$650K
$121,105
"When opportunity awaits... This beautiful, private and impressive 1 acre allotment gifts you with serene surrounds as the basis to build upon. You can own the dream, waking up in the picturesque suburb of Wesburn, with nature reserve and Britannia Creek providing the perfect backdrop and setting for ultimate relaxation. Offering a rare opportunity to build your dream home STCA on over an acre, the land is situated in a peaceful part of the Yarra Valley, that seemlessly integrates tranquillity with convenience. Close to many local amenities including schools, Wesburn Park, LilydaleWarburton Rail Trail, wineries, and culinary hotspots such as, the Flying Apron Patisserie, Mill House Fromagerie, Fill Good and Artisan Baker. Only a short drive will see you connected to Warburtons vibrant community which attracts so many to visit all year round. Whether youre wanting to establish your forever family home or looking to escape the hum drum of the suburbs with a home away from home, you will be sure to appreciate the lifestyle that can be intertwined with this property. Call Property Partners today to arrange a private viewing. Please note All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office."
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90.9%
-
-
$75,000
-$30,647
-
-
-25.3%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$650,000
Stamp Duty
$34,070
Transfer Fee
$1,627
Conveyancing
$1,196
Deposit (10%)
$65,000
Reg. Mortgage
$129
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$121,105
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,907
$2,488
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
-$5,172
-$6,748
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$43,782
-$45,358
Depreciation
-
-
Tax Offset
-$13,135
-$13,607
Net Cashflow After Tax
-$30,647
-$31,751
Assumptions
Year 1
Year 10
Property Value
6.8%
$774,300
$1,399,750
Loan Balance
I.O
$585,000
$585,000
$189,300
$814,750
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply