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$730K
$153,550
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Try Picki for FREEConfidence
High
High
$680,000
Medium
$650,000
Low
$620,000
Confidence
Medium
Located in Lyonville, 65 minutes from Melbourne, this rustic cabin sits on a 1,011 m2 block. The two-level home is illuminated with natural light, offering breathtaking views and fresh airs from Wombat Forest. The open-plan living area boasts a timber-lined cathedral ceiling and a large kitchen with stainless steel appliances. There are two upper-level bedrooms, a study area, a family bathroom with separate shower and bath, and a laundry room. Decking surrounds the home on three sides, featuring a covered deck off the living room. The lower level includes a garage, workshop, studio, and storage. Proximity to local amenities like Radio Springs Hotel and walking trails enhance the allure of this modern country retreat, providing contemporary living in a vibrant regional setting.
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86.3%
$785K
3%
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Try Picki for FREE-$135,000
-$23,255
2.5%
Asking Price
$730,000
Estimated Purchase Price
$785,000
Stamp Duty
$42,170
Transfer Fee
$1,943
Conveyancing
$1,196
Deposit (10%)
$78,500
Reg. Mortgage
$129
LMI Premium
$22,383
Renovation Costs
-
Total Cash/Equity Required
$146,870
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,566
$2,043
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
$13,407
$19,656
Interest Repayments
$46,629
$46,629
Net Cashflow Before Tax
-$33,222
-$26,973
Depreciation
-
-
Tax Offset
-$9,966
-$8,092
Net Cashflow After Tax
-$23,255
-$18,881
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Year 1
Year 10
Property Value
6.8%
$694,200
$1,254,948
Loan Balance
I.O
$706,500
$706,500
-$12,300
$548,448
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
