$3M
$500,753
"Available to an astute developer or investor is this Beaconsfield residential development land with subdivision potential, offering a great investment opportunity. With Land Size Approx.10,100m2 with a price location just metres off Princes highway and within minutes to freeway entrance. Walk to everything the bustling suburb offers with the train station, prestigious private and public schools, Casey hospital. This site is perfect for variety of uses and with a current blank canvas you can design to your requirements. Main Features Approx. 750m to Beaconsfield Train Station Approx. 1.3 Km to Beaconsfield Shopping Plaza Approx. 3.8 Km to Berwick Central Schools St Francis Xavier College Beaconsfeild Primary School Maranatha Christian School Haileybury College Officer Primary School Nossal High School Beaconhills College Contact Michael Panayi 0413 204 342 or Zolton Milani 0400 755 644"
Below are some similar properties in the area you may be interested in.
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86.6%
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$125,000
-$72,314
2.4%
2.0%
-14.4%
6.0%
Asking Price
$3,000,000
Estimated Purchase Price
$2,625,000
Stamp Duty
$150,625
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$262,500
Reg. Mortgage
$129
LMI Premium
$82,137
Renovation Costs
-
Total Cash/Equity Required
$500,753
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,711
$2,232
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
$52,619
$75,483
Interest Repayments
$155,925
$155,925
Net Cashflow Before Tax
-$103,306
-$80,442
Depreciation
-
-
Tax Offset
-$30,992
-$24,132
Net Cashflow After Tax
-$72,314
-$56,309
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,937,000
$5,309,397
Loan Balance
I.O
$2,362,500
$2,362,500
$574,500
$2,946,897
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 13.0%
Construction - 13.0%
Education and Training - 11.0%
Health Care and Social Assistance - 10.0%
Others - 53.0%
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