Withheld
$165,001
"Raine and Horne Land Victoria is proud to present this beautiful 151acre parcel approx. of land in the evergrowing popular suburb of Clarkefield. This expansive property offers endless possibilities, located in a soughtafter area, this property boasts amazing views and a tranquil setting, perfect for those seeking a peaceful retreat away from the hustle and bustle of city life. KEY FEATURES With three selfcontained homes all with modernday facilities, this property is perfect for those with a larger family. This property is perfectly central Close proximity to the Freeway Only 7 minutes approx. to Clarkefield Train Station A short 20minute drive approx. to Tullamarine Freeway A seamless 45minute approx. commute to Melbourne CBD Dont miss out on this unique opportunity to own a large parcel of land in Clarkefield. Contact us today to arrange a viewing and start envisioning the endless possibilities for this exceptional property. Inspection by Appointment. For Further Better Particulars contact Satvir Singh 0455 880 121 OR Sukhdeep Gill 0430 110 610 Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Due Diligence Checklist httpwww.consumer.vic.gov.auduediligencechecklist"
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8.9%
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Asking Price
-
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
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
$66,886
$95,805
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
$14,614
$43,533
Depreciation
-
-
Tax Offset
$4,384
$13,060
Net Cashflow After Tax
$10,230
$30,473
Assumptions
Year 1
Year 10
Property Value
6.8%
$998,580
$1,805,195
Loan Balance
I.O
$792,000
$792,000
$206,580
$1,013,195
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 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