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Withheld
$1,746
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
Medium
Discover a serene 22-acre property in Epsom, presented by Biggin Scott North. Located in the Low-Density Residential Zone, this property provides a balance between tranquil landscapes and urban accessibility to Bendigo. With proximity to essential amenities and reputable schools, the land offers potential for residential development or ecotourism ventures, subject to council approval. The area shows potential for population growth and investment opportunities, making this property a prime choice for creating a private sanctuary or capitalizing on Bendigo's strong economic prospects.
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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
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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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
8.5%
73.9%
$510K
6.7%
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Try Picki for FREE$35,000
-$10,609
4.4%
Asking Price
-
Estimated Purchase Price
$535,000
Stamp Duty
$27,170
Transfer Fee
$1,358
Conveyancing
$1,196
Deposit (10%)
$53,500
Reg. Mortgage
$129
LMI Premium
$11,827
Renovation Costs
-
Total Cash/Equity Required
$95,729
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,623
$24,250
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$15,156
-$7,529
Depreciation
-
-
Tax Offset
-$4,547
-$2,259
Net Cashflow After Tax
-$10,609
-$5,270
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$481,500
$481,500
$127,260
$618,993
