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$450K
$73,595
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$480,000
Medium
$420,000
Low
$360,000
Confidence
Not Found
Discover a unique opportunity to invest in a picturesque property spanning almost 2 acres in a charming small town. This rural retreat offers stunning views with a backdrop of native bushland. Development is underway with a planning permit for a 4-bedroom dwelling, complemented by a newly built garage with remote access. Essential infrastructure like a road and high-quality timber gates are in place. The land is fully fenced and includes permits for a log cabin. With power available at the front, future owners can choose traditional or sustainable, solar-powered living. Just under 2 hours from Melbourne, and strategically located near Mansfield and Eildon Lake, this property offers rural tranquility with urban proximity.
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82.6%
-
-
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Try Picki for FREE$5,000
-$20,803
-
Asking Price
$450,000
Estimated Purchase Price
$415,000
Stamp Duty
$19,970
Transfer Fee
$1,077
Conveyancing
$1,196
Deposit (10%)
$41,500
Reg. Mortgage
$129
LMI Premium
$9,174
Renovation Costs
-
Total Cash/Equity Required
$73,595
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,802
$2,351
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
-$5,067
-$6,611
Interest Repayments
$24,651
$24,651
Net Cashflow Before Tax
-$29,718
-$31,262
Depreciation
-
-
Tax Offset
-$8,915
-$9,379
Net Cashflow After Tax
-$20,803
-$21,884
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$448,560
$810,890
Loan Balance
I.O
$373,500
$373,500
$75,060
$437,390
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 17.0%
Education and Training - 12.0%
Accommodation and Food Services - 11.0%
Health Care and Social Assistance - 10.0%
Others - 50.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
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
