$2.5M
$427,144
"An extremely rare jewel in the heart of the Yarra Valley, this vacant block of approximately 61 acres is a blank canvas opportunity unlike any other. Surrounded by worldclass wineries and orchards, be romanced by the showstopping views in all directions where the everchanging hue of fertile farmland and contrasting skyline harmonises with the soaring beauty of Mount Donna Buang, the Yarra Ranges and the Kinglake Ranges. Introduced by a 1 kilometre driveway that sweeps past a large dam, this picturesque and gently sloping block cannot be built out by neighbouring properties. With 3phase power available to connect, take the existing plans to council and secure their approval to build a substantial family residence STCA. A slice of rural paradise, its only a 17 minute drive to Healesville and a 16 minute drive to Lilydale for leading public and private schools, transport and convenient retail."
Below are some similar properties in the area you may be interested in.
-
76.7%
-
-
$185,000
-$71,320
1.9%
1.5%
-16.2%
6.0%
Asking Price
$2,500,000
Estimated Purchase Price
$2,315,000
Stamp Duty
$130,475
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$231,500
Reg. Mortgage
$129
LMI Premium
$72,437
Renovation Costs
-
Total Cash/Equity Required
$439,903
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
Rates
+3.0% PA
$1,907
$2,488
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
$35,625
$51,318
Interest Repayments
$137,511
$137,511
Net Cashflow Before Tax
-$101,886
-$86,193
Depreciation
-
-
Tax Offset
-$30,566
-$25,858
Net Cashflow After Tax
-$71,320
-$60,335
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,670,000
$4,826,725
Loan Balance
I.O
$2,083,500
$2,083,500
$586,500
$2,743,225
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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