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$1.48M
$280,210
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,060,000
Medium
$940,000
Low
$820,000
Confidence
Not Applicable
This remarkable 117-acre property set in the picturesque hills of Upper Lurg offers breathtaking, uninterrupted views of the Greta Valley. Currently utilized for breeding sheep and cattle, the east-facing slopes provide natural weather protection, making it ideal for potential olive or grape cultivation. Strategic shelter belts, an excellent water supply from five dams, and a reliable spring enhance its agricultural prospects. The property is characterized by robust boundary fencing and fertile soil. Conveniently located just over 20 minutes from Benalla and Wangaratta, this rural haven promises access to essential facilities and services. An optional adjoining 143.2-acre plot is available for purchase, offering additional land to suit buyers' needs.
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
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)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
0%
86.2%
-
-
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Try Picki for FREE-$535,000
-$64,911
-
Asking Price
$1,475,000
Estimated Purchase Price
$1,475,000
Stamp Duty
$81,125
Transfer Fee
$3,557
Conveyancing
$1,196
Deposit (10%)
$147,500
Reg. Mortgage
$129
LMI Premium
$46,153
Renovation Costs
-
Total Cash/Equity Required
$280,210
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,850
$2,414
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
-$5,115
-$6,674
Interest Repayments
$87,615
$87,615
Net Cashflow Before Tax
-$92,730
-$94,289
Depreciation
-
-
Tax Offset
-$27,819
-$28,287
Net Cashflow After Tax
-$64,911
-$66,002
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,003,920
$1,814,849
Loan Balance
I.O
$1,327,500
$1,327,500
-$323,580
$487,349
