$1.1M
$225,507
"Set back from the road on the edge of the Poowong township, this impressive residence is perfectly positioned to showcase some of the best views money can buy and sits on a unique 36 acre allotment with creek frontage. This is a well priced, entry level acreage property and the outlook is truly magnificent. The home is just a few years young and still presents as new throughout featuring soaring raked ceilings, the main living, kitchen and dining area is flooded with natural light and perfectly frames the uninterrupted panoramic views of the rolling South Gippsland hills, as far as the eye can see. The chef of the home will love the stylish kitchen with abundant cabinetry, beautiful stone benches, stainless steel appliances and a walkin corner pantry. Large glass doors seamlessly connect the indoor spaces with the expansive outdoor deck, the perfect space to entertain with family and friends and show off your view. Three spacious bedrooms all feature builtin robes, including the master suite with walkin robe and ensuite, plus direct access out onto the deck. The central family bathroom comes complete with a freestanding bath, walkin shower and floor to ceiling tiles. The surrounding acreage is perfect for those wanting to try their hand at running cattle or sheep and is a mixture of undulating, hilly, river flats and steep land, with an allweather access laneway, mostly new fencing and two dams, plus frontage onto the Bass River creek with plenty of peaceful spots to camp. Norton cattle yards, crush and loading ramp have also recently been installed, plus there is an extra 8.7 acres of river land under a government lease included in the property. If farming isnt your thing, you could easily continue the leasing arrangement for the land and just enjoy the peace and quiet of rural living while waking up every day to an everchanging landscape. The acreage has seperate access and there are no shortage of farmers looking for lease blocks, giving you another source of income and having the land and fences maintained. Other notable features include a large 9m x 7m double garage with concrete floor, town water and sewer connected, solar hot water, satellite NBN connectivity, double glazed windows and upgraded insulation throughout and a fully secure house yard for pets. This one is pretty special and certainly one you dont see every day. Get in touch with your local Area Specialist team to organise your private inspection and check it out for yourself Looking to buy, sell or rent in South Gippsland Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 84349 Little Commercial Street, Korumburra. Note Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
-
87.8%
$555K
5%
-$905,000
-$41,209
1.5%
1.0%
-18.3%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,185,000
Stamp Duty
$65,175
Transfer Fee
$2,879
Conveyancing
$1,196
Deposit (10%)
$118,500
Reg. Mortgage
$129
LMI Premium
$37,079
Renovation Costs
-
Total Cash/Equity Required
$225,507
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,520
$17,022
Interest Repayments
$70,389
$70,389
Net Cashflow Before Tax
-$58,869
-$53,367
Depreciation
-
-
Tax Offset
-$17,661
-$16,010
Net Cashflow After Tax
-$41,209
-$37,357
Assumptions
Year 1
Year 10
Property Value
6.8%
$299,040
$540,593
Loan Balance
I.O
$1,066,500
$1,066,500
-$767,460
-$525,907
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
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