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$2.3M
$482,105
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$2,600,000
Medium
$2,200,000
Low
$1,800,000
Confidence
Not Found
Welcome to 238 Pettifers Road, Edi Upper: a 160-acre productive haven in King Valley's renowned food and wine region. The property includes two cozy homes amidst parklike gardens with established trees, ideal for dual living or guest stays. Built in the 1960s and renovated 20 years ago, Home 1 features three bedrooms, a butler's pantry, and a wood heater. Home 2, from the 1980s, offers two bedrooms, a Nectre wood stove, and energy-efficient solar hot water. The land boasts rich red loam soil, abundant water resources including a 4-meg water right, dams, and bore, all suitable for diverse agricultural pursuits. With established pastures, premium soil, and comprehensive infrastructure such as a hay shed and cattle yards, this property is a rare opportunity for lifestyle farming.
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85.3%
-
-
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Try Picki for FREE-$330,000
-$108,690
-
Asking Price
$2,300,000
Estimated Purchase Price
$2,530,000
Stamp Duty
$144,450
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$253,000
Reg. Mortgage
$129
LMI Premium
$79,165
Renovation Costs
-
Total Cash/Equity Required
$482,105
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,990
-$6,511
Interest Repayments
$150,282
$150,282
Net Cashflow Before Tax
-$155,272
-$156,793
Depreciation
-
-
Tax Offset
-$46,582
-$47,038
Net Cashflow After Tax
-$108,690
-$109,755
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,349,600
$4,247,518
Loan Balance
I.O
$2,277,000
$2,277,000
$72,600
$1,970,518
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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...
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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)
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Sold Price
Asking Price
