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$314K
$60,684
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High
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Medium
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Low
-
Confidence
Discover your dream home location at Narracan Waters Estate, Lot 43 Manna Drive. This 706m2 flat lot offers the perfect opportunity to build within a peaceful estate, close to Lake Narracan and nearby amenities. Ready to build on with a modest deposit, it represents an unmissable chance to secure land in this scenic area.
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91.5%
$299K
9.8%
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Try Picki for FREE-$30,000
-$5,951
5.3%
Asking Price
$314,000
Estimated Purchase Price
$345,000
Stamp Duty
$15,770
Transfer Fee
$913
Conveyancing
$1,196
Deposit (10%)
$34,500
Reg. Mortgage
$129
LMI Premium
$7,627
Renovation Costs
-
Total Cash/Equity Required
$60,684
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,542
$2,012
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$11,992
$17,638
Interest Repayments
$20,493
$20,493
Net Cashflow Before Tax
-$8,501
-$2,855
Depreciation
-
-
Tax Offset
-$2,550
-$857
Net Cashflow After Tax
-$5,951
-$1,999
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Year 1
Year 10
Property Value
6.8%
$336,420
$608,167
Loan Balance
I.O
$310,500
$310,500
$25,920
$297,667
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Public Administration and Safety - 9.0%
Education and Training - 8.0%
Others - 55.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
