$650K
$133,511
"Nestled in the heart of the coveted Western Avenue, a locale synonymous with exclusivity and charm, this exceptional property offers an expansive allotment of approximately 1.80acres, presenting an unparalleled opportunity for your dream home STCA. Centrally positioned between the enchanting towns of Daylesford and Hepburn Springs, this tightly held gem is a rare find. Situated in the highly desirable Western Avenue, offering the best of both Daylesford and Hepburn Springs. Boasting an impressive land size of approximately 7260m2, providing ample space for your future residence STCA. Enjoy the convenience of a second rear access point, enhancing accessibility and flexibility. The property is cleared yet adorned with a scattering of mature trees, creating a picturesque setting for your dream home. Benefit from the accessibility to town water and town power, ensuring a seamless and modern living experience. A large, approved building envelope sets the stage for the realization of your architectural vision. With a draft BMA Bal. Rating of 29, this property prioritizes safety without compromising on the natural beauty of the surroundings. You are far enough away from the shopping strip of town to enjoy the peacefulness of country living, enjoy all the walking tracks at end rear of the property and close proximity to the Hepburn Regional Park, yet less than 2 minutes from the main street of Daylesford. You also are a 25minute drive to Ballan train station for access to Melbourne and Ballarat public transport. Please contact Gary Cooke on 0409 003 356 or garycookejelliscraig.com.au Features include Zoned Low Density Residential Hepburn Shire Council Clear block with a handful of mature trees Fencing with rear access Town power and water available Rear access into Hepburn Regional Park Close proximity to Daylesford town centre Easy access to Western HighwayBallan Train Station Land size 7260sqm approx."
Below are some similar properties in the area you may be interested in.
-
71%
$960K
3%
$75,000
-$15,689
3.7%
2.7%
-12.0%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,566
$2,043
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
$19,167
$27,853
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$22,413
-$13,727
Depreciation
-
-
Tax Offset
-$6,724
-$4,118
Net Cashflow After Tax
-$15,689
-$9,609
Assumptions
Year 1
Year 10
Property Value
6.8%
$827,700
$1,496,285
Loan Balance
I.O
$630,000
$630,000
$197,700
$866,285
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
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