$500K
$85,584
"Discover the charm of country living with this delightful property, offering just over 34 of an acre of nearlevel, usable land. The home features 3 bedrooms and 1 bathroom, with an openplan layout that seamlessly integrates the living, dining, and kitchen areasperfect for family gatherings or relaxing evenings around wood heater. The property includes a generous lockup shed and carport, providing ample space for storage and vehicle protection. Enjoy the convenience of being within walking distance to the Reefton Hotel, McMahons Creek, and the Yarra River, offering plenty of opportunities for local exploration and enjoyment. For outdoor enthusiasts, the nearby State Forest Upper Yarra Dam invites you to explore its natural beauty. This affordable country retreat combines comfort, functionality, and a touch of adventureall at a great price. Dont miss out on this unique opportunity to experience the best of country living. FURTHER CONTACT By enquiring on or inspecting this property, you agree to receive further marketing information from us about other properties. To opt out of this, please contact our office on 5967 1800."
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
-
91.3%
-
-
$300,000
-$8,668
4.8%
3.4%
-10.0%
6.0%
Asking Price
$500,000
Estimated Purchase Price
$485,000
Stamp Duty
$24,170
Transfer Fee
$1,241
Conveyancing
$1,196
Deposit (10%)
$48,500
Reg. Mortgage
$129
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$86,507
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,907
$2,488
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
$16,426
$23,993
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$12,383
-$4,816
Depreciation
-
-
Tax Offset
-$3,715
-$1,445
Net Cashflow After Tax
-$8,668
-$3,371
Assumptions
Year 1
Year 10
Property Value
6.8%
$838,380
$1,515,592
Loan Balance
I.O
$436,500
$436,500
$401,880
$1,079,092
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