$730K
$122,059
"Welcome to 354 Crera Road offers a unique opportunity for mixed farming enthusiasts to own a 69acre property with a full suite of amenities. This acreagesemirural listing features a central laneway system and is well laid out for irrigation. The main dwelling, poised for modernization, boasts five generous bedrooms and two bathrooms. The kitchen is equipped with a gas cooktop and electric oven, while the expansive rumpus room provides ample space for entertainment. Comfort is assured yearround with wood fire heating, evaporative cooling, and split systems. The broad verandah and carport area offer additional outdoor living and sheltered parking. A secondary threebedroom home with a study awaits a fresh touch, ideal for guests or as a rental prospect. The property also houses a sixaside dairy complete with yards, a crush, and a loading ramp, not to mention a sizeable hay shed and a sixbay machinery shed. Water access is secure with a GMW outlet, a delivery share of 1.35, and an allocation of 2 megs of HighReliability Water Share. Contact Simon Quarrell or Darren Scott for more information."
Below are some similar properties in the area you may be interested in.
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69%
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-$565,000
-$23,124
1.9%
1.1%
-18.4%
6.0%
Asking Price
$730,000
Estimated Purchase Price
$675,000
Stamp Duty
$35,570
Transfer Fee
$1,685
Conveyancing
$1,196
Deposit (10%)
$67,500
Reg. Mortgage
$129
LMI Premium
$19,247
Renovation Costs
-
Total Cash/Equity Required
$125,876
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$13,000
$18,503
Property Management
+7.7% PA
$1,001
$1,425
Rates
+3.0% PA
$1,673
$2,183
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
$7,061
$10,635
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$33,034
-$29,460
Depreciation
-
-
Tax Offset
-$9,910
-$8,838
Net Cashflow After Tax
-$23,124
-$20,622
Assumptions
Year 1
Year 10
Property Value
6.8%
$117,480
$212,376
Loan Balance
I.O
$607,500
$607,500
-$490,020
-$395,124
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 14.0%
Retail Trade - 11.0%
Health Care and Social Assistance - 11.0%
Others - 45.0%
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