$950K
$143,188
Confidence
High
High
$1,320,000
Medium
$1,150,000
Low
$980,000
Confidence
Medium
"Nestled amidst the serene beauty of the Ferguson Valley countryside, this remarkable 13.7acre property offers an idyllic rural lifestyle with breathtaking valley views, with a great foundation, screaming out for someone to add their finishing touches. Situated alongside the enchanting Gnomesville, a beloved tourist destination, there are potentially numerous tourism opportunities to be taken advantage of. Improved with a twolevel residence, ideally positioned to capture the panoramic valley views which truly have to be viewed to be appreciated. Attached to the rear is a large workshop with sliding door access. The residence is approved for 2 bedrooms and 2 bathrooms, spread across two levels. It presents a wonderful opportunity for someone to finish the construction and relish the serene ambiance of native wildlife gracing the property. All the hard work has already been done including extensive retaining works, rainwater tank, septics, plumbing and electricity runin all in place. Key features include AweInspiring Valley Views As you stand on this property, youll be captivated by the panoramic views of rolling hills and a picturesque valley. Watch the sunsets paint the sky with a symphony of colours from your own private vantage point. Expansive Acreage With 13.7 acres of land at your disposal, you have ample room to let your imagination run wild. Whether you dream of creating a hobby farm, or crafting a serene retreat, the possibilities are endless. Several dams providing ample water resource Gnomesville Adjacency Become a part of the whimsical charm of Gnomesville, a renowned tourist attraction where thousands of gnomes have found their home, come and explore this enchanting world which is hidden away from view of the main residence. Tourism Potential Given its proximity to Gnomesville, this property presents an attractive investment opportunity, whether you choose to capitalize on its tourism potential or simply enjoy the unique surroundings. Dont miss this rare opportunity to secure your slice of rural paradise. Whether youre seeking a serene retreat, a blank canvas for your creative vision, or an investment with a touch of magic, this property has it all. Embrace the rural lifestyle youve always dreamed of, where valley views and whimsical gnomes unite to create an extraordinary living experience. Arrange your viewing with Simon Bushell on 0411 929 198 today and step into a world of endless possibilities Disclaimer whilst every care has been taken in the preparation of this advertisement and the approximate outgoings, all information supplied by the seller and the sellers agent is provided in good faith. Prospective purchasers are encouraged to make their own enquiries to satisfy themselves on all pertinent matters. Images are for illustrative purposes."
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72.3%
-
-
$10,000
-$24,467
3.6%
2.9%
-12.1%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,150,000
Estimated Purchase Price
$1,140,000
Stamp Duty
$49,826
Transfer Fee
$433
Conveyancing
$1,535
Deposit (10%)
$114,000
Reg. Mortgage
$203
LMI Premium
$35,671
Renovation Costs
-
Total Cash/Equity Required
$202,218
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+8.2% PA
$3,411
$4,855
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
$32,763
$47,275
Interest Repayments
$67,716
$67,716
Net Cashflow Before Tax
-$34,953
-$20,441
Depreciation
-
-
Tax Offset
-$10,486
-$6,132
Net Cashflow After Tax
-$24,467
-$14,309
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,228,200
$2,220,293
Loan Balance
I.O
$1,026,000
$1,026,000
$202,200
$1,194,293
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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