$1.95M
$368,757
"Now is your opportunity to secure a rural lifestyle property like no other, bursting with charm and endless possibilities. This property is ready to find its new owners, ones that will continue to share their love with the gardens and surrounds. Nestled in the heart of nature, spread across 123acres of grazing land, showcasing incredible views from every angle, and offering the vision of starting your own farming journey and or commercial prospect. Arriving at the property, you are welcomed by a tree lined driveway leading to an inviting homestead and further onto the Mayfield Gallery and various shedding. The homestead, a conversation piece, a timeless gem, has been lovingly cared for however is in need of some maintenance. It includes high ceilings, ornate cornice, ceiling roses and additional features exuding country charm. Currently set up to suit the owners needs as a one bedroom with multiple living spaces and study however this home can easily be transformed back to a minimum 3 bedroom home with 2 bathrooms already in place. Throughout the home, there is the convenience of reverse cycle air conditioning and multiple wood fire heaters. The kitchen and dining area is generous in size and contains ample bench and cupboard space along with stone benchtops and quality appliances and fittings. Greenery out every window, this home has so much to offer. Additionally, the property features an old dairy that has been beautifully transformed into an art space overlooking the rolling hills and includes a kitchenette, storage room, smaller art display room and large open room with a sizable feature open fireplace. You could use this area to your liking, picture a guest retreat, private hideaway and or commercial endeavour subject to council approval. Gardens spread around the residence with plenty to see including a hazelnut tree orchard, rotunda, and plenty of shade provided by mature trees. Many different storage sheds suitable for cars, machinery or the likes of. The property enjoys a peaceful yet accessible location, just a short drive to the nearby townships. A picturesque and charming country estate with breathtaking views and a welcoming relaxed ambience, come and experience this property for yourself. To arrange your inspection please contact the friendly Alex Scott and Staff sales team today Andrew Newton 0402 940 320, Emily Clifford 0422 622 299, Tony Giles 0407 528 192 Disclaimer Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence."
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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
Average Days of Supply
-
93.5%
$1.4M
1.8%
-$1,490,000
-$72,009
1.0%
0.7%
-19.5%
6.0%
Asking Price
$1,950,000
Estimated Purchase Price
$1,950,000
Stamp Duty
$107,250
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$195,000
Reg. Mortgage
$129
LMI Premium
$61,016
Renovation Costs
-
Total Cash/Equity Required
$368,757
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$12,959
$19,071
Interest Repayments
$115,830
$115,830
Net Cashflow Before Tax
-$102,871
-$96,759
Depreciation
-
-
Tax Offset
-$30,861
-$29,028
Net Cashflow After Tax
-$72,009
-$67,731
Assumptions
Year 1
Year 10
Property Value
6.8%
$491,280
$888,117
Loan Balance
I.O
$1,755,000
$1,755,000
-$1,263,720
-$866,883
Did you know you need to engage a conveyancer when buying a property?
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