$435K
$80,436
"Nestled under the peak of Mount Barrow and only 20 minutes Approx. from the Launceston CBD is this fantastic 44.8 Hectare property of prime bushland just waiting for you to discover. This area is in high demand and very rare. Quiet, private and peaceful is the feeling you will receive when entering the property. Start planning your home or develop the property to your design. This is on the gateway to the North East Coast and only a short drive to the newly established mountain bike trails of Derby or Skiing in the winter months at the summit of Ben Lomond. Popular Vineyards, Country Businesses, National parks and State Forests are in abundance in the area. Come for a visit, bring a picnic basket and see this property first hand. Call to arrange an inspection today."
Below are some similar properties in the area you may be interested in.
-
89.3%
-
-
-$210,000
-$12,126
3.8%
2.4%
-15.1%
6.0%
Asking Price
$435,000
Estimated Purchase Price
$490,000
Stamp Duty
$17,823
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$49,000
Reg. Mortgage
$152
LMI Premium
$10,832
Renovation Costs
-
Total Cash/Equity Required
$80,437
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,720
$26,644
Property Management
+8.8% PA
$1,647
$2,345
Rates
+3.0% PA
$2,089
$2,726
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
$11,784
$17,399
Interest Repayments
$29,106
$29,106
Net Cashflow Before Tax
-$17,322
-$11,707
Depreciation
-
-
Tax Offset
-$5,197
-$3,512
Net Cashflow After Tax
-$12,126
-$8,195
Assumptions
Year 1
Year 10
Property Value
6.8%
$299,040
$540,593
Loan Balance
I.O
$441,000
$441,000
-$141,960
$99,593
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
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