$920K
$154,185
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Try Picki for FREEConfidence
High
High
$1,000,000
Medium
$920,000
Low
$850,000
Confidence
Medium
This enticing 55-acre rural property offers an exceptional blend of modern living and country charm. Just a stone's throw from town, it features a solid renovated brick home with chic interiors, original timber flooring, and stylish amenities. The property is adeptly designed for lifestyle and farming, boasting modern kitchen and bathroom renovations, three bedrooms, a potential fourth bedroom or retreat, and expansive outdoor spaces with sunrooms and a BBQ area. Practical outdoor structures include large sheds, a stable, and multiple water sources like dams and creeks, all framed by mature gardens and functional deer fencing. Ideal for those seeking acreage with proximity to town and room for personalization.
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90.3%
-
-
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-$26,311
2.5%
Asking Price
$920,000
Estimated Purchase Price
$920,000
Stamp Duty
$36,135
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$92,000
Reg. Mortgage
$164
LMI Premium
$23,690
Renovation Costs
-
Total Cash/Equity Required
$154,185
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,160
$1,514
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$17,061
$24,821
Interest Repayments
$54,648
$54,648
Net Cashflow Before Tax
-$37,587
-$29,827
Depreciation
-
-
Tax Offset
-$11,276
-$8,948
Net Cashflow After Tax
-$26,311
-$20,879
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Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$828,000
$828,000
$154,560
$948,235
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 52.0%
Average Income
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projected
for 2025 to 2027
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Average Vacancy Rate
Average Days of Supply
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Sold Price
Asking Price