Withheld
$102,224
Confidence
High
High
$640,000
Medium
$600,000
Low
$560,000
Confidence
Moderate
"Nestled high on the hills overlooking the rolling farmland below, this stunning homestead offers a perfect escape from city life while remaining conveniently close to Bunbury. Perched atop a scenic road off Collie River Road, the 104acre property boasts some of the most breathtaking views in the region from its two exquisite homes. The main residence is a modern, twostorey, twobedroom marvel, designed with spacious living in mind. The openplan living, kitchen, and dining areas on the upper level are bathed in natural light and framed by panoramic views. This thoughtfully designed home also includes a second familyTV room and a serene study retreat. The rendered brick house features highquality appliances, reversecycle air conditioning, an inbuilt wood stove, and solar panels that efficiently heat the rainwater. A large, airconditioned wine cellar on the lower level adds a touch of luxury. The lower level of the main house houses a generous master bedroom with an ensuite, a second bedroom, and an additional bathroom with separate outside access. A highlight of the property is the awardwinning rammed earth guest residence, offering three bedrooms and a seamless blend of comfort, style, and functionality. This charming home features a spacious kitchen with a 900mm gas stovetop, ample storage, a walkin pantry, and a large ensuite to the master bedroom. With brandnew reversecycle air conditioning and ceiling fans in every bedroom, this residence comfortably accommodates up to 10 guests. Expansive verandahs to the east, west, and north capture stunning sunrises and sunsets. Ecofriendly and equipped with modern comforts, this property is one of only two with direct rear access to State Forest and bike riding trails. Maintained with care for the past 30 years, its ideal as a weekend retreat or a permanent sea change. Set in the Collie River Valley, Cloudstream enchants with its natural beauty, with winter mists cascading down into the valley and plains below. For more information and to schedule a private viewing, contact William Porteous."
-
70.6%
$950K
4.9%
$595,000
+
3120.0%
2755.6%
3034.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$3,000
Estimated Purchase Price
$5,000
Stamp Duty
$95
Transfer Fee
$203
Conveyancing
$1,535
Deposit (10%)
$500
Reg. Mortgage
$203
LMI Premium
$85
Renovation Costs
-
Total Cash/Equity Required
$3,171
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$156,000
$222,037
Property Management
+8.2% PA
$12,792
$18,207
Rates
+3.0% PA
$1,721
$2,246
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$137,782
$196,750
Interest Repayments
$297
$297
Net Cashflow Before Tax
$137,485
$196,453
Depreciation
-
-
Tax Offset
$41,246
$58,936
Net Cashflow After Tax
$96,240
$137,517
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$4,500
$4,500
$636,300
$1,153,914
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2021 Population
Suburbs
Manufacturing - 15.0%
Retail Trade - 14.0%
Health Care and Social Assistance - 11.0%
Accommodation and Food Services - 10.0%
Others - 50.0%
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