$460K
$71,750
"Offered as a whole or separately These 2 mostly cleared acreages of 6.88 Hectares 17 Acres and 5.16 Hectares 12.75 Acres respectively, offer postcard views to Mt Macedon and neighboring farmland. A rare offering in a highly sought after district, this hilltop sanctuary is around 10 minutes to Kyneton, 6 minutes from Malmsbury and only 90km 60 minutes from Melbourne Airport. The surrounding area has an exemplary reputation as a cool climate grape growing area, and for permaculture. The sunny north, east and west facing slopes present a viable viticulture option, as the region is well known for producing cool climate wines, having been reintroduced by Tom Lazar, formerly Virgin Hills vineyard, on Salisbury Road in 1968. Access from the sealed Honeysuckle Road Mains Power nearby The property would support a sustainable agricultural enterprise such as a vineyard, olive grove or stone fruit orchard or equally suitable for equine activities. Note the property is zoned Farming FZ and there is no As Of Right ability to build a dwelling on the property under the Macedon Ranges Shire Planning Scheme. A Planning Permit will be required, and we can give no guarantee that a Permit will be granted, notwithstanding there have been some recent planning approvals on similar size farmlets that were supported with an adequate Farm Management Plan. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
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85.5%
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$60,000
-$20,416
-
-
-28.4%
6.0%
Asking Price
$460,000
Estimated Purchase Price
$405,000
Stamp Duty
$19,370
Transfer Fee
$1,053
Conveyancing
$1,196
Deposit (10%)
$40,500
Reg. Mortgage
$129
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$71,751
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,843
$2,405
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
-$5,108
-$6,665
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$29,165
-$30,722
Depreciation
-
-
Tax Offset
-$8,750
-$9,217
Net Cashflow After Tax
-$20,416
-$21,505
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$364,500
$364,500
$132,120
$533,271
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price