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$375K
$74,517
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$460,000
Low
$440,000
Confidence
Medium
Explore a unique development opportunity with this unusual site, located on the long north side boundary adjacent to a laneway frontage on Reilly Ave. Envision a subdivision for up to 34 townhouses in the heart of Benalla, with dual access from Reilly Ave and the laneway. No easements or risk of inundation on title, making this a prime consideration for investors and developers.
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61.7%
$275K
7.6%
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Try Picki for FREE$10,000
-$8,181
4.8%
Asking Price
$400,000
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
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
$1,850
$2,414
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
$15,043
$22,018
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$11,687
-$4,712
Depreciation
-
-
Tax Offset
-$3,506
-$1,414
Net Cashflow After Tax
-$8,181
-$3,299
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Year 1
Year 10
Property Value
6.8%
$491,280
$888,117
Loan Balance
I.O
$405,000
$405,000
$86,280
$483,117
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
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
