$640K
$103,928
"Nestled in a peaceful Lancefield court, and located across 521sqm approx.. this recently refreshed residence combines elegance with functionality, offering a perfect blend of contemporary features and comfortable living spaces. Upon entry, newly installed engineered wood flooring flows throughout the home, adding a touch of sophistication and durability, perfect for the busy household. Further complemented by new carpet and crisp painting throughout, the residence is light filled and lends towards a modern and low maintenance lifestyle. At the heart of the home an open plan living, dining, and kitchen area creates an inviting and airy atmosphere. The kitchen boasts newly installed stainlesssteel appliances, bountiful preparation and storage space and sweeping views across the living space into the wider grounds. Whether preparing a culinary delight or entertaining guests, this is a space designed for convenience and family. A separate lounge room provides additional living space, perfect for a home theatre, childrens play area, or a quiet spot to unwind. Step outside to the freshly landscaped yard, where lush turf and a full irrigation system, ensures ease of garden maintenance and yearround botanical vibrancy. The outdoor deck is an ideal spot for alfresco dining, morning coffees, or simply enjoying the serene surroundings. Located towards the front of the residence, the master suite is a true retreat. Featuring a walkin robe, and a full ensuite, the private location ensures true relaxation. Three additional bedrooms offer ample space for family or guests, all serviced by a wellappointed second bathroom. Offering a desirably low maintenance home in an established and central estate, this is the perfect opportunity to secure easy living within the Macedon Ranges. Additional features include ducted heating and evaporative cooling, new flooring, lighting and painting throughout, new appliances within the kitchen, an extended deck patio with a newly constructed arbour, a sealed double car garage with rear roller door and a freshly turfed and landscaped yard. Located in the picturesque Macedon Ranges, Lancefield is a mere 70km north of Melbournes CBD, a halfhour drive from Melbourne Airport, and a short 25minute commute to Kilmore, Kyneton, Clarkefield, or Riddells Creek Railway Stations. For more information or to arrange your private inspection please contact Debra Watchman on 0409 828 490 or Chloe Brinkhuis on 0428 875 589."
Below are some similar properties in the area you may be interested in.
-
71.1%
$590K
4.6%
$10,000
-$11,981
4.2%
3.0%
-10.9%
6.0%
Asking Price
$640,000
Estimated Purchase Price
$590,000
Stamp Duty
$30,470
Transfer Fee
$1,486
Conveyancing
$1,196
Deposit (10%)
$59,000
Reg. Mortgage
$129
LMI Premium
$16,823
Renovation Costs
-
Total Cash/Equity Required
$109,654
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$17,930
$26,126
Interest Repayments
$35,046
$35,046
Net Cashflow Before Tax
-$17,116
-$8,920
Depreciation
-
-
Tax Offset
-$5,135
-$2,676
Net Cashflow After Tax
-$11,981
-$6,244
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$531,000
$531,000
$109,800
$627,414
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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