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$1.55M
$257,574
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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
Experience enchanting country living in this 10.3-acre property near Cherokee. Featuring a fairytale-inspired home with handcrafted mudbrick walls, this estate offers a semi-open plan kitchen, sunlit dining, and cozy gathering nooks. The master suite provides stunning views, while outdoor areas include English gardens and an orchard. Equestrian facilities boast paddocks, a sand arena, and a barn. Located near Riddells Creek and Melbourne Airport, it's the perfect blend of tranquility and convenience.
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81.9%
$1.41M
4.1%
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Try Picki for FREE-$85,000
-$38,045
2.7%
Asking Price
$1,550,000
Estimated Purchase Price
$1,435,000
Stamp Duty
$78,925
Transfer Fee
$3,464
Conveyancing
$1,196
Deposit (10%)
$143,500
Reg. Mortgage
$129
LMI Premium
$44,902
Renovation Costs
-
Total Cash/Equity Required
$272,665
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,843
$2,405
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
$30,889
$44,570
Interest Repayments
$85,239
$85,239
Net Cashflow Before Tax
-$54,350
-$40,669
Depreciation
-
-
Tax Offset
-$16,305
-$12,201
Net Cashflow After Tax
-$38,045
-$28,468
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,291,500
$1,291,500
$150,300
$1,314,931
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
