$1.2M
$227,394
"The property is positioned in a highly desirable area for those desiring a rural lifestyle with advantages of joining a small and comfortable community. Located within minutes to Tarwin Lower, 10 minutes to Inverloch and close to Leongatha while the regional hub of Wonthaggi is within easy reach. This exquisite home is positioned on a generous allotment of just over an acre 4193sqm and is set within an inspiring and botanic parklike setting. The entrance to the home creates a sense of expectation as one approaches the impressive automatic iron gates, through the delightful and picturesque gardens up to the residence. Here the wonderful heritage style home is defined initially by broad verandahs with a fabulous north and south facing orientation and beautiful date palms along the driveway as a prominent feature. Level access into the home reveals beautiful rich iron bark flooring accentuated by high ceilings which provide an immediate sense of space. The home is beautifully decorated and stunning furnishings are complemented by a lively warm palette and a relaxed and comfortable presentation. The long hall showcases ornate cornices, fretwork and sparkling chandeliers whilst luxurious window furnishings and plush carpets enhance the private rooms. The sumptuous main suite is located at the front of the home and enjoys walk in robe and resort like bathroom facilities. The additional two bedrooms are nearby with terrific builtin robes. These rooms are serviced by a beautiful family bathroom with stunning claw foot bath and fresh white tiles, separate toilet and laundry with access into the double garage. Leading in further, an expansive open plan living, dining and central wellequipped kitchen forms the heart of the home and links effortlessly to both side and back verandahs through large sliding doors. The StateoftheArt kitchen is an absolute standout with a sparkling stone island bench, high quality appliances and a large Butlers pantry with exceptional storage. The lounge area is extremely comfortable where a cosy Coonara provides a warm and relaxing ambiance and a heat transfer system filters heat through to the bedrooms whilst reverse cycle airconditioning ensures comfort throughout the home in any season. The views into the lush landscape are inspiring and meditative and provide a haven for relaxing and spaces for family and friends to gather and frolic. A fully enclosed alfresco has access from the double garage and provides a fabulous second living area, perfect for entertaining and dining at any time of year. The property has many features including double glazing, central vacuum system, a 4.5kW solar system backing up to 6kW battery, a 12volt battery lighting system and a generator to protect against power outages and ensure smooth continual running of the home. Excellent water storage with 120,000 litres is more than adequate to supply the home and grounds. Other improvements at the property include a large five bay shed and workshop with three high clearance automatic roller doors which provides exceptional storage for vehicles and equipment. The magnificent garden includes raised vegie plots, a terrific variety of productive and decorative trees and mature native planting along the boundaries creating a wonderful setting. Many buyers are recognizing the lifestyle our coastal area affords for permanent living, investment or those seeking a destination for weekend escapes and this property is an exciting and inspiring choice. House 194sqm plus pergola, verandahs, garage and shedding Land 4193sqm"
Below are some similar properties in the area you may be interested in.
-
88.3%
$460K
6.8%
-$830,000
-$41,624
1.5%
1.0%
-18.3%
6.0%
Asking Price
$1,195,000
Estimated Purchase Price
$1,195,000
Stamp Duty
$65,725
Transfer Fee
$2,902
Conveyancing
$1,196
Deposit (10%)
$119,500
Reg. Mortgage
$129
LMI Premium
$37,392
Renovation Costs
-
Total Cash/Equity Required
$227,394
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
$70,983
$70,983
Net Cashflow Before Tax
-$59,463
-$53,961
Depreciation
-
-
Tax Offset
-$17,839
-$16,188
Net Cashflow After Tax
-$41,624
-$37,773
Assumptions
Year 1
Year 10
Property Value
6.8%
$389,820
$704,702
Loan Balance
I.O
$1,075,500
$1,075,500
-$685,680
-$370,798
Did you know you need to engage a conveyancer when buying a property?
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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
Average Days of Supply