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$460K
$71,750
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High
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Medium
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Low
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Confidence
Sullivans Cottage, a historic gem near Daylesford, dates back to 1870 and has intriguing links to the American Civil War. Located in the once-vibrant goldmining settlement of Eganstown, this charming two-bedroom cottage boasts historical significance and untapped potential. Adjoining Crown land, with a nearby creek, it offers peaceful surroundings on a 2860 square meter plot. The cottage features basic amenities, including a sitting room with a fireplace, bathroom, and kitchen. Renovated in 2001, it marks promise for further enhancement and expansion, subject to council approval (STCA).
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85.2%
$615K
3.3%
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Try Picki for FREE-$30,000
-$10,573
4.1%
Asking Price
$520,000
Estimated Purchase Price
$480,000
Stamp Duty
$23,870
Transfer Fee
$1,229
Conveyancing
$1,196
Deposit (10%)
$48,000
Reg. Mortgage
$129
LMI Premium
$10,611
Renovation Costs
-
Total Cash/Equity Required
$85,584
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,566
$2,043
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
$13,407
$19,656
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$15,105
-$8,856
Depreciation
-
-
Tax Offset
-$4,531
-$2,657
Net Cashflow After Tax
-$10,573
-$6,199
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Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$432,000
$432,000
$48,600
$436,810
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2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
