$790K
$147,825
"Welcome to 219 Mawley Road, Cobains a picturesque rural retreat boasting 40.44 hectares of versatile land, this property is a haven for those seeking a rural lifestyle within easy reach of urban amenities. Discover the charm of this sandstone home, elevated to capture sweeping views of farmland and mountains. The spacious openplan living area, adorned with high ceilings and abundant natural light, features a modern kitchen with ample storage and bench space. Enjoy yearround comfort with a split system and wood heater. With four spacious bedrooms, all boasting builtin robes, and the main bedroom featuring a walkin robe and ensuite, this home ensures ample space. The wellequipped family bathroom includes a vanity, shower, and spa bath. Step outside onto the large undercover northfacing deck, a great spot for yearround entertaining, that provides a lovely rural outlook over your property. For horse enthusiasts, the property offers plenty of wellfenced paddocks. Shedding is taken care of with a double garage providing secure parking for your vehicles, a second 6.6x3.0 sqm shed and a large 7.0 x 10.0 open bay shed, there is power to some of the shedding. The diverse land, featuring a mix of higher and flat areas, caters to grazing or other farming pursuits. A valuable addition is the 25megalitre Take and Use irrigation license, ensuring a reliable water supply from the nearby drain. Only 10 minutes from Sale and a brief drive to the Gippsland Lake, this property perfectly balances rural serenity with accessibility to town amenities and recreational pursuits. Discover the potential of 219 Mawley Road a rural haven where lifestyle, space, and convenience harmoniously converge. For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
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84.6%
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$1,100,000
-$9,858
5.2%
4.2%
-6.6%
6.0%
Asking Price
$800,000
Estimated Purchase Price
$800,000
Stamp Duty
$43,070
Transfer Fee
$1,978
Conveyancing
$1,196
Deposit (10%)
$80,000
Reg. Mortgage
$129
LMI Premium
$22,811
Renovation Costs
-
Total Cash/Equity Required
$149,733
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,695
$2,212
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
$33,437
$48,179
Interest Repayments
$47,520
$47,520
Net Cashflow Before Tax
-$14,083
$659
Depreciation
-
-
Tax Offset
-$4,225
$198
Net Cashflow After Tax
-$9,858
$461
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,029,200
$3,668,311
Loan Balance
I.O
$720,000
$720,000
$1,309,200
$2,948,311
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply