$1.2M
$243,427
"Nestled in the picturesque town of Avenel, this beautifully designed home on a sprawling 5,000m block offers the perfect blend of modern living and rural charm. From the moment you step inside, the openplan layout welcomes you with a sense of space and sophistication. The heart of the home is the lightfilled family and meals area, where a cozy wood heater and splitsystem air conditioning provide comfort all year round. For those warm summer days, ducted evaporative cooling ensures every corner of the home stays cool and inviting. A separate formal lounge offers a quiet retreat, perfect for unwinding, while outdoors, an expansive alfresco dining area awaits ideal for entertaining friends and family. Beyond the alfresco, the vast backyard reveals a 20m x 9m shed with 3m high motorized roller doors, power, and water perfect for storing caravans and boats or setting up the ultimate workshop. Theres even a dedicated man cave, complete with its own splitsystem air conditioning, water supply, and ample space to relax. The outdoors is more than just space its an opportunity. Raised garden beds invite you to cultivate your own fresh produce, while the large chicken coop provides space for freerange hens. With three 22,000litre water tanks and multiple taps around the property, keeping everything green and thriving is effortlessly and sustainably. Key Features 4 bedrooms, 2 baths, study, 2 living areas, and theatre room Modern kitchen with 900mm stove, island, and walkin pantry Highquality finishes with glossy tiles and decorative touches Master with walkin robe and ensuite with double vanity Decked alfresco area overlooking a spacious backyard 20m x 9m shed with motorized doors, power, and water access Separate mancave with power, water, and air conditioning 3 x 22,000L water tanks and 3 x 3m storage sheds Raised garden beds, chicken coop, and taps across the property Private footpath from the property leading directly to town Double garage for secure, convenient parking This property is more than a home its a lifestyle. Enjoy the tranquillity of country living while being just a short stroll from town. Dont miss the chance to make this exceptional home your own. Contact the PRD team today to arrange a viewing"
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61.8%
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-$140,000
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Asking Price
$1,195,000
Estimated Purchase Price
$1,280,000
Stamp Duty
$70,400
Transfer Fee
$3,101
Conveyancing
$1,196
Deposit (10%)
$128,000
Reg. Mortgage
$129
LMI Premium
$40,052
Renovation Costs
-
Total Cash/Equity Required
$243,427
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,805
$2,355
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
$30,927
$44,620
Interest Repayments
$76,032
$76,032
Net Cashflow Before Tax
-$45,105
-$31,412
Depreciation
-
-
Tax Offset
-$13,532
-$9,424
Net Cashflow After Tax
-$31,574
-$21,989
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,217,520
$2,200,986
Loan Balance
I.O
$1,152,000
$1,152,000
$65,520
$1,048,986
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Public Administration and Safety - 15.0%
Health Care and Social Assistance - 12.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Others - 52.0%
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