$1.6M
$266,063
"Perched at the foot of Mount Bolton, this elevated 200 acre parcel of exceptional land provides a rare opportunity to create your rural lifestyle dream Boasting panoramic views of the surrounding landscape, this picturesque setting is the perfect position to build your dream home STCA. This large acreage parcel also enjoys 5 Dams, excellent fencing, sheep yards, scattered trees for shelter making it ideal grazing land with ample feed to supply stock immediately. Split into 5 paddocks with a centre lane way, the property would also be an excellent start or addition to your grazingcropping program should farming be your interest. All of this only a 23 minute drive to Ballarat and some 7 minutes to Learmonth, this is the acreage you have been waiting for This property is in conjunction with Michael White at T.B. White Sons 0407 501 212"
Below are some similar properties in the area you may be interested in.
-
84.1%
-
-
-$710,000
-$50,019
1.6%
1.1%
-17.8%
6.0%
Asking Price
$1,600,000
Estimated Purchase Price
$1,480,000
Stamp Duty
$81,400
Transfer Fee
$3,569
Conveyancing
$1,196
Deposit (10%)
$148,000
Reg. Mortgage
$129
LMI Premium
$46,310
Renovation Costs
-
Total Cash/Equity Required
$281,153
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
$1,877
$2,449
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
$16,456
$24,032
Interest Repayments
$87,912
$87,912
Net Cashflow Before Tax
-$71,456
-$63,880
Depreciation
-
-
Tax Offset
-$21,437
-$19,164
Net Cashflow After Tax
-$50,019
-$44,716
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$1,332,000
$1,332,000
-$509,640
$154,631
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 - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
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