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$275K
$39,989
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Try Picki for FREEConfidence
High
High
$330,000
Medium
$275,000
Low
$220,000
Confidence
Medium
This ideal parcel of land offers 3.5 acres along the beautiful Plenty River, close to New Norfolk. With riverfront access, it's perfect for building a dream home (STCA) and enjoys vibrant wildlife and fishing opportunities. The land features a combination of pastures, slopes suitable for building (STCA), and native bushland. The region is well-known for berry growth. Electrical connections are available, and access is via Plenty Valley Road. Zoned Rural Resource by the Derwent Valley Council.
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88.8%
-
-
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+
24.5%
Asking Price
$275,000
Estimated Purchase Price
$255,000
Stamp Duty
$8,135
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$25,500
Reg. Mortgage
$152
LMI Premium
$4,357
Renovation Costs
-
Total Cash/Equity Required
$40,775
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+8.8% PA
$5,491
$7,816
Rates
+3.0% PA
$1,425
$1,859
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$52,284
$74,964
Interest Repayments
$15,147
$15,147
Net Cashflow Before Tax
$37,137
$59,817
Depreciation
-
-
Tax Offset
$11,141
$17,945
Net Cashflow After Tax
$25,996
$41,872
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$293,700
$530,940
Loan Balance
I.O
$229,500
$229,500
$64,200
$301,440
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2021 Population
Suburbs
Manufacturing - 16.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 11.0%
Others - 49.0%
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...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
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Average Days of Supply
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Average Population
Sold Price
Asking Price
