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$2.8M
$535,104
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$2,600,000
Medium
$2,200,000
Low
$1,800,000
Confidence
Medium
Discover Mica Grange, a hundred-acre retreat nestled in the picturesque foothills of Mount Alexander. Renowned for its breathtaking views and rich natural beauty, this property features a tiered stone residence that blends indoor and outdoor living seamlessly. Ideal for hosting events, the property includes a charming reception studio, expansive landscaped gardens, and an organic garden. Modern amenities like a well-equipped kitchen and cozy spaces complement its aesthetic appeal. With convenient access to Melbourne and surrounding towns, Mica Grange offers both serenity and accessibility.
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96.2%
$410K
824.4%
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Try Picki for FREE$2,195,000
+
2912.0%
Asking Price
$2,800
Estimated Purchase Price
$5,000
Stamp Duty
$70
Transfer Fee
$117
Conveyancing
$1,196
Deposit (10%)
$500
Reg. Mortgage
$129
LMI Premium
$85
Renovation Costs
-
Total Cash/Equity Required
$2,647
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$145,600
$207,234
Property Management
+7.7% PA
$11,211
$15,957
Rates
+3.0% PA
$1,650
$2,153
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
$129,474
$184,864
Interest Repayments
$297
$297
Net Cashflow Before Tax
$129,177
$184,567
Depreciation
-
-
Tax Offset
$38,753
$55,370
Net Cashflow After Tax
$90,424
$129,197
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Year 1
Year 10
Property Value
6.8%
$2,349,600
$4,247,518
Loan Balance
I.O
$4,500
$4,500
$2,345,100
$4,243,018
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2021 Population
Suburbs
Manufacturing - 22.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Public Administration and Safety - 9.0%
Others - 46.0%
Average Income
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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.
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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Trusted by over 13,000 property buyers and counting...
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)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
