$649K
$108,700
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High
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Medium
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Low
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Confidence
This charming property located near Clunes offers a blend of rural tranquillity and modern convenience. Spanning 4.08 acres, it includes two fenced paddocks, a storage shed, a two-car garage, and features solar power with a 5kw battery. The north-facing home has three bedrooms with built-in storage, and an open-plan living area with a wood heater and split system. The wraparound veranda and automatic watering system enhance the exterior's picturesque setting. Ideal for hobby farming or a serene lifestyle, this property is a must-see for those seeking a rural escape.
Trusted by over 13k property buyers and counting...
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82.9%
$631K
3.7%
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Try Picki for FREE$20,000
-$14,219
3.6%
Asking Price
$649,000
Estimated Purchase Price
$600,000
Stamp Duty
$31,070
Transfer Fee
$1,510
Conveyancing
$1,196
Deposit (10%)
$60,000
Reg. Mortgage
$129
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$111,562
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,566
$2,043
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
$15,327
$22,388
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$20,313
-$13,252
Depreciation
-
-
Tax Offset
-$6,094
-$3,976
Net Cashflow After Tax
-$14,219
-$9,276
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$540,000
$540,000
$122,160
$657,028
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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