Withheld
$328,107
Confidence
High
High
$2,140,000
Medium
$1,950,000
Low
$1,760,000
Confidence
Moderate
"Escape to your own slice of paradise on this stunning 224acre property nestled in the picturesque countryside, just a stones throw away from Camden and Picton. Boasting breathtaking views of green rolling hills and offering ample space for privacy and exploration, this rural retreat presents a unique opportunity for both investors and lifestyle seekers alike. Key Features 224 acres of pristine land, with a minimum lot size of 100 acres, allowing for potential subdivision into two lots. Conveniently located only 15 minutes from Camden and a mere 6 minutes from Picton, providing easy access to amenities while still enjoying a tranquil rural setting. Abundance of water resources, including three large dams, ensuring yearround water supply for livestock and agriculture. Charming threebedroom farm cottage with one bathroom, offering comfortable accommodation amidst the serene surroundings. Old milking shed, showcasing the propertys rich history and potential for renovation or repurposing. Fully fenced into six paddocks with laneway systems leading to cattle yards, providing efficient management of livestock and agricultural operations. Future Potential With the possibility of subdivision into two lots, this property presents an exciting investment opportunity for those looking to capitalize on the growing demand for rural living. Razorback and its surrounding areas are experiencing increased interest from both homeowners and developers seeking to escape the hustle and bustle of city life while still enjoying proximity to urban conveniences. As the region continues to evolve and attract more attention, owning a piece of land in this coveted locale ensures not only a peaceful lifestyle but also promising future returns on investment. Dont miss out on this rare chance to own a sprawling rural property with endless possibilities. Whether youre dreaming of building your own countryside retreat, expanding your farming operations, or investing in future development opportunities, 1485 Remembrance Driveway, Razorback, awaits your vision. Contact us today to arrange a viewing and start envisioning your future in this idyllic rural haven Disclaimer Whilst every effort is taken to ensure accuracy of this listing, we accept no responsibility for errors or omissions. We encourage you to seek your own independent legal and or financial advice prior to making any commitment or decision."
-
88.1%
-
-
-$4,550,000
-$248,703
0.6%
0.5%
-20.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$6,500,000
Estimated Purchase Price
$6,500,000
Stamp Duty
$385,480
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$650,000
Reg. Mortgage
$164
LMI Premium
$183,676
Renovation Costs
-
Total Cash/Equity Required
$1,221,516
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,810
$2,362
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
$30,810
$44,467
Interest Repayments
$386,100
$386,100
Net Cashflow Before Tax
-$355,290
-$341,633
Depreciation
-
-
Tax Offset
-$106,587
-$102,490
Net Cashflow After Tax
-$248,703
-$239,143
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,082,600
$3,764,845
Loan Balance
I.O
$5,850,000
$5,850,000
-$3,767,400
-$2,085,155
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2021 Population
Suburbs
Mining - 13.0%
Construction - 13.0%
Manufacturing - 8.0%
Retail Trade - 8.0%
Others - 58.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price