New Gisborne, Vic
Macedon Ranges (S)
0
0
0
residential land
First listed on 24/06/2024
Current Asking Price
Target Purchase Price:$430,000
Market Appraised Value
High Confidence
Market Appraised Rent
Cash Required
Ken Grech
None
91.7%
$1.39M
2.6%
$0
-$6,067
5.5%
3.9%
-8.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow are some similar properties in the area you may be interested in.
Asking Price
$700,000
Estimated Purchase Price
$755,000
Stamp Duty
$40,370
Transfer Fee
$1,872
Conveyancing
$1,196
Deposit (10%)
$75,500
Reg. Mortgage
$129
LMI Premium
$21,528
Renovation Costs
$0
Total Cash/Equity Required
$141,145
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,816
$33,898
Property Management
+7.7% PA
$1,834
$2,610
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
$16,874
$24,623
Interest Repayments
$44,847
$44,847
Net Cashflow Before Tax
-$27,973
-$20,224
Depreciation
$0
$0
Tax Offset
-$8,392
-$6,067
Net Cashflow After Tax
-$19,581
-$14,157
Assumptions
Year 1
Year 10
Property Value
6.8%
$806,340
$1,457,671
Loan Balance
I.O
$679,500
$679,500
$126,840
$778,171
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2016 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
This image depicts the front exterior of a property with an overgrown garden and an older structure. The driveway appears to be gravel, leading to a visible deteriorating roof and vegetation around the house. The surrounding area is fenced.
The property appears to be in poor condition with signs of overgrown vegetation and a deteriorating roof. The overall external structure seems dated and in need of significant maintenance.
Fencing, Low maintenance landscaping
New Roofing, Landscaping, External Paint
Renovating the roof will improve the building's durability and aesthetic appeal. Landscaping can enhance the property's curb appeal and make it more inviting, potentially increasing its value. Repainting the exterior can give the property a fresher look, attracting buyers or tenants.
