$870K
$146,870
"Nestled in a tightly held farming area, this stunning property of 75 acres approximately over two titles, offers an exceptional opportunity for an idyllic country lifestyle. With its natural beauty and potential for development, potential buyers can create their dream abode and experience serene countryside living and strong community connections in Kongwak, just 27 minutes from Inverloch and even closer to Korumburra whilst the hubs of Leongatha and Wonthaggi are within easy reach, ensuring that convenience is always at your doorstep. The first title, covering approximately 5 acres, features readytobuild house and shed sites that have already been cleared for convenience. With mains power installed and a council building permit approved, development can start without delay. The entrance to the house site is easily accessible via a premade rock driveway directly off the main road, cleverly sheltered by established native trees for added privacy and charm. A natural spring runs along the front of the property, and a cleared elevated section suggests a prime location for planting an orchard or vines. The second title spans approximately 70 acres of undulating, picturesque blue gum country, showcasing the areas natural beauty. This stunning property features established plantings, natural springs, breathtaking views, and electric fencing. A large dam feeds the troughs in all paddocks, ensuring a reliable water supply. The welldeveloped treed corridors provide excellent shelter and contribute to drier paddocks in the lowerlying areas during winter months. These growth corridors also create a safe haven for native animals, promoting biodiversity. Additionally, the paddocks can be agisted, generating annual income. This expansive property offers an ideal blend of natural beauty, agricultural potential, and biodiversity, making it a perfect choice for those seeking a serene rural lifestyle."
Below are some similar properties in the area you may be interested in.
-
76.5%
$975K
3.7%
$430,000
-$18,448
3.8%
3.0%
-11.2%
6.0%
Asking Price
$950,000
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
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
$25,918
$37,516
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$26,354
-$14,756
Depreciation
-
-
Tax Offset
-$7,906
-$4,427
Net Cashflow After Tax
-$18,448
-$10,329
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,399,080
$2,529,204
Loan Balance
I.O
$792,000
$792,000
$607,080
$1,737,204
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price