$840K
$141,145
"Willowstone, your own breathtaking 15acre haven just three minutes from the vibrant heart of town. Envision your stunning stone home, lovingly nestled within enchanting formal gardens, embraced by lush pastures and timehonoured trees. Graceful pines and humble willows stand as faithful sentinels, eagerly anticipating the unfolding story of Willowstones exciting future. Planning Permit PLN201913 for the use and development of a dwelling extended 10 May 2024 for a further two years, is in place. Power is already connected, and the land is fully fenced, with two boundaries recently secured and the fortyfoot container on the site is included in the sale. Tens of thousands of dollars have already been invested in the constructed driveway base to the existing shed and homesite, planning permit approval, plans for the proposed architectdesigned stone walled house, new boundary fencing, power supply and other unseen infrastructure. This isnt just land its a vibrant canvas for a highquality rural lifestyle filled with potential and promise. Embrace the opportunity and let Willowstone become the backdrop for your dreams. Land size 15.43 Acres 6.25 Ha A sublime highquality rural lifestyle opportunity"
Below are some similar properties in the area you may be interested in.
-
92.4%
$1.27M
2.5%
$380,000
-$16,665
4.0%
3.1%
-10.6%
6.0%
Asking Price
$910,000
Estimated Purchase Price
$840,000
Stamp Duty
$45,470
Transfer Fee
$2,071
Conveyancing
$1,196
Deposit (10%)
$84,000
Reg. Mortgage
$129
LMI Premium
$23,952
Renovation Costs
-
Total Cash/Equity Required
$157,367
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,843
$2,405
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
$26,089
$37,739
Interest Repayments
$49,896
$49,896
Net Cashflow Before Tax
-$23,807
-$12,157
Depreciation
-
-
Tax Offset
-$7,142
-$3,647
Net Cashflow After Tax
-$16,665
-$8,510
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,302,960
$2,355,442
Loan Balance
I.O
$756,000
$756,000
$546,960
$1,599,442
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price