$695K
$143,053
"JollyMont, a rare modern, small acreage, easy care weekender. Set high in the rolling South Gippsland Hills close to popular Foster, Fish Creek and Meeniyan. The current owners have used the property as a retreat from a busy professional city life. A peaceful place, where they can sit on the veranda and watch the changing light as clouds scud across the surrounding hills and enjoy the thrill of an occasional majestic wedgetailed eagle flying by at low altitude. Wildlife and rare birds abound, helping you connect with country and relax, with the help of your entertaining new neighbours, the wild wombats, wallabies and echidnas who will share this unique property with you. Built approximately 10 years ago the house is very solidly constructed and sits in an elevated position nested into the hillside with rural hill views on three sides and glimpses of the high mountains beyond. Easy care, comfortable and compact, with an open plan design, the property requires little day to day maintenance making it a perfect weekender or short term rental. The practical kitchen, has plenty of storage, an electric stove and cook top and overlooks the dining and lounge areas. A split system air conditioner provides fast heating and cooling as required. 2 bedrooms with built in robes, are adjacent to the lounge and a modern combined bathroom, laundry sits directly opposite the kitchen. Outside, a 35,000 litre rainwater tank provides the properties water. The property is fully fenced and has a small dam which could be used to water stock. Nestled on a 6,581 SQM property with an additional 2,800 SQM under license, JollyMont sprawls across 2.35 Acres. Located a short drive from South Gippsland Highway and just 9 minutes to Grassy Spur swimming pool, 16 minutes to the shops, cafes and Restaurants at Meeniyan, 18 Minutes to Foster yet only 2.5 hours from Central Melbourne. Google map estimates Neat and tidy free standing small acreage properties with a modern home, are in very short supply in South Gippsland. To ensure you dont miss out call Dean Jones on 0431 639 749 to book your inspection as soon as possible."
-
86.1%
-
-
$5,000
-$20,385
3.1%
2.1%
-14.3%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$765,000
Stamp Duty
$40,970
Transfer Fee
$1,896
Conveyancing
$1,196
Deposit (10%)
$76,500
Reg. Mortgage
$129
LMI Premium
$21,813
Renovation Costs
-
Total Cash/Equity Required
$143,053
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
$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
$16,319
$23,853
Interest Repayments
$45,441
$45,441
Net Cashflow Before Tax
-$29,122
-$21,588
Depreciation
-
-
Tax Offset
-$8,737
-$6,476
Net Cashflow After Tax
-$20,385
-$15,112
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$688,500
$688,500
$133,860
$798,131
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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