Withheld
$125,876
"Yes you heard it right 100 approx acres on flat land close to Clarkefield Station Township Zone. What a fantastic opportunity to own this amazing property. Massive future potential STCA with unlimited potential. Development plans in process near train station in Clarkefield. This country home consists of a generous sized living area, 3 bedrooms, one bathroom.This lovely home is complete with wood fire heating 7 mins Walking distance to Clarkefield Station. 50 mins approx. drive to Melbourne CBD. 20 Mins approx. to Melbourne Airport. Very close to major developments within Lancefield Road PSP like Moremac is developing Kingsfieldsunbury estate on Lancefield Road, and Villawood is developing Redstone Hill Estate. Power to the Property Tank water available Property fully fenced Fully Self Contained 3 bedrooms accommodation Bore water available multiple sheds on the property For further details please do not hesitate to contact Robbie 0430026650 Or Chintan 0430156361 Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Due Diligence Checklist httpwww.consumer.vic.gov.auduediligencechecklist"
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73.8%
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$10,000
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3.5%
2.5%
-12.7%
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Asking Price
-
Estimated Purchase Price
$740,000
Stamp Duty
$39,470
Transfer Fee
$1,837
Conveyancing
$1,196
Deposit (10%)
$74,000
Reg. Mortgage
$129
LMI Premium
$21,100
Renovation Costs
-
Total Cash/Equity Required
$138,282
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$18,890
$27,492
Interest Repayments
$43,956
$43,956
Net Cashflow Before Tax
-$25,066
-$16,464
Depreciation
-
-
Tax Offset
-$7,520
-$4,939
Net Cashflow After Tax
-$17,546
-$11,525
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$666,000
$666,000
$135,000
$782,017
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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