$400K
$70,828
"This parcel offers a pristine 8.3ha approx. 20.51 acres farmlet boasting picturesque country vistas. Currently zoned for farming, it is not anticipated to be rezoned for residential use in the near future. Adjacent rural properties benefit from bore access, indicating the potential for sustainable agricultural endeavours such as cultivating olive groves, stone fruit orchards or engaging in equine activities. Neighbouring properties enjoy productive cool climate grape cultivation. Located a mere 6 minutes from the Kyneton town centre, this property is ideally positioned for farmers seeking to expand their land holdings or integrate it into their existing operations. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
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93.2%
-
-
$2,200,000
+
19.5%
16.7%
42.6%
6.0%
Asking Price
$400,000
Estimated Purchase Price
$400,000
Stamp Duty
$19,070
Transfer Fee
$1,042
Conveyancing
$1,196
Deposit (10%)
$40,000
Reg. Mortgage
$129
LMI Premium
$8,842
Renovation Costs
-
Total Cash/Equity Required
$70,829
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
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
$66,886
$95,805
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
$43,126
$72,045
Depreciation
-
-
Tax Offset
$12,938
$21,614
Net Cashflow After Tax
$30,188
$50,432
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,776,800
$5,019,794
Loan Balance
I.O
$360,000
$360,000
$2,416,800
$4,659,794
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
Average Days of Supply