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$4M
$770,652
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$1,250,000
Medium
$1,100,000
Low
$950,000
Confidence
Not Applicable
Located 20 km from Euroa, this 140ha property is a prime opportunity for agriculture enthusiasts. The land is divided into two paddocks with modified pastures, offering a 90% arable rate on grey sodosol soil. It has three dams and the prospect of developing a spring-fed system (S.T.A.). The carrying capacity rates at 11.4 DSE/ha and 1.4 AE/ha, making it a robust choice for cropping and grazing. The property presents potential for a dream home, pending council approvals (S.T.C.A.).
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84.7%
$388K
3.8%
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Try Picki for FREE-$100,000
-$53,681
-
Asking Price
$1,199,000
Estimated Purchase Price
$1,200,000
Stamp Duty
$66,000
Transfer Fee
$2,914
Conveyancing
$1,196
Deposit (10%)
$120,000
Reg. Mortgage
$129
LMI Premium
$37,548
Renovation Costs
-
Total Cash/Equity Required
$228,337
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$2,142
$2,795
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
-$5,407
-$7,055
Interest Repayments
$71,280
$71,280
Net Cashflow Before Tax
-$76,687
-$78,335
Depreciation
-
-
Tax Offset
-$23,006
-$23,500
Net Cashflow After Tax
-$53,681
-$54,834
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,174,800
$2,123,759
Loan Balance
I.O
$1,080,000
$1,080,000
$94,800
$1,043,759
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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)
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Average Days of Supply
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Average Population
Sold Price
Asking Price
