$2.38M
$509,586
"An exceptional opportunity presents itself to those seeking a hobby farm or an investment property in close proximity to Melbourne Airport. Offering panoramic and captivating views, this parcel of land boasts an enviable location near Clarkefield Railway Station, making it easily accessible. Situated just a 50minute drive from Melbourne CBD and a mere 20 minutes from the burgeoning suburbs of Sunbury, Riddles Creek, and Romsey, it presents an ideal blend of convenience and rural tranquility. Spanning approximately 40 acres, the property features a thoughtfully designed 3bedroom residence resting on a sturdy concrete slab. Additionally, the land is complemented by numerous paddocks equipped with efficient electric fencing, facilitating flexible land use and management. The property is further enhanced by the presence of three water tanks, a bore water facility, and several dams, ensuring ample water resources for agricultural pursuits or livestock. For further information or to arrange a viewing, interested parties are encouraged to contact Safwat at 0403 035 992 or Lateef at 0433 568 575. Dont miss out on this rare opportunity to secure a slice of rural paradise with close proximity to essential amenities and transportation hubs. Due Diligence Checklist for home and residential property buyers httpwww.consumer.vic.gov.auduediligencechecklist. DISCLAIMER All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent."
-
73.8%
$750K
4.3%
-$1,920,000
-$54,119
3.5%
3.0%
-10.6%
6.0%
Asking Price
$2,375,000
Estimated Purchase Price
$2,670,000
Stamp Duty
$153,550
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$267,000
Reg. Mortgage
$129
LMI Premium
$83,545
Renovation Costs
-
Total Cash/Equity Required
$509,586
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$93,600
$133,222
Property Management
+7.7% PA
$7,207
$10,258
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
$81,285
$116,299
Interest Repayments
$158,598
$158,598
Net Cashflow Before Tax
-$77,313
-$42,299
Depreciation
-
-
Tax Offset
-$23,194
-$12,690
Net Cashflow After Tax
-$54,119
-$29,609
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$2,403,000
$2,403,000
-$1,602,000
-$954,983
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 - 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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price