$760K
$127,785
"Introducing a stunning weekend getaway or the site of your future dream home this is an opportunity that shouldnt be missed Nestled in a picturesque setting with views of Castle Creek, this 19.6 hectare 48.5 acre property approximately offers the perfect escape from the hustle and bustle of everyday life. Already equipped with an Americanstyle barn, a house pad with power availability, sewer provided toilet in the 2nd shed, and a planning permit granted to the current owner by the Strathbogie Shire, this property provides a solid foundation for your vision to come to life. Wake up to the serenity that this property has to offer. Adding to its appeal, the land is sown down annually to crops, generating a steady annual income while also creating a picturesque backdrop for your daily life. The long driveway, adorned with wheat or canola paddocks, leads you to the inviting home site, providing a warm welcome every time you arrive. Convenience and functionality are key aspects of this property. Additional features include various outbuildings perfect for storage and hobbies, access to 1 megalitre of High Reliable Water through the Goulburn Murray Water system for your stock and domestic needs and there are 2 water tanks already on site. The Castle Creek passes through the property with a small section of land on the East side included, granting you exclusive access to the idyllic creek precinct. Imagine the joy of family campfires, motorbike rides, and weekend adventures along the creek opportunities for memorable experiences are endless. Located just 20 minutes south of Shepparton approximately and easily accessible via the Goulburn Valley Highway, this property offers the best of both worlds a peaceful retreat in a serene setting while still being within an easy commute to Melbourne. Dont miss out on the chance to own this remarkable 19.6hectare property. Whether youre dreaming of a tranquil getaway or planning the construction of your dream home, this property offers endless possibilities."
Below are some similar properties in the area you may be interested in.
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86.4%
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-$240,000
-$18,988
3.1%
2.1%
-14.4%
6.0%
Asking Price
$760,000
Estimated Purchase Price
$705,000
Stamp Duty
$37,370
Transfer Fee
$1,755
Conveyancing
$1,196
Deposit (10%)
$70,500
Reg. Mortgage
$129
LMI Premium
$20,102
Renovation Costs
-
Total Cash/Equity Required
$131,602
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
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
$14,751
$21,637
Interest Repayments
$41,877
$41,877
Net Cashflow Before Tax
-$27,126
-$20,240
Depreciation
-
-
Tax Offset
-$8,138
-$6,072
Net Cashflow After Tax
-$18,988
-$14,168
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$634,500
$634,500
-$137,880
$263,271
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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
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price