$1.38M
$229,280
"Exceptionally positioned on the Southern slopes of Mount Bolton, approximately 24 km North West of Ballarat, this premium lifestyle property offers far reaching views across Lake Learmonth, Ballarat and through to Mount Buninyong. Best described as an entertainers dream, the quality brick veneer home built circa 2000 features double glazed picture windows and accommodates three bedrooms ensuite and WIRs to main. The fully appointed kitchen features modern electric cooktop, wall oven and dishwasher plus a slow combustion cooker and walk in pantry. A spacious open plan living area opens onto a vast fully enclosed alfresco area. Year round comfort in the home is assured with the choice of evaporative cooling reverse cycle air conditioning and slow combustion heating. A well appointed one bedroom bungalowguest house offers the benefits of dual occupancy living with separate lounge, bathroom and kitchenette. An array of shedding all with mains power water include a 9M x 21M workshop with high clearance roller doors with two attached machinery sheds. A stable complex features two quality lined loose boxes, wash bay and tack room with adjoining 22M x 55M dressage arena. The property is exceptionally well watered via two bores, one main catchment dam and four smaller catchment dams and five rainwater tanks with a combined capacity of 22,000 gallons. The property is well fenced mostly electrified into multiple paddocks watered via concrete troughs and dams with other improvements including steel cattle yards, crush loading ramp and an additional five bay machinery shed. The sale of Mount Bolton Estate represents an extremely rare and unique opportunity to purchase a highly improved and versatile property which offers an enviable lifestyle. Please note 100 Acres of the land not the pictured improvements is subject to a lease expiring 31st of May 2025 The tenant farmer is paying 6600.00 per annum There are no options for the tenant to renew the existing lease."
Below are some similar properties in the area you may be interested in.
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84.1%
-
-
-$500,000
+
17.2%
15.5%
35.1%
6.0%
Asking Price
$1,375,000
Estimated Purchase Price
$1,270,000
Stamp Duty
$69,850
Transfer Fee
$3,078
Conveyancing
$1,196
Deposit (10%)
$127,000
Reg. Mortgage
$129
LMI Premium
$39,739
Renovation Costs
-
Total Cash/Equity Required
$241,541
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$218,400
$310,851
Property Management
+7.7% PA
$16,817
$23,936
Rates
+3.0% PA
$1,877
$2,449
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
$196,441
$280,207
Interest Repayments
$75,438
$75,438
Net Cashflow Before Tax
$121,003
$204,769
Depreciation
-
-
Tax Offset
$36,301
$61,431
Net Cashflow After Tax
$84,702
$143,338
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$1,143,000
$1,143,000
-$320,640
$343,631
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
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