$1.3M
$278,324
"Bloom Estate Agents is proud to present this beautiful parcel of 47 acres Approx. of vacant land in the popular and evergrowing suburb of Clarkefield. Land is suitable for various purposes from building a dream home to grazing and farm activities. Natural flowing creek passing through the property and panoramic stunning views. Very close to Melbourne Airport, within proximity to Clarkefield Railway Station, approx.50 minutes drive to Melbourne CBD 20 minutes to surrounding suburb of Sunbury, Riddles creek and Romsey. Location Highlights 9 minutes approx. to Clarkefield Train Station. 19 minutes approx..to Sunbury Town Centre. 24 minutes approx. to Melbourne Airport. Suitable to land bankers, life stylers and investors. If you are interested and wish to discuss the property further, please contact Sandeep 0425289844 and a private inspection can be arranged. Vendors will consider genuine offers with negotiable settlement terms. This is an opportunity not to be missed. Photo Identification is required. Please see the below link for an uptodate copy of the Due Diligence Check List httpwww.consumer.vic.gov.auduediligencechecklist. DISCLAIMER All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent."
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
-
73.8%
$750K
4.3%
-$515,000
-$49,372
1.6%
1.1%
-17.7%
6.0%
Asking Price
$1,300,000
Estimated Purchase Price
$1,465,000
Stamp Duty
$80,575
Transfer Fee
$3,534
Conveyancing
$1,196
Deposit (10%)
$146,500
Reg. Mortgage
$129
LMI Premium
$45,840
Renovation Costs
-
Total Cash/Equity Required
$278,324
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
$1,843
$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
$16,490
$24,076
Interest Repayments
$87,021
$87,021
Net Cashflow Before Tax
-$70,531
-$62,945
Depreciation
-
-
Tax Offset
-$21,159
-$18,883
Net Cashflow After Tax
-$49,372
-$44,061
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$1,318,500
$1,318,500
-$303,900
$515,655
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