$590K
$123,968
"Excellent cattle country or recreational block NOTE THIS IS LOT 1 OF 2 FOR SALE Details at the bottom Nestled on a private 36acre property located 8 km to Yackandandah and 26 to AlburyWodonga, this property is a rare parcel of Allans Flat country that has run beef cattle and presents a wonderful opportunity to start a small farm, Equine property or the ultimate family recreational block the kids will love it Scholz will also appeal to those looking for a productive escape or a handy supplementary property add on to an existing holding, situated in the 850mm rainfall zone and consists of gentle undulating red and brown loam soil. The property consists of lush pastures of perennial Phalaris and is subdivided into two paddocks, plus a laneway. The main features include 14.53 ha 36 Acres Total Spring fed well reticulated to one concrete trough Power available along Scholz road High rainfall district. approx. 850 mm Excellent access with dual road frontage Fertiliser history including single super and lime Excellent fencing with a mix of new and some older fencing. Incredible 360degree views and only 20 min to AlburyWodonga. Allans Flat water hole and rec reserve just down the road Farming zone may allow a shed to be built STCA NO BUILDING ENTITLEMENT for permanent dwelling on Lot 1 This presents a fantastic opportunity to add to your current holdings or create a private getaway offering the perfect escape from the hustle and bustle of town. Properties of this size and location are hard to find, and Scholz Allans Flat will not disappoint. PLEASE NOTE Lot 1 of 2 lots for sale. There is an option to purchase a further 25 acres 61 acres total on three titles with a building entitlement for a permanent dwelling. Details contained in the Information Memorandum Contact Billy Jones 0438 454 950 Nutrien Harcourts Albury Rural Peter Ruaro 0447 600 825 Rodwells Wodonga"
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97.7%
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$50,000
-$20,271
3.0%
2.2%
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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
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,554
$2,028
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
$16,779
$24,453
Interest Repayments
$45,738
$45,738
Net Cashflow Before Tax
-$28,959
-$21,285
Depreciation
-
-
Tax Offset
-$8,688
-$6,385
Net Cashflow After Tax
-$20,271
-$14,899
Assumptions
Year 1
Year 10
Property Value
6.8%
$875,760
$1,583,166
Loan Balance
I.O
$693,000
$693,000
$182,760
$890,166
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2021 Population
Suburbs
Manufacturing - 22.0%
Agriculture, Forestry and Fishing - 11.0%
Health Care and Social Assistance - 10.0%
Retail Trade - 9.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price