$780K
$161,184
"A perfect parcel of vacant land, that has been part of one of the most iconic properties throughout the Dandenong Ranges is now available for sale. On the edge of Sherbrooke Forest, with stunning valley views that take in the Cotswold Valley Farm, this glorious, cleared landscape can be the foundation for your dream home STCA and has a current planning permit in place. With both Belgrave and Emerald townships close by, the property is in an ideal location, within easy walking distance from local bus route and a short drive to Monbulk Aquatic Centre, Belgrave train station and many local schools. Mains gas, electricity water available but not connected Please note Property cannot be subdivided Please note Information provided has been obtained from sources believed to be accurate, however, we cannot guarantee information is accurate. Interested parties should make their own enquiries obtain their own legal advice. We accept no liability for any errors or omissions including but not limited to a propertys land size, floor plans, building age or condition."
-
91.8%
$882K
2.5%
$30,000
-$20,069
3.4%
2.5%
-12.8%
6.0%
Asking Price
$780,000
Estimated Purchase Price
$840,000
Stamp Duty
$45,470
Transfer Fee
$2,071
Conveyancing
$1,196
Deposit (10%)
$84,000
Reg. Mortgage
$129
LMI Premium
$23,952
Renovation Costs
-
Total Cash/Equity Required
$157,367
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,226
$30,824
Interest Repayments
$49,896
$49,896
Net Cashflow Before Tax
-$28,670
-$19,072
Depreciation
-
-
Tax Offset
-$8,601
-$5,722
Net Cashflow After Tax
-$20,069
-$13,350
Assumptions
Year 1
Year 10
Property Value
6.8%
$929,160
$1,679,700
Loan Balance
I.O
$756,000
$756,000
$173,160
$923,700
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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 Days of Supply
Sold Price
Asking Price