$850K
$159,276
"Perfectly positioned in one of Korumburras most sought after pockets, this custombuilt home is undoubtably one of the finest homes in the estate and will be sure to impress the most fastidious of buyers. Showcasing an unsurpassed level of quality throughout with an endless list of upgrades and extras, this is ideal for those looking to downsize. From the moment you arrive, you are welcomed into a spectacular entrance hall, complete with vaulted ceilings, feature lighting and skylights to flood in natural light. The heart of the home is the magnificent kitchen, dining and meals area, positioned to enjoy the north sun all throughout the day. The well appointed kitchen offers abundant storage with plenty of cupboards and drawers, quality appliances including Westinghouse oven and Asko dishwasher, 40mm stone benchtops and a walkin pantry. Entertaining is a breeze in the private, covered alfresco area, seamlessly connecting with the main living zone via. large glass stacker doors. At the rear of the home, you also have a purposebuilt music room with sounddeadening insulation which would also make an ideal second living area or rumpus room. The master bedroom at the front is a true sanctuary and is luxuriously appointed with an enormous walkin robedressing room and a full ensuite with double vanity and one of the largest double showers weve seen The remaining two bedrooms are both oversized and feature double built in robes, serviced by the central family bathroom with spa. Stepping outside, the back deck enjoys an impressive view over the entire Korumburra township and is the perfect place to sit back in the morning and watch the sun rise. The yard is extremely low maintenance with artificial turf at the front, drought tolerant plants and raised veggie beds and a greenhouse in the backyard. Youve also got a bonus 3m x 4m workshop under the house, ideal for extra storage. The list of inclusions here is truly endless but some notable features include 13 panel solar panel system to keep energy bills down Electric reverse cycle heating and refrigerated cooling with 5 separate zones Quality double glazed windows throughout Oversized double remote garage with 9ft clearance door, especially designed to accommodate a caravan, plus attic storage in the ceiling Abundant builtin storage throughout including a large walkin store room Ducted vacuum system Under floor insulation throughout This magnificent property is a true credit to the current owners and there is truly nothing left to be done except move in, unpack and enjoy. Inspections are via. private appointment only so if this looks like the one youve been waiting for, dont hesitate to reach out and organise a walkthrough. Looking to buy, sell or rent in South Gippsland Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 84349 Little Commercial Street, Korumburra. Note Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
1.5%
87.1%
$653K
3.7%
-$45,000
-$21,568
3.2%
2.3%
-13.5%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$19,679
$28,635
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$30,811
-$21,855
Depreciation
-
-
Tax Offset
-$9,243
-$6,556
Net Cashflow After Tax
-$21,568
-$15,298
Assumptions
Year 1
Year 10
Property Value
6.8%
$859,740
$1,554,205
Loan Balance
I.O
$765,000
$765,000
$94,740
$789,205
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
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price