$750K
$122,059
"Beautiful Glenrowan West Lifestyle property perfectly set on 10 acres. This brick home provides 4 bedrooms and 2 bathrooms with a generously proportioned open plan kitchen, living and dining space. The property features good natural light, high ceilings, wood burning heater and a full verandah. The primary bedroom is both sunlit and spacious providing a full ensuite with walk in robe. Three further guest bedrooms 2 3 have built in robes Beautifully set on an elevated site capturing panoramic valley views. The 10 acres is fully fenced into paddocks and access via the private driveway. Sufficient water storage with a total capacity of 126,000 litres via the 3 tanks, dam and irrigation to the gardens and lawns. Shedding is excellent 9m x 7.6m with concrete floor and power connected, along with secondary shedding for vehicles and wood storage. This is a fantastic opportunity for those seeking space and country living with a short distance between Wangaratta, Glenrowan town centre and Benalla. Please contact Danial Siperki at Harcourts Real Estate to arrange a private inspection on 0400027473."
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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
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
81.9%
-
-
-$370,000
-$25,293
2.3%
1.4%
-16.8%
6.0%
Asking Price
$750,000
Estimated Purchase Price
$805,000
Stamp Duty
$43,370
Transfer Fee
$1,989
Conveyancing
$1,196
Deposit (10%)
$80,500
Reg. Mortgage
$129
LMI Premium
$22,954
Renovation Costs
-
Total Cash/Equity Required
$150,687
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
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
$11,684
$17,236
Interest Repayments
$47,817
$47,817
Net Cashflow Before Tax
-$36,133
-$30,581
Depreciation
-
-
Tax Offset
-$10,840
-$9,174
Net Cashflow After Tax
-$25,293
-$21,407
Assumptions
Year 1
Year 10
Property Value
6.8%
$464,580
$839,850
Loan Balance
I.O
$724,500
$724,500
-$259,920
$115,350
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