$495K
$77,284
"Escape to the tranquil countryside and embrace the ultimate weekender lifestyle at 2 Glenmaggie Road Extension, Glenmaggie. This property offers a rare opportunity with a planning permit, sitting on a spacious 3acre lot, complete with a building permit to bring your dream home to life. Land Size Enjoy the vast expanse of 3 acres to create your perfect retreat. The building permit opens the door for you to design and build the home youve always envisioned. Fencing and Suitable Livestock The property is thoughtfully divided into 3 fully fenced paddocks, making it ideal for livestock enthusiasts. The fencing ensures security and creates a safe environment for various animals. 2Storey Barn Discover a versatile 2storey barn on the property. The bottom section, measuring 10m x 9.9m, provides ample storage space perfect for boats, caravans, or livestock. Meanwhile, the top section, sized at 4m x 10m, offers an ideal dry storage solution. Natural Features Embrace the beauty of nature with a private dam on the property. Mains water is also available, ensuring a reliable water supply for your needs. Utilities and Access Electricity is conveniently available to the pit, and a gated circular driveway enhances security and adds to the propertys charm. The 500meter walk to the lake and an access track make it easy to enjoy the nearby water features. Surrounding Environment Immerse yourself in the serenity of the Glenmaggie region. This property provides a perfect balance between tranquility and accessibility, offering a true escape from the hustle and bustle of city life. Dont miss the chance to own this extraordinary property a canvas waiting for your personal touch. Contact us now to turn your dream of a weekend retreat into a reality. Schedule a viewing and experience the unique charm of 2 Glenmaggie Road Extension, Glenmaggie."
-
49.5%
$390K
5.9%
-$115,000
-$10,808
3.8%
2.4%
-14.0%
6.0%
Asking Price
$495,000
Estimated Purchase Price
$435,000
Stamp Duty
$21,170
Transfer Fee
$1,124
Conveyancing
$1,196
Deposit (10%)
$43,500
Reg. Mortgage
$129
LMI Premium
$9,616
Renovation Costs
-
Total Cash/Equity Required
$77,284
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$1,695
$2,212
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
$10,399
$15,389
Interest Repayments
$25,839
$25,839
Net Cashflow Before Tax
-$15,440
-$10,450
Depreciation
-
-
Tax Offset
-$4,632
-$3,135
Net Cashflow After Tax
-$10,808
-$7,315
Assumptions
Year 1
Year 10
Property Value
6.8%
$341,760
$617,821
Loan Balance
I.O
$391,500
$391,500
-$49,740
$226,321
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price