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$4.58M
$995,405
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$4,950,000
Medium
$4,575,000
Low
$4,200,000
Confidence
Medium
This extraordinary estate, held by a single family for over a century, offers a unique opportunity to acquire a vast land parcel with precious Broken River frontage. With a prime location, just minutes from Lake Nillahcootie and near Mansfield, the property is a blank canvas, tantalizingly underdeveloped and ripe for transformation. Potential uses include viticulture, livestock, equestrian enterprises, or rural subdivision subject to council approval. With infrastructure such as power available and multiple possible home sites overlooking stunning vistas, the possibilities are boundless. The property is part of a deceased estate and is poised for sale.
Trusted by over 13k property buyers and counting...
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84.7%
$890K
2.2%
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Try Picki for FREE-$570,000
-$133,517
2.5%
Asking Price
$4,575,000
Estimated Purchase Price
$5,145,000
Stamp Duty
$314,425
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$514,500
Reg. Mortgage
$129
LMI Premium
$160,989
Renovation Costs
-
Total Cash/Equity Required
$995,405
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$130,000
$185,031
Property Management
+7.7% PA
$10,010
$14,247
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
$114,875
$164,109
Interest Repayments
$305,613
$305,613
Net Cashflow Before Tax
-$190,738
-$141,504
Depreciation
-
-
Tax Offset
-$57,221
-$42,451
Net Cashflow After Tax
-$133,517
-$99,053
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$4,886,100
$8,832,906
Loan Balance
I.O
$4,630,500
$4,630,500
$255,600
$4,202,406
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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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
