$735K
$154,505
"Situated on a 50 acre allotment that offers a pleasing mix of cleared and lightly timbered areas this property is improved with a comfortable ranch style home which was constructed in 1988. Accommodating three double bedrooms all with ceiling fans separate formal lounge and a spacious and well appointed timber kitchen with electric appliances. A central bathroom features a separate shower bath and the home offers both slow combustion wood heating, ducted evaporative cooling and ceiling fans throughout. The home has two metre front and a enclosed North facing rear verandah. Highly improved the property features a 40 x 25 shed which is connected to mains power and a number of smaller storage sheds amid established gardens. There is plenty of stockwater with four well sited catchment dams and abundant household water is delivered by four concrete tanks. Offering enormous potential for further improvement, this is a rare opportunity to acquire a significant lifestyle property in a well regarded and convenient location within 10 minutes of Avoca and 2 hours of Melbourne. Call today to arrange your private viewing."
-
70.5%
-
-
$155,000
-$11,561
4.8%
3.8%
-8.1%
6.0%
Asking Price
$735,000
Estimated Purchase Price
$765,000
Stamp Duty
$40,970
Transfer Fee
$1,896
Conveyancing
$1,196
Deposit (10%)
$76,500
Reg. Mortgage
$129
LMI Premium
$21,813
Renovation Costs
-
Total Cash/Equity Required
$143,053
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$36,400
$51,809
Property Management
+7.7% PA
$2,803
$3,989
Rates
+3.0% PA
$1,407
$1,836
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
$28,925
$41,723
Interest Repayments
$45,441
$45,441
Net Cashflow Before Tax
-$16,516
-$3,718
Depreciation
-
-
Tax Offset
-$4,955
-$1,115
Net Cashflow After Tax
-$11,561
-$2,602
Assumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$688,500
$688,500
$294,060
$1,087,735
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 28.0%
Public Administration and Safety - 14.0%
Manufacturing - 8.0%
Health Care and Social Assistance - 8.0%
Others - 42.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price