$295K
$55,363
"Positioned on a level allotment comprising of approximately 3.1 acres 1.29 ha with access from a sealed road at the front and lane at the rear, this lifestyle block is only 10 minutes from the all weather boat launching in Port Welshpool and 15 minutes to Foster. Offering plenty of room and the perfect rural lifestyle this allotment has town water and power available, a water tank, is fully fenced, and currently has two storage sheds with solar power, perfect for storage of camping equipment, ride on mowers or other items. With easy access for boatscaravanscars, this block is perfect for a weekender to come and camp or alternatively to build your dream home subject to Council approval and enjoy what this area has to offer."
Below are some similar properties in the area you may be interested in.
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79.5%
-
-
-$25,000
+
18.2%
15.1%
37.6%
6.0%
Asking Price
$295,000
Estimated Purchase Price
$315,000
Stamp Duty
$13,970
Transfer Fee
$843
Conveyancing
$1,196
Deposit (10%)
$31,500
Reg. Mortgage
$129
LMI Premium
$5,382
Renovation Costs
-
Total Cash/Equity Required
$53,570
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$57,200
$81,413
Property Management
+7.7% PA
$4,404
$6,269
Rates
+3.0% PA
$2,014
$2,628
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
$47,517
$68,257
Interest Repayments
$18,711
$18,711
Net Cashflow Before Tax
$28,806
$49,546
Depreciation
-
-
Tax Offset
$8,642
$14,864
Net Cashflow After Tax
$20,164
$34,682
Assumptions
Year 1
Year 10
Property Value
6.8%
$309,720
$559,900
Loan Balance
I.O
$283,500
$283,500
$26,220
$276,400
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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