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$540K
$96,651
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$640,000
Medium
$560,000
Low
$480,000
Confidence
Not Applicable
This incredible 27-acre property is all about location. Situated just 5km from Newstead and 21km from Castlemaine, this land offers breathtaking farmland views and the ideal setting for your dream home. With a planning permit already in place, you can start building immediately. The property features a 30x12m all-steel shed, a smaller hay shed, and amenities like a 45,000-litre water tank and two dams. It's perfect for equestrian activities, with designated areas for a menage, orchard, and vegetable plot. Ready for limitless possibilities, this land supports country living with convenient access to urban areas like Melbourne, just 133km away.
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87.9%
-
-
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-$26,725
-
Asking Price
$560,000
Estimated Purchase Price
$560,000
Stamp Duty
$28,670
Transfer Fee
$1,416
Conveyancing
$1,196
Deposit (10%)
$56,000
Reg. Mortgage
$129
LMI Premium
$15,968
Renovation Costs
-
Total Cash/Equity Required
$103,928
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,650
$2,153
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
-$4,915
-$6,413
Interest Repayments
$33,264
$33,264
Net Cashflow Before Tax
-$38,179
-$39,677
Depreciation
-
-
Tax Offset
-$11,454
-$11,903
Net Cashflow After Tax
-$26,725
-$27,774
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$598,080
$1,081,186
Loan Balance
I.O
$504,000
$504,000
$94,080
$577,186
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2021 Population
Suburbs
Manufacturing - 22.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Public Administration and Safety - 9.0%
Others - 46.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
No data available
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
