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$2.5M
$475,235
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Try Picki for FREEConfidence
High
High
$2,800,000
Medium
$2,500,000
Low
$2,200,000
Confidence
Not Found
Bangalore Park, a 389-acre farm, combines historical charm with modern amenities. Located just 15 kms from Benalla, the property boasts a picturesque homestead built in 1919. With four bedrooms and two baths, the home features high ceilings, colonial Indian architecture, and contemporary conveniences like five split system units. The expansive land includes gardens, a bungalow for flexible use, and well-equipped facilities for livestock operations. With 7 paddocks, 7 dams, and historical stables, Bangalore Park offers a unique blend of history and possibility.
Below are some similar properties in the area you may be interested in.
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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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projected
for 2024 to 2026
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
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84.7%
$890K
2.2%
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Try Picki for FREE-$300,000
-$120,005
-
Asking Price
$2,800,000
Estimated Purchase Price
$2,800,000
Stamp Duty
$162,000
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$280,000
Reg. Mortgage
$129
LMI Premium
$87,613
Renovation Costs
-
Total Cash/Equity Required
$535,104
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,115
-$6,674
Interest Repayments
$166,320
$166,320
Net Cashflow Before Tax
-$171,435
-$172,994
Depreciation
-
-
Tax Offset
-$51,431
-$51,898
Net Cashflow After Tax
-$120,005
-$121,096
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Year 1
Year 10
Property Value
6.8%
$2,670,000
$4,826,725
Loan Balance
I.O
$2,520,000
$2,520,000
$150,000
$2,306,725
