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$1.05M
$224,564
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,400,000
Medium
$1,250,000
Low
$1,100,000
Confidence
Medium
This 51.2 acre property features a prime corner location with dual road frontage on Factory and Heads Roads, bordered by the Lang Lang River to the south. Known for its fertile soils, it's perfect for grazing or other agricultural activities, supported by a water pumping permit from the river. The land is flat, easy to access, and divided into four paddocks, with prospective house sites available subject to council approval. It's conveniently located just 10 minutes from Lang Lang and 20 minutes from Pakenham and the M1 freeway.
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72.6%
-
-
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Try Picki for FREE-$95,000
-$9,013
5.8%
Asking Price
$1,250,000
Estimated Purchase Price
$1,345,000
Stamp Duty
$73,975
Transfer Fee
$3,253
Conveyancing
$1,196
Deposit (10%)
$134,500
Reg. Mortgage
$129
LMI Premium
$42,086
Renovation Costs
-
Total Cash/Equity Required
$255,688
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
Rates
+3.0% PA
$1,711
$2,232
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
$67,018
$95,977
Interest Repayments
$79,893
$79,893
Net Cashflow Before Tax
-$12,875
$16,084
Depreciation
-
-
Tax Offset
-$3,863
$4,825
Net Cashflow After Tax
-$9,013
$11,259
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$1,210,500
$1,210,500
$124,500
$1,202,862
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 13.0%
Construction - 13.0%
Education and Training - 11.0%
Health Care and Social Assistance - 10.0%
Others - 53.0%
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
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
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