$465K
$93,884
"Just on an 1 hours drive from Melbournes CBD sits this stunning natural semi treed allotment situated in the heartland of Silvans growing region. The ideal escape from the hustle and bustle of city living every weekend where you can unwind and experience the solitude of your own environment and get up close and personal with mother nature. What a destination for the whole family within easy reach to a host of recreational activities like the Warburton bike trails in Mount Evelyn, Silvan Reservoir picnic reserve and easy access to the famous Yarra Valley Wine Region and the beautiful Dandenong Ranges. Nicely elevated without being steep the whole property is easy to explore and enjoy on foot or with a 4WD on the existing tracks that span from the top to the bottom of the block. An outstanding opportunity to own your own slice of Native Flora and Fauna where you can relax, ponder and who knows maybe one day build that great escape off the grid STCA. Put your imagination to work and secure not only a superb and rare parcel of land but also an investment for your future and wellbeing now. Terms of sale 10 Deposit on signing formal Contracts. Settlement in 3060 days. Contact Joseph on 0418 509 722 to find out more about this amazing offering."
Below are some similar properties in the area you may be interested in.
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79.1%
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-$35,229
2.5%
1.9%
-14.9%
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Asking Price
-
Estimated Purchase Price
$1,245,000
Stamp Duty
$68,475
Transfer Fee
$3,019
Conveyancing
$1,196
Deposit (10%)
$124,500
Reg. Mortgage
$129
LMI Premium
$38,957
Renovation Costs
-
Total Cash/Equity Required
$236,825
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
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
$23,626
$34,240
Interest Repayments
$73,953
$73,953
Net Cashflow Before Tax
-$50,327
-$39,713
Depreciation
-
-
Tax Offset
-$15,098
-$11,914
Net Cashflow After Tax
-$35,229
-$27,799
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,329,660
$2,403,709
Loan Balance
I.O
$1,120,500
$1,120,500
$209,160
$1,283,209
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
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 Days of Supply
Sold Price
Asking Price