$1.25M
$261,347
"Set on the edge of the Wombat State Forest, is this idyllic 43acre property in the heart of Spring Hill. Meander down the driveway through the bush, past the main dam, and you find a perfectly sited charming home amidst the garden and trees. Creating a private haven, the property is nestled at the end of a peaceful lane and sprawls across a mixture of undulating cleared and native bushland spaces with an abundance of native wildlife. A beautifully built steel framed, brick home, sits elevated enjoying views across the property where there are five dams, three of which are spring fed and your own running creek. Designed for an indooroutdoor lifestyle, the open plan livingdining area is the whole width of the house and takes in the views from both sides. A wellplanned kitchen with an expansive bench allows for easy entertaining. Extending from this is the loungetheatre room with solid fuel heater a great place to relax and unwind. Complementing the indoor living areas is a spacious hardwood deck. As you step out onto the deck, it allows the beauty of this property to become apparent, a true highlight of the home. The north facing main bedroom is spacious and has a walkin robe and ensuite.The remaining three bedrooms, in a separate wing are serviced by the family bathroom. The larger guest bedroom includes a walkin robe whilst the remaining two bedrooms are fitted with built in robes. There is a large, family and pet friendly fenced garden, comprising an extensive lawn, a variety of seasonal flowers, succulents and flowering trees. In the famed area of Trentham, Daylesford, Castlemaine and Kyneton the property has great connection to Melbourne, Ballarat and Bendigo, all within an hours drive or only a 15minute drive to the closest Vline Station. If you are looking for peace and an escape, you cant go past this property. Property features include 43 acres approx. Two car garageshed with power Blackbutt flooring throughout 5 Dams, 3 spring fed Irrigation system connected to 9 garden taps and rooftop sprinklers 55,000l tank water with Grundfos pump Oversized Verandas Paved entry Daikin Reverse Cycle Solid fuel heater with ducted transfer system Modern Stainless Steel Kitchen appliances and dishwasher Separate laundry Fenced and netted vegetable garden with established berries and currants"
Below are some similar properties in the area you may be interested in.
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89.3%
$470K
5.3%
-$670,000
-$44,188
1.7%
1.3%
-17.3%
6.0%
Asking Price
$1,250,000
Estimated Purchase Price
$1,345,000
Stamp Duty
$73,975
Transfer Fee
$3,253
Conveyancing
$1,196
Deposit (10%)
$134,500
Reg. Mortgage
$129
LMI Premium
$42,086
Renovation Costs
-
Total Cash/Equity Required
$255,688
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
$1,566
$2,043
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
$16,767
$24,438
Interest Repayments
$79,893
$79,893
Net Cashflow Before Tax
-$63,126
-$55,455
Depreciation
-
-
Tax Offset
-$18,938
-$16,637
Net Cashflow After Tax
-$44,188
-$38,819
Assumptions
Year 1
Year 10
Property Value
6.8%
$720,900
$1,303,216
Loan Balance
I.O
$1,210,500
$1,210,500
-$489,600
$92,716
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
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