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$1.5M
$260,497
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,700,000
Medium
$1,550,000
Low
$1,400,000
Confidence
Medium
This 2.27-hectare property, zoned for rural horticultural use and located in the City of Playford, presents an outstanding investment opportunity. Featuring dual street access and close proximity to major transport networks, the property is ideal for owner-occupiers or investors. It includes a mix of infrastructure, such as 16 large greenhouses, a packing shed equipped with kitchen and bathroom facilities, and a chemical storage shed. Additional highlights include 10 megalitres of Bolivar water rights, three storage tanks for irrigation, and secure fencing around the perimeter. Built in 1986, the residential component, offering 5 bedrooms and 2 bathrooms, is currently vacant and available via private treaty.
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78.9%
-
-
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Try Picki for FREE$160,000
-$36,414
2.8%
Asking Price
$1,500,000
Estimated Purchase Price
$1,390,000
Stamp Duty
$70,280
Transfer Fee
$13,187
Conveyancing
$1,226
Deposit (10%)
$139,000
Reg. Mortgage
$187
LMI Premium
$43,915
Renovation Costs
-
Total Cash/Equity Required
$268,345
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
$1,930
$2,518
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$30,546
$44,123
Interest Repayments
$82,566
$82,566
Net Cashflow Before Tax
-$52,020
-$38,443
Depreciation
-
-
Tax Offset
-$15,606
-$11,533
Net Cashflow After Tax
-$36,414
-$26,910
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,655,400
$2,992,569
Loan Balance
I.O
$1,251,000
$1,251,000
$404,400
$1,741,569
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2021 Population
Suburbs
Health Care and Social Assistance - 22.0%
Retail Trade - 14.0%
Manufacturing - 11.0%
Education and Training - 11.0%
Others - 42.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
