Withheld
$158,322
"Nestled on a gentle rise with views across the farmland of Leongatha South and far beyond to the Windmills on the coast is this special home on 4 acres that oozes character and charm. Picturesque and practical project come to mind with this property. Key features Bright and open kitchen and dining with big views and wood heater Separate living room with bay window 3 bedrooms with built in robes Bathroom, separate laundry, and toilet Plenty of storage areas throughout the home Carport and large 3 car plus garage with smaller shedding ideal for your own hen house Beyond the house you have so many options and opportunities with the land and shedding 4 acres approx. boundary fenced with internal blank canvas Dis used former HB dairy and concrete yard Smaller sundry shedding attached former milk room Large machinery shed with doors Cattle yards with crush and loading race Water tanks x 4 concrete with catchment from sheds and house Ideal for cattle, sheep and horses or garden to your hearts delight. Located 7km to Leongatha, 6 km to Korumburra, providing easy accessibility to the major towns. With practical hands you can bring this charming home to glory again. Solid and sound there is so much scope here to renovate to your liking and this gem will shine. If you love a good renovation project, then this little gem is most worthy of your consideration. For further information and to arrange a personal inspection, please call Irene Walker at SEJ Real Estate 0429 045 632"
-
79.8%
-
-
$465,000
+
35.4%
31.9%
97.4%
6.0%
Asking Price
$795,000
Estimated Purchase Price
$735,000
Stamp Duty
$39,170
Transfer Fee
$1,826
Conveyancing
$1,196
Deposit (10%)
$73,500
Reg. Mortgage
$129
LMI Premium
$20,958
Renovation Costs
-
Total Cash/Equity Required
$137,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$260,000
$370,061
Property Management
+7.7% PA
$20,020
$28,495
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
$234,701
$334,678
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
$191,042
$291,019
Depreciation
-
-
Tax Offset
$57,313
$87,306
Net Cashflow After Tax
$133,729
$203,714
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,281,600
$2,316,828
Loan Balance
I.O
$661,500
$661,500
$620,100
$1,655,328
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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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price