$1.64M
$281,153
"Why we like the property agent perspective This fourbedroom home offers exclusive country style living in New Gisborne, the perfect entre to the Macedon Ranges. From the moment you enter the driveway lined with pear trees framed by lights in the evening you know you are about to come home to something special. The house is in a peaceful environment surrounded by greenery and landscaped gardens that provides privacy and plenty of space to play in and enjoy. New Gisborne is a charming semirural suburb with a lot to offer. With a strong sense of community, it is an excellent place for families, offering local schools close by like New Gisborne Primary and Gisborne Secondary College. Located just 55 km northwest of Melbourne, New Gisborne has easy access to the city via the Calder Freeway. The property is minutes from Gisborne Station Vline which connects to Melbournes metropolitan area, making commuting easy. New Gisborne strikes a balance between countryside living and accessibility to urban convenience, making it a popular destination for anyone seeking a slower pace of life without missing out on any essential services. A perfect home for families, downsizers from larger rural properties or anyone looking to embrace a new quality country lifestyle now and into the future, 47 Magnet Lane is the perfect landing. What the property offers property perspective This property offers a range of appealing features that emphasize energy efficiency, comfort, and indooroutdoor living 5.2star energy rating at the time of construction, reflecting its sustainability. Electric induction cooktop for modern cooking. Doubleglazed windows throughout for improved insulation. Modern passive solar design, utilizing rammed earth and polished concrete floors to enhance thermal mass. Polished concrete floors, adding both durability and a sleek aesthetic. Hydronic heating powered by an electric heat pump for energyefficient warmth. Outdoor decks, ideal for alfresco entertaining. Full insulation, ensuring comfort throughout the year. Jet master open wood fire, creating a cozy ambiance. Split system heating and cooling plus ceiling fans. Northfacing kitchen, dining, and living areas, flooded with natural light, staying warm and cozy in winter. Large deck with opening stacker doors, creating a seamless indooroutdoor living space, perfect for summer entertaining. Double garage with remote electric door for convenience. Town and tank water systems for flexible water use. Side drive access to large backyard area The home is designed for both seasonal comfort and sustainable living, with a focus on energy efficiency and connection to the outdoors. What you love about the property vendor perspective The street is a quiet and peaceful and a no through road, it is easy walking or riding distance to schools or public transport options. Close to the Gisborne train station, Calder Freeway and only 40 mins drive approx. to the CBD, commuting to the city or regionally is easy. We are only a moments drive to the centre of Gisborne where you can find wonderful restaurants, cafes and services. The large outside area has given our family the space to enjoy outdoor activities such as football, cricket, soccer and golf practice The backyard and garden is an adaptable fully fenced space that has served our family well over the last 15 years. The semirural outlook of the property is unique a sense of being in nature and removed from suburbia but also conveniently close to amenities, transport and freeway access. It has a certain country feel with city convenience, the best of both worlds."
Below are some similar properties in the area you may be interested in.
-
96.4%
$1.3M
3.4%
-$570,000
-$51,658
1.5%
1.1%
-17.9%
6.0%
Asking Price
$1,642,500
Estimated Purchase Price
$1,520,000
Stamp Duty
$83,600
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$152,000
Reg. Mortgage
$129
LMI Premium
$47,561
Renovation Costs
-
Total Cash/Equity Required
$288,652
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,490
$24,076
Interest Repayments
$90,288
$90,288
Net Cashflow Before Tax
-$73,798
-$66,212
Depreciation
-
-
Tax Offset
-$22,139
-$19,864
Net Cashflow After Tax
-$51,658
-$46,348
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$1,368,000
$1,368,000
-$353,400
$466,155
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 - 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