while the laundry offers a second convenient toilet. An outdoor room off the veranda is a standout feature, equipped with radiant heaters and sliding doors. This versatile space can be opened in summer or enclosed in winter, providing a comfortable second living area yearround. Built in the mid20th century, this home exudes charm, with polished hardwood floors, ornate cornices, leadlight windows, and pressed metal detailing in the hallway. The propertys exterior is equally impressive, featuring wellestablished gardens, rolling lawns through the orchard, and a dam. Zoned for township use, the property also offers subdivisional potential. Additional features include mains water, a 7.5KW solar system, a fire pit, a pizza oven area, and chicken sheds. An inspection of this unique property is sure to impress. Call Matthew on 0418 501 323 to arrange your private tour today."
Below are some similar properties in the area you may be interested in.
-
73.1%
-
-
-$345,000
-$33,319
-
-
-24.8%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$720,000
Stamp Duty
$38,270
Transfer Fee
$1,791
Conveyancing
$1,196
Deposit (10%)
$72,000
Reg. Mortgage
$129
LMI Premium
$20,530
Renovation Costs
-
Total Cash/Equity Required
$134,465
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,831
-$6,303
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$47,599
-$49,071
Depreciation
-
-
Tax Offset
-$14,280
-$14,721
Net Cashflow After Tax
-$33,319
-$34,350
Assumptions
Year 1
Year 10
Property Value
6.8%
$400,500
$724,009
Loan Balance
I.O
$648,000
$648,000
-$247,500
$76,009
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