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$399K
$70,828
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$460,000
Medium
$420,000
Low
$380,000
Confidence
Medium
This charming two-bedroom cottage sits on six acres of Township Zone Land in Springhurst, ideally located between Wangaratta, Rutherglen, and AlburyWodonga. The property features electric hot water, refrigerated cooling, wood heating, and a 5kW solar system. It offers ample external storage with multiple sheds and an undercover outdoor area. The land, fitted with mains water, septic, and rainwater storage, boasts strong fencing and a productive Lucerne crop. A dam provides stock water, and the acreage can support livestock. Potential for subdivision exists, making it a smart investment or a spacious retreat.
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83.6%
$615K
5.5%
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Try Picki for FREE$20,000
-$8,366
4.5%
Asking Price
$399,000
Estimated Purchase Price
$400,000
Stamp Duty
$19,070
Transfer Fee
$1,042
Conveyancing
$1,196
Deposit (10%)
$40,000
Reg. Mortgage
$129
LMI Premium
$8,842
Renovation Costs
-
Total Cash/Equity Required
$70,829
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
$1,725
$2,251
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
$11,809
$17,399
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
-$11,951
-$6,361
Depreciation
-
-
Tax Offset
-$3,585
-$1,908
Net Cashflow After Tax
-$8,366
-$4,453
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$360,000
$360,000
$88,560
$450,890
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 8.0%
Others - 52.0%
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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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
