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$760K
$123,968
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Try Picki for FREEConfidence
High
High
$800,000
Medium
$760,000
Low
$720,000
Confidence
Not found
This property is a 19.6-hectare (48.5-acre) stunning retreat perfect for a weekend getaway or as a site for a dream home. It offers picturesque views of Castle Creek and features an American-style barn, a house pad with power, sewer facilities, and a planning permit. The land is annually cultivated for crops, generating a steady income and providing a scenic backdrop. It includes outbuildings, 1 megalitre of High Reliable Water access, and two water tanks. Located 20 minutes south of Shepparton, it provides a peaceful escape with the convenience of a nearby highway connecting to Melbourne.
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86.4%
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Try Picki for FREE$55,000
-$33,099
-
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
-
-
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
$41,877
$41,877
Net Cashflow Before Tax
-$47,284
-$48,932
Depreciation
-
-
Tax Offset
-$14,185
-$14,680
Net Cashflow After Tax
-$33,099
-$34,252
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$811,680
$1,467,324
Loan Balance
I.O
$634,500
$634,500
$177,180
$832,824
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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)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
