$500K
-
Confidence
High
High
$560,000
Medium
$520,000
Low
$480,000
Confidence
Medium
"Attention buyers looking to purchase a rare entry level acreage property with great potential to renovate and establish your dream lifestyle property we think we may have found it Situated in the peaceful and picturesque Shelbourne, located only a short 15 minute drive to the Kangaroo Flat town centre or an ideal 25 minute drive to the Bendigo CBD this acreage property still offers ideal accessibility to the best of the Bendigo regions amenities. The original three bedroom, one bathroom brick home presents in need of a bit of love but would be an ideal renovation project. With solid bones, a practical floor plan and well sized proportions throughout it offers an abundance of potential for an array of different buyers to add significant value and bring their dream renovationhome to life. Set on 13 acres the property is ideal for those looking for space for pets, livestock or kids alike. A great property to establish a hobby farm or just enjoy the rural lifestyle and some peace and quiet. Additional features of the property include large shed and damn. A unique and rare opportunity for savvy buyers to secure a great value acreage property, vendors instructions are the property must be sold any interest inquire today"
-
83.2%
-
-
$10,000
-$9,570
4.6%
3.3%
-10.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$500,000
Estimated Purchase Price
$510,000
Stamp Duty
$25,670
Transfer Fee
$1,299
Conveyancing
$1,196
Deposit (10%)
$51,000
Reg. Mortgage
$129
LMI Premium
$11,274
Renovation Costs
-
Total Cash/Equity Required
$91,118
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
$1,710
$2,231
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
$16,623
$24,250
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$13,671
-$6,044
Depreciation
-
-
Tax Offset
-$4,101
-$1,813
Net Cashflow After Tax
-$9,570
-$4,231
Assumptions
Year 1
Year 10
Property Value
6.8%
$555,360
$1,003,959
Loan Balance
I.O
$459,000
$459,000
$96,360
$544,959
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price