A country residence... 5-6 bedrooms, 3 bathrooms, double garage plus workshop, large purpose built chefs kitchen, open plan living, which all lays beautifully for the sun and is situated in one of the regions most sought after rural lifestyle locations! In the pursuit of good, honest real estate advertising we are not going to try and tell you that this home is sparkling new, shiny and decorated in the very latest colours, however we can confidently state that it has the key features that astute buyers expect from homes in this price range... double glazing, solar heating, clever design and site position.

You simply wouldn't buy land in this location and build a home of this size at this price. Consider the following; If you were able to find a piece of land which was even remotely as beautiful, gently contoured and at the end of a country road within 10 - 15 minutes of Richmond... you would likely pay $325,000 minimum. Go to a project house building company and instruct them to build you a 248m2 home to the standard consistent with this home, you would be fortunate if that quote came in at less than $1,700 a sqm (248m2 x $1,700 a sqm equals $421,600). A new house and land cost combined ($746,600), equal more than the vendors reserve price ($739,000). This equation makes no allowance for the required extra costs of establishing water supply, septic, driveways, landscaping, fencing... which are obviously all here and well established. No matter which way you look at it this place is value!

Vendor Reserve $739,000

Tender closes 4pm, 15th June 2016 (unless sold prior).

What is a Vendor Reserve?

Just like an auction, the vendor nominates and agrees to sell the property at a reserve price on the day of tender (as long as the tender is cash unconditional and at a price equivalent to or higher than the vendor reserve). The process allows for purchasers to make an offer prior to the tender date. The advantages to the purchasers - they have the benefit of an accurate guide on the vendor's price expectation