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$1.78M
$379,053
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Try Picki for FREEConfidence
High
High
$1,800,000
Medium
$1,700,000
Low
$1,600,000
Confidence
Medium
Discover a remarkable opportunity with this lush property featuring vineyard and homestead 15 minutes from the city and near Bellarine Peninsula's attractions. Lovingly maintained by one family for 35 years, the property offers privacy and tranquility with a timeless façade and wrap-around veranda. Inside, you'll find spacious formal and family areas, exposed brick, and quality timber from the original Corio Whiskey distillery. The well-equipped kitchen and outdoor alfresco with BBQ facilities make entertaining easy. With three bedrooms, including a master suite, and ample outdoor space featuring additional facilities for vineyard production, this unique acreage combines country serenity with city conveniences.
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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Trusted by over 13,000 property buyers and counting...
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
0%
76.2%
$248K
12.2%
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Try Picki for FREE-$305,000
-$68,297
1.4%
Asking Price
$1,780,000
Estimated Purchase Price
$2,005,000
Stamp Duty
$110,325
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$200,500
Reg. Mortgage
$129
LMI Premium
$62,737
Renovation Costs
-
Total Cash/Equity Required
$379,053
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,603
$2,092
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
$21,530
$31,221
Interest Repayments
$119,097
$119,097
Net Cashflow Before Tax
-$97,567
-$87,876
Depreciation
-
-
Tax Offset
-$29,270
-$26,363
Net Cashflow After Tax
-$68,297
-$61,513
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,815,600
$3,282,173
Loan Balance
I.O
$1,804,500
$1,804,500
$11,100
$1,477,673
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