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$4.75M
$917,870
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Try Picki for FREEConfidence
Medium
High
$4,800,000
Medium
$4,500,000
Low
$4,200,000
Confidence
Not Found
Welcome to a historical working sheep farm in Mitchell, established in 1907 and managed by the Troiani family since 1977. This expansive 473-hectare or 1169-acre property includes six titles and twelve main paddocks, each well-served by quality dams. It's situated on two government road frontages and two unsealed roads, featuring Red Gum-lined Sandy Creek frontage with the potential to subdivide into 100-acre blocks, subject to council approval. The property boasts comprehensive farming infrastructure, including significant water resources, good fencing, comprehensive sheep holding and handling facilities, and reinforced machinery sheds. The four-bedroom main house is equipped with modern comforts, including air conditioning and fireplaces, with an operational capacity sustained by a dedicated transformer. This property offers both historical charm and functional utility for efficient farm management.
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81.8%
-
-
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Try Picki for FREE-$250,000
-$201,290
-
Asking Price
$4,750,000
Estimated Purchase Price
$4,750,000
Stamp Duty
$288,750
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$475,000
Reg. Mortgage
$129
LMI Premium
$148,629
Renovation Costs
-
Total Cash/Equity Required
$917,870
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$2,142
$2,795
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
-$5,407
-$7,055
Interest Repayments
$282,150
$282,150
Net Cashflow Before Tax
-$287,557
-$289,205
Depreciation
-
-
Tax Offset
-$86,267
-$86,761
Net Cashflow After Tax
-$201,290
-$202,443
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$4,806,000
$8,688,105
Loan Balance
I.O
$4,275,000
$4,275,000
$531,000
$4,413,105
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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Sold Price
Asking Price
