$625K
$116,334
"Being offer For Sale for the 1st time since 1932 by a family member of the original settlers. This property has the most exceptional views that one could ever wish for, and an inspection is a must if you are seeking an amazing outlook for your new home. All the necessary domestic services that are required are located nearby, via Battery Road that is the home to many substantial residences that have been recently established. The property is beautifully located close to the Rutherglen township and the twin cities of AlburyWodonga and all the necessary services ever required. Being offered For Sale by a motivated vendor, all genuine offers considered.. Contact Brian for your private and time friendly inspection appointment. Disclaimer All care has been taken in compiling these particulars, but the vendor and their agents do not guarantee the details and cannot accept responsibility for errors or misdescriptions if any. Intending purchasers should satisfy themselves as to the correctness of details. Property Code 2440"
-
83.6%
$635K
4.3%
-$140,000
-$17,633
3.0%
2.1%
-14.6%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$650,000
Stamp Duty
$34,070
Transfer Fee
$1,627
Conveyancing
$1,196
Deposit (10%)
$65,000
Reg. Mortgage
$129
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$121,105
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
$1,554
$2,028
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
$13,419
$19,671
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$25,191
-$18,939
Depreciation
-
-
Tax Offset
-$7,557
-$5,682
Net Cashflow After Tax
-$17,633
-$13,257
Assumptions
Year 1
Year 10
Property Value
6.8%
$544,680
$984,652
Loan Balance
I.O
$585,000
$585,000
-$40,320
$399,652
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Manufacturing - 22.0%
Agriculture, Forestry and Fishing - 11.0%
Health Care and Social Assistance - 10.0%
Retail Trade - 9.0%
Others - 48.0%
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