This property needs to be sold due to the constraints on the owners, they have had enough of the sales process after accepting three offers only to have the sale fall over each time. The buyers have fallen over due to not being able to get finance, not being able to sell their other property and deciding to buy out of the area.
In the charming town of Gunning, 11 Yass Street stands as a beacon of modern living harmoniously blended with the tranquility of rural life. Built in 2011, this four-bedroom, two-bathroom home spans 178m² of thoughtfully designed living space, offering a perfect sanctuary for families seeking comfort, space, and a touch of luxury.
The heart of this home is its commitment to year-round comfort, facilitated by two reverse-cycle air conditioners and a cozy slow combustion fireplace equipped with a heat circulation pump, all wrapped up in R4 rated insulation. These features ensure an energy-efficient, climate-controlled environment that's comfortable no matter the season.
A standout feature of this residence is the enormous master suite, providing a private escape with its own fully equipped ensuite, walk-in robe, and direct access to the verandah. Additionally, the property caters to the needs of enthusiasts and families alike with a spacious 14mx7m powered shed/workshop and a delightful kids' cubby house/playground, ensuring everyone has their space for work and play.
However, the true gem of this property lies in its unique access to 1.5 acres of crown land with the option to purchase. Used by the current owners for their horse, it extends the property's backyard into a vast outdoor haven, offering unmatched opportunities. The property's alignment with both the crown land and adjacent farmland enhances its rural appeal while maintaining the conveniences of town living.
Surrounded by professionally landscaped gardens, featuring an impressive Sydney Sandstone wall and privacy hedges, the home is a secluded paradise.
Cost to replicate:
Land: $320,000
House($2500/m2):$545,000
Shed: $60,000
Landscaping: $90,000
Total: $1,015,000
The turnkey proposition of this property is a key selling point. All the hard work is already completed so you don't have to start from scratch. The property is also close to local amenities, including a daycare centre, primary school, the Telegraph Hotel, Merino Cafe, and the local swimming pool. Gunning is a friendly community with a strong cafe culture and a family-friendly environment. High-speed Satellite NBN ensures seamless connectivity for remote work.
Questions:
Q: What can the settlement period be?
A: The owners can accommodate settlement periods of 120 days plus.
Q: Is there anything wrong with the property?
A: ACT Property inspections completed there report and have said that it is above average (please see a copy of this in the info pack).
Q: Is everything approved on the property?
A: No, the shed on the property is unapproved but it complies with all council requirements and approval can be obtained.
Q: Can I exchange the contract with a 5% deposit or deposit bond?
A: Yes
Q: What is the asking price for the property and are the owners negotiable?
A: $850,000 and they are not negotiable
Q: What would the property rent for on a short term and long term basis?
A: Our investment team has assessed the property to be worth $300 per night on a short term basis through AirBnB and $600 - $650 per week on a long term rental arrangement. (Rental appraisal can be supplied upon request)
Link to AirBnB website for Gunning listings:
https://www.airbnb.com.au/s/Gunning--Australia/homes?adults=1&place_id=ChIJU0abWfPnFmsRMN5DkLQJBgQ&refinement_paths%5B%5D=%2Fhomes
Q: What does it mean to have Crown Land neighbouring the property?
A: The property backs onto 1.5 acres of crown land which is accessed via a gate on the back boundary of the property. The current owners use this land for their horse at no cost from the crown as they are maintaining the land. A lot of the crown land in Gunning is currently being sold to neighbouring property owners and there is the potential to purchase this land.
More information can be found on the NSW Government website:
https://www.crownland.nsw.gov.au/resources/purchase-crown-land
Q: Why are they selling?
A : The owners have purchased acreage in the area to accommodate their growing family. They can't own both properties so they are selling 11 Yass Street.
Enquire today to receive a comprehensive information pack, or contact David Alexander on 0455 777 644 or George Southwell on 0429 838 345 to arrange your inspection.
