Withheld
$124,922
"Lot 1 544 Acres Homestead Shedding Lot 2 450 Acres Lot 3 428 Acres Facing the Lower Norton Nurrabiel Road Located just a short 15 minutes drive from Horsham, Koringal offers 1422 acres as a whole or in 3 separate lots. With a 3 bedroom rendered brick homestead as a feature of this property comprising of 3 double bedrooms with WIR to their own ensuites, plus a 4th bedroom or study. A spacious modern kitchen and dining area with a separate family lounge, theatre room, 2nd lounge, extensive outdoor pergola and inground pool completes this entertainers package. Split system heating and cooling throughout with wood fire addition. A 3 stand shearing shed and steel sheep yards plus additional storage sheds, machinery shed 10mx24m and 3x 70T silos. Previously a deer farm, this property includes extensive deer fencing plus a complete harvestingsorting shed with cool rooms. Koringal, now predominately a cropping farm, still retains a laneway system, gwm water piped to troughs and catchment dams watering the entire property. Soil types range from good grey loamy soil to the odd buckshot rise, the undulation and shelter belts gives this farm the flexibility for a mixed farming enterprise. This is a must inspect property, call Stephen Kelly today 0457 481 594 Land is subject to lease ending 20th February 2025 For Sale By Expressions Of Interest Closing Thursday 3rd October 4pm at AWN Horsham office"
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Asking Price
-
Estimated Purchase Price
$770,000
Stamp Duty
$41,270
Transfer Fee
$1,908
Conveyancing
$1,196
Deposit (10%)
$77,000
Reg. Mortgage
$129
LMI Premium
$21,956
Renovation Costs
-
Total Cash/Equity Required
$144,008
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$2,015
$2,629
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
$19,678
$28,634
Interest Repayments
$45,738
$45,738
Net Cashflow Before Tax
-$26,060
-$17,104
Depreciation
-
-
Tax Offset
-$7,818
-$5,131
Net Cashflow After Tax
-$18,242
-$11,973
Assumptions
Year 1
Year 10
Property Value
6.8%
$833,040
$1,505,938
Loan Balance
I.O
$693,000
$693,000
$140,040
$812,938
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 8.0%
Accommodation and Food Services - 7.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price