Withheld
$92,962
"Located within a short drive from the township of Wallan and Romsey the picturesque surrounds will make you wonder why you ever lived in the suburbs Boasting over 25 acres of prime land with shedding ,fencing perfectly suited who love horses, dogs, sheep, cars, caravans and anything else you can imagine. This lifestyle property provides you and your family with a future, within an easy commute to Melbourne and a short commute to local schools, this is an opportunity of a life time to make that tree change you have been so desperate for but just couldnt find the land. Darraweit offers a small country school with a big reputation, local municipal amenities and that real village atmosphere. With parcels of land like this tightly held, this is your opportunity to purchase your slice of heaven. Make the effort and make a call today Harminder Singh 0430 220 520 or Dave Singh 0430 327 172 PLEASE DO NOT ENTER THE PROPERTY WITHOUT AN AGENT IN ATTENDANCE Due diligence checklist for home and residential property buyers httpwww.consumer.vic.gov.auduediligencechecklist. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information."
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90.4%
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$15,000
+
31.8%
28.7%
85.2%
6.0%
Asking Price
-
Estimated Purchase Price
$735,000
Stamp Duty
$39,170
Transfer Fee
$1,826
Conveyancing
$1,196
Deposit (10%)
$73,500
Reg. Mortgage
$129
LMI Premium
$20,958
Renovation Costs
-
Total Cash/Equity Required
$137,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$234,000
$333,055
Property Management
+7.7% PA
$18,018
$25,645
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
$210,874
$300,745
Interest Repayments
$43,659
$43,659
Net Cashflow Before Tax
$167,215
$257,086
Depreciation
-
-
Tax Offset
$50,165
$77,126
Net Cashflow After Tax
$117,051
$179,960
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$661,500
$661,500
$139,500
$786,517
Did you know you need to engage a conveyancer when buying a property?
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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