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$3.2M
$613,620
Unlock Appraised Value
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High
-
Medium
-
Low
-
Confidence
This 19-acre property in Mount Cottrell represents a lucrative investment potential for astute buyers, investors, or land bankers. Positioned strategically in a well-regarded area, the corner allotment offers numerous development opportunities, subject to council approval. Located just 30 minutes from both Melbourne CBD and the airport, and near Tarneit Station, the property boasts convenience and accessibility. Its zoning as an RCZ adds another layer of potential for future developments.
Trusted by over 13k property buyers and counting...
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79.8%
$4.2M
0.7%
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Try Picki for FREE-$200,000
-$136,450
-
Asking Price
$3,200,000
Estimated Purchase Price
$3,200,000
Stamp Duty
$188,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$320,000
Reg. Mortgage
$129
LMI Premium
$100,129
Renovation Costs
-
Total Cash/Equity Required
$613,620
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,584
$2,067
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
-$4,849
-$6,327
Interest Repayments
$190,080
$190,080
Net Cashflow Before Tax
-$194,929
-$196,407
Depreciation
-
-
Tax Offset
-$58,479
-$58,922
Net Cashflow After Tax
-$136,450
-$137,485
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Year 1
Year 10
Property Value
6.8%
$3,204,000
$5,792,070
Loan Balance
I.O
$2,880,000
$2,880,000
$324,000
$2,912,070
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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
