Withheld
$33,319
Confidence
Medium
High
$265,000
Medium
$220,000
Low
$175,000
Confidence
Low
"Discover a remarkable 94acre property featuring two homes, multiple sheds, irrigation, and premium pasture. Located in the heart of dairy, beef, and equine country, this property is conveniently located just a 20minute drive from Bunbury in Waterloo, the gateway to the Ferguson Valley Wine Region. We invite Expressions of Interest for this prime asset, targeting the late 1 million range. This is a unique opportunity to secure a valuable investment in a desirable location. This prime farmland offers Direct frontage to South West Highway, with easy access to Forest Highway. Breathtaking agricultural landscapes, perfect for endless outdoor adventures for the entire family. Potential for future rural or agribusiness opportunities with the upcoming Bunbury outer ring road subject to Shire approval. Spanning over 94 acres, this property features two residences that provide a variety of income options for various lifestyles. The school bus route conveniently passes by the front gate, offering easy access to local primary and secondary schooling in the nearby towns of Burekup, Dardanup, Roelands, Bunbury City, Eaton and Australind. Residence 1 A solid 4bedroom, 2bathroom brick home that showcases classic construction, surrounded by wide verandahs on three sides. Spacious bedrooms, each with builtinrobes. Two separate lounge rooms, both featuring wood fireplaces and an openplan mixed media room. The home is designed for comfortable living, with ducted split system airconditioning, feature brickwork, and tiled floors. A large, wellappointed kitchen equipped with a gas hob, electric oven, and generous fridge recess. A lockup powered workshop garage with ample space for large vehicles. The design promotes a lifestyle of leisure, with large windows and sliding doors leading to covered verandahs and a BBQ area to embrace the best of country living. Residence 2 is a charming 4bedroom, 1bathroom brick veneer cottage, showcasing beautiful timber floors, an electric stove, and a cozy wood fire. This inviting home features two spacious lounge rooms, ceiling fans, and split system airconditioning for yearround comfort, along with a convenient garden shed. Currently leased to tenants who maintain the property in a neat and tidy condition. This country character cottage is ideal for families seeking a secondary dwelling with privacy between homes. Alternatively, you can keep it as a rental with immediate income with the current superb tenants. This expansive property features approximately 16 paddocks with connecting laneways, complemented by 3 dams and irrigation water rights from Harvey Water Wellington Dam. Each residence benefits from rainwater tanks and livestock troughs pressurized by water systems. The multiple outbuildings include a powered old dairy with cattle yards, a powered hay shed, and a secure lockable workshop with a concrete floor, providing ample storage and operational space. Property features 4bedroom 2bathroom brick home 4bedroom 1bathroom brick veneer home currently rented 3 dams Divided into approx. 16 paddocks Irrigation water rights from Harvey Water 75 megalitres Old dairy with cattle yard Hay shed Lockable workshop with power and concrete floor South West Highway frontage 2.9km to Burekup approx. 18km to Bunbury approx. This exceptional farming property boasts a highly desirable location with excellent access to road and rail infrastructure. Eaton Fair shopping centre and Treendale are just a 15minute drive away, while Brunswick is also within 15 minutes. The turnoff to Collie and Worsley is a mere 5 minutes away, and the Forest Highway interchange is nearby. Ferguson Valley approximately 15 km away, easily reached via the Henty Road turnoff just 2 km down the road. Conveniently close to the industrial precincts of Bunbury, Picton, and Eaton. This property is perfectly suited for horses, cattle, and hay cropping. It features welldesigned layout with powered sheds, dams, and robust infrastructure that offers immense potential for a variety of agricultural, horticultural, and agribusiness endeavours. We encourage you to register expressions of interest promptly."
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70.6%
$950K
4.9%
$5,000
-$2,713
7.3%
4.1%
-8.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$215,000
Stamp Duty
$5,605
Transfer Fee
$253
Conveyancing
$1,535
Deposit (10%)
$21,500
Reg. Mortgage
$203
LMI Premium
$3,674
Renovation Costs
-
Total Cash/Equity Required
$33,320
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+8.2% PA
$1,279
$1,821
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
$8,895
$13,303
Interest Repayments
$12,771
$12,771
Net Cashflow Before Tax
-$3,876
$532
Depreciation
-
-
Tax Offset
-$1,163
$160
Net Cashflow After Tax
-$2,713
$373
Assumptions
Year 1
Year 10
Property Value
6.8%
$234,960
$424,752
Loan Balance
I.O
$193,500
$193,500
$41,460
$231,252
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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 Days of Supply
Sold Price
Asking Price