$1.11M
$208,278
"Sitting alongside the banks of the East branch of the Ovens River, is this beautifully presented CottageStyle home offering the perfect blend of rustic charm and modern comfort, set on just under an acre of terraced land. Located in a quiet part of town, this is the ideal location to call home for those wishing to escape the hustle and bustle of everyday life and embrace everything that living in beautiful Harrietville affords you. The home has 3 bedrooms, open plan kitchen and dining space, snug with slow combustion heater for a perfect Winter night by the fire, lounge, family room, bathroom and laundry and a multitude of undercover outdoor spaces to enjoy. There is also a spa for when you really need to relax those aching muscles after a hard day on the ski slopes. Further to the home there is also a freestanding guest cottage situated at the opposite end of the property to the home, providing privacy to all. This cottage is just ideal for family and friends to have their own base when visiting, experiencing the same tranquility and natural beauty that you get to enjoy each and every day or for those wishing to create a passive income, why not have this as an AirBNB This is a property that has so much infrastructure. There is the studio currently man cavemusic room a lockable shed as well as an open bay shed, chook shed, double lock up garage and as mentioned situated at the opposite end of the property to the house is your guest cottage. The grounds feature mature trees and shrubs, open spaces to play and everything of course leads down to the river, where you are sure to spend many days unwinding to the sounds of the Ovens River rambling by. There are 7.2KW of solar panels that feed into a 10KW battery bank with your excess then feeding to the grid, allowing you to minimise the rising costs of living that we all face. All of this situated in this fabulous location that is also only a few minutes walk to the Dredge hole, park, bakery or either of Harrietville 2 Pubs, what an offering."
Below are some similar properties in the area you may be interested in.
-
71.9%
-
-
$10,000
-$33,659
2.2%
1.6%
-16.2%
6.0%
Asking Price
$1,110,000
Estimated Purchase Price
$1,110,000
Stamp Duty
$61,050
Transfer Fee
$2,703
Conveyancing
$1,196
Deposit (10%)
$111,000
Reg. Mortgage
$129
LMI Premium
$31,650
Renovation Costs
-
Total Cash/Equity Required
$208,278
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,700
$35,156
Property Management
+7.7% PA
$1,902
$2,707
Rates
+3.0% PA
$1,684
$2,197
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
$17,849
$25,991
Interest Repayments
$65,934
$65,934
Net Cashflow Before Tax
-$48,085
-$39,943
Depreciation
-
-
Tax Offset
-$14,425
-$11,983
Net Cashflow After Tax
-$33,659
-$27,960
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,196,160
$2,162,373
Loan Balance
I.O
$999,000
$999,000
$197,160
$1,163,373
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Accommodation and Food Services - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Manufacturing - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price