$1.39M
$237,768
"Please note that if you are entering the address of this property into Google Maps or another GPS app, please enter 2005 LancefieldKilmore Road, Lancefield, VIC, 3435. Representing an amazing opportunity to purchase a rural equestrian property offering extensive established infrastructure. Ideally suited to horse enthusiasts and those seeking a peaceful and tranquil, rural lifestyle within a stones throw of the ever increasingly popular township of Lancefield with its country village feel and warm community culture. This very appealing property affords quality family living set amidst a serene country backdrop with picture perfect views in every direction upon a well maintained 21.75 acre land holding. The property comprises 21.75 acres 8.8 hectares approx. with good pasture 12 well fenced paddocks, 11 horse shelters all with automatic refill water troughs Full sized 60 x 20 arena plus a round yard for equine training Well equipped stables featuring threebay stable, tack room and feed room Excellent Horse Hot Wash facilities featuring the ability to be fully enclosed A well sized three bay hay shed and accommodation for machinery tractors Plenty of easy access for horse floats trucks adjoining the infrastructure Large and lofty 3bay workshop shed attached to a double bay garage shed with great clearance, power and concreted. Perfect for horse float storage or caravans Plentiful bore water plus three water tanks provide ample water supply The property additionally features a recently renovated fourbedroom home with wraparound verandahs combining spacious living and country charm with the recent upgrades making the property the perfect family home with charm and modern convenience. Offering two generous light and bright living spaces affording stunning vistas from every window, with both areas connected by a smart and recently upgraded kitchen complete with plenty of storage, loads of bench space, quality appliances and all finished in stylish neutral tones. A long and sleek servery allows for easy family living and entertaining. The four bedrooms are all spacious and offer abundant natural light, and additionally the main suite offers an appealing ensuite and walkthrough robe space making for the ideal parents retreat. The fourth bedroom is a versatile space and is currently utilised as a study. The home has been recently painted and is finished in smart and stylish tones and the entire property has a welcoming and relaxing feel that makes you feel instantly at home. This delightful home and amazing property represents the ideal opportunity for an astute buyer that recognises an excellent opportunity to acquire a sizeable land holding with great infrastructure in a high demand location."
Below are some similar properties in the area you may be interested in.
-
86.7%
-
-
-$770,000
-$42,223
1.8%
1.3%
-17.3%
6.0%
Asking Price
$1,390,000
Estimated Purchase Price
$1,285,000
Stamp Duty
$70,675
Transfer Fee
$3,113
Conveyancing
$1,196
Deposit (10%)
$128,500
Reg. Mortgage
$129
LMI Premium
$40,208
Renovation Costs
-
Total Cash/Equity Required
$244,370
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,880
$32,565
Property Management
+7.7% PA
$1,762
$2,508
Rates
+3.0% PA
$1,843
$2,405
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
$16,010
$23,393
Interest Repayments
$76,329
$76,329
Net Cashflow Before Tax
-$60,319
-$52,936
Depreciation
-
-
Tax Offset
-$18,096
-$15,881
Net Cashflow After Tax
-$42,223
-$37,055
Assumptions
Year 1
Year 10
Property Value
6.8%
$550,020
$994,305
Loan Balance
I.O
$1,156,500
$1,156,500
-$606,480
-$162,195
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
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price