$280K
$47,289
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
Medium
High
$320,000
Medium
$280,000
Low
$240,000
Confidence
Not Found
Explore an exceptional opportunity at 34 Mccombs Road, Lockwood, VIC. This nearly 1-acre parcel of 3,809m² offers a tranquil bushland setting with convenient sealed road access. With an approved planning permit in place, it's ready for your dream home. Although power and telecom connections are available, they are not yet connected. Enjoy peaceful, rural living while benefiting from modern conveniences, just ten minutes away from schools, shops, and public transport. The Calder Highway ensures easy travel to Melbourne. Turn your vision into reality on this unique land.
Trusted by over 13k property buyers and counting...
Try Picki for FREE0%
85.5%
$894K
3.2%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE-
-$15,125
-
Asking Price
$280,000
Estimated Purchase Price
$280,000
Stamp Duty
$11,870
Transfer Fee
$761
Conveyancing
$1,196
Deposit (10%)
$28,000
Reg. Mortgage
$129
LMI Premium
$4,784
Renovation Costs
-
Total Cash/Equity Required
$47,290
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,710
$2,231
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
-$4,975
-$6,491
Interest Repayments
$16,632
$16,632
Net Cashflow Before Tax
-$21,607
-$23,123
Depreciation
-
-
Tax Offset
-$6,482
-$6,937
Net Cashflow After Tax
-$15,125
-$16,186
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$299,040
$540,593
Loan Balance
I.O
$252,000
$252,000
$47,040
$288,593
Below are some similar properties in the area you may be interested in.
Location, 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 - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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