Withheld
$125,876
"Raine Horne Land Victoria is delighted to offer sale of 19.89 acres approx Prime Land in the evergrowing popular suburb of Clarkefield. An exclusive 19.89 acres in RLZ property with fabulous lifestyle destination or an income earning potential with huge frontage on Lancefield road. The property consists of comfortable fourbedroom house with Multiple sheds and stables with 100K litres of water storage. The property offers outstanding views and next to Clarkefield station. This 20 Acres is very close to development and 2 mins walking distance to Clarkefield station which will have a major upgrade in futureSunbury Clarkefield electrification, Melbourne Airport to Clarkefield link Bendigo line connection, Clarkefield interchange. So, this property has a huge potential for development or sub division into smaller lots STCA in future. This property can generate a good rental income as its on Lancefield road and close to all major developments. Kingsfield estate has started 300 Acres of development very close to this property. It can be used for small scale business STCA. Property Features 19.89 acres in RURAL LIVING ZONE 4 Bedrooms and 2 Bathrooms house on property 4 Minute to Bolinda Primary School 3 Minutes to Romsey Airport 2 Minutes to Clarkefield Railway Station 7 Minutes to Riddells Creek Railway Station 11 Minutes to Romsey Primary School 13 Minutes to Sunbury Railway Station 13 Minutes to Sunbury Square Shopping Centre 23 Minutes to Melbourne Airport 50 Minutes to Melbourne CBD Call Kevin Paghdar on 61 426 510 510 Or Sagar Bhaliya on 61 426 992 493 today for further enquiries. 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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$45,000
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3.3%
2.3%
-13.5%
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Asking Price
-
Estimated Purchase Price
$705,000
Stamp Duty
$37,370
Transfer Fee
$1,755
Conveyancing
$1,196
Deposit (10%)
$70,500
Reg. Mortgage
$129
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$131,602
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,490
$24,076
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$25,387
-$17,801
Depreciation
-
-
Tax Offset
-$7,616
-$5,340
Net Cashflow After Tax
-$17,771
-$12,461
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$634,500
$634,500
$166,500
$813,517
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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