$258K
$49,083
"The Phone Code for this property is 42790. Please quote this number when phoning or texting. Rare idyllic vacant lot in The Patch near Kallista schools, William Ricketts, Alfred Nicholas Gardens, Belgrave, Mt Dandenongs Approx. 1100 Sqm, picturesque views, slight slope, some flat area, mostly cleared, mature chestnut tree ready for harvest , nectarine, pomegranate, loquats, blackberries, aloe veras Power, water access but not yet connected, no sewage, tenement holding, green wedge zone. Would need to speak to planning consultant or with Yarra Ranges council regarding building. Potential for tiny house site, Airbnb, weekender, container home, shed, permaculture farm, orchard or land bank. Had a market appraisal for 360,000 plus without the tenement holding. Open to rent to own, vendor finance terms, instalment contract, crypto, swaps as part payment Disclaimer Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner forsalebyowner.com.au Pty Ltd cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
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92.1%
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2.7%
-$30,000
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-
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-32.8%
6.0%
Asking Price
$235,000
Estimated Purchase Price
$265,000
Stamp Duty
$10,970
Transfer Fee
$726
Conveyancing
$1,196
Deposit (10%)
$26,500
Reg. Mortgage
$129
LMI Premium
$4,528
Renovation Costs
-
Total Cash/Equity Required
$44,598
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,907
$2,488
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
-$5,172
-$6,748
Interest Repayments
$15,741
$15,741
Net Cashflow Before Tax
-$20,913
-$22,489
Depreciation
-
-
Tax Offset
-$6,274
-$6,747
Net Cashflow After Tax
-$14,639
-$15,743
Assumptions
Year 1
Year 10
Property Value
6.8%
$250,980
$453,712
Loan Balance
I.O
$238,500
$238,500
$12,480
$215,212
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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