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$2.95M
$506,642
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$3,100,000
Medium
$2,800,000
Low
$2,500,000
Confidence
Medium
Morris Bros presents a hidden gem: 471 acres of grazing land at Eleven Mile Creek Road, Glenrowan West. This property boasts a stunning sheltered landscape with a rich history of productivity. It stretches over 190.7 hectares, offering frontage on both Eleven Mile Creek Road and Greta-Glenrowan West Road. The land, well-fenced and supplied with water from eight dams, is divided into thirteen main paddocks. Native grasses and shade timber provide a balanced grazing environment. With northeast drainage, the topography includes gentle slopes and undulating rises, enhancing its potential. Conveniently located near Wangaratta, Benalla, and Winton, this property is poised for improvement and success.
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93.2%
-
-
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Try Picki for FREE$70,000
-$66,698
2.9%
Asking Price
$2,950,000
Estimated Purchase Price
$2,730,000
Stamp Duty
$157,450
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$273,000
Reg. Mortgage
$129
LMI Premium
$85,423
Renovation Costs
-
Total Cash/Equity Required
$521,363
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
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
$66,879
$95,796
Interest Repayments
$162,162
$162,162
Net Cashflow Before Tax
-$95,283
-$66,366
Depreciation
-
-
Tax Offset
-$28,585
-$19,910
Net Cashflow After Tax
-$66,698
-$46,456
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$2,990,400
$5,405,932
Loan Balance
I.O
$2,457,000
$2,457,000
$533,400
$2,948,932
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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...
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projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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