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$250K
-
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$250,000
Medium
$229,000
Low
$200,000
Confidence
Not applicable
Situated in the sought-after Marks Landing settlement, this cleared lot presents a prime opportunity for a new elevated holiday home overlooking the River Murray and bushland reserve. Measuring approximately 26 by 10 meters, this site allows for flexible designs and becomes an ideal location to enjoy river life. The area's growth, marked by new constructions post-2022 floods, enhances the investment potential. Start living the river lifestyle with temporary setups like caravans, even before construction begins, and transform this space into your holiday retreat.
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28.4%
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Try Picki for FREE-$15,000
-$13,866
-
Asking Price
$250,000
Estimated Purchase Price
$250,000
Stamp Duty
$8,955
Transfer Fee
$2,243
Conveyancing
$1,226
Deposit (10%)
$25,000
Reg. Mortgage
$187
LMI Premium
$4,313
Renovation Costs
-
Total Cash/Equity Required
$42,474
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,438
$1,876
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
-$4,959
-$6,470
Interest Repayments
$14,850
$14,850
Net Cashflow Before Tax
-$19,809
-$21,320
Depreciation
-
-
Tax Offset
-$5,943
-$6,396
Net Cashflow After Tax
-$13,866
-$14,924
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Year 1
Year 10
Property Value
6.8%
$250,980
$453,712
Loan Balance
I.O
$225,000
$225,000
$25,980
$228,712
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 26.0%
Retail Trade - 9.0%
Accommodation and Food Services - 8.0%
Public Administration and Safety - 7.0%
Others - 50.0%
Average Income
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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
