$2.4M
$473,272
"Some say the hills are alive with the sound of Birds the bees, flower the trees, the moon up above a thing called Ahhhhhhh Peace tranquillity. An amazing opportunity to purchase a 100 acre allotments approx. located within a quite accessible and a great investment opportunity for owners and land bankers. This property is perfect for agricultural activities with productive pasture, exceptional, heavy duty, steel cattle yards with shelter and water. Currently utilised for grazing the property is also ideally suited to equestrian pursuits. In a prime location close to Darraweit Guim village, primary school, secondary school bus routes, minutes from Clarkefield, VLine link and Hume Highway. This presents an opportunity to purchase a productive businesslifestyle property with the ability to build STCA or land banking opportunity for the astute investor. Accommodation consists of 4 bedrooms with builtin robes, master bedroom with ensuite, updated kitchen, open plan lounge dining, seperate central bathroom, only 1 hour drive to Melbourne CBD, 15 mins to Wallan shopping facilities, 30 mins drive to Sunbury 30 mins drive to Melbourne Airport. To discuss this opportunity, contact Omar Morsi now DISCLAIMER Every precaution has been taken to establish the accuracy of the above information, but it does not constitute any representation by the vendor or agent"
Below are some similar properties in the area you may be interested in.
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90.4%
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-$1,545,000
-$105,655
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-22.6%
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Asking Price
$2,400,000
Estimated Purchase Price
$2,455,000
Stamp Duty
$139,575
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$245,500
Reg. Mortgage
$129
LMI Premium
$76,818
Renovation Costs
-
Total Cash/Equity Required
$467,383
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
$145,827
$145,827
Net Cashflow Before Tax
-$150,935
-$152,492
Depreciation
-
-
Tax Offset
-$45,281
-$45,748
Net Cashflow After Tax
-$105,655
-$106,744
Assumptions
Year 1
Year 10
Property Value
6.8%
$971,880
$1,756,928
Loan Balance
I.O
$2,209,500
$2,209,500
-$1,237,620
-$452,572
Did you know you need to engage a conveyancer when buying a property?
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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