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$1.28M
$234,939
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,300,000
Medium
$1,175,000
Low
$1,050,000
Confidence
Medium
This unique 50-acre property on the King River offers an ideal blend of peaceful living and practical farming potential. It features a cozy renovated three-bedroom bungalow, outbuildings for storage, and sealed road access. Positioned in the scenic King Valley food and wine region, it's perfect for those who appreciate local produce. The property includes rich loam soils suitable for various agricultural activities, double-fenced paddocks, and excellent water resources, with access to the King River. Located 16 kilometers from Wangaratta, it offers a rural lifestyle with easy access to urban amenities.
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 8.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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)
No data available
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
77.5%
-
-
Unlock Property Investment Scores
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Try Picki for FREE-$70,000
-$28,382
3.3%
Asking Price
$1,275,000
Estimated Purchase Price
$1,245,000
Stamp Duty
$68,475
Transfer Fee
$3,019
Conveyancing
$1,196
Deposit (10%)
$124,500
Reg. Mortgage
$129
LMI Premium
$38,957
Renovation Costs
-
Total Cash/Equity Required
$236,825
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,725
$2,251
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
$33,407
$48,140
Interest Repayments
$73,953
$73,953
Net Cashflow Before Tax
-$40,546
-$25,813
Depreciation
-
-
Tax Offset
-$12,164
-$7,744
Net Cashflow After Tax
-$28,382
-$18,069
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,254,900
$2,268,561
Loan Balance
I.O
$1,120,500
$1,120,500
$134,400
$1,148,061
