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$395K
$74,517
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Try Picki for FREEConfidence
Medium
High
$450,000
Medium
$395,000
Low
$340,000
Confidence
Low
This unique parcel of land in Baddaginnie offers a prime opportunity for country living. Located near the Hume Freeway and just 10 minutes from Benalla, the property spans three titles sold as one. Key features include a substantial water storage system with a total of 45,000 liters in interconnected tanks, allocation for stock and domestic water, and power connectivity with satellite NBN and Foxtel. The cabin includes a full-sized Coonara, split system, separate toilet, septic, bathroom, and laundry. However, note that the shipping container, caravan, contents, and tractor are not included in the sale.
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
83.3%
$695K
3.4%
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Try Picki for FREE-$20,000
-$20,836
-
Asking Price
$395,000
Estimated Purchase Price
$415,000
Stamp Duty
$19,970
Transfer Fee
$1,077
Conveyancing
$1,196
Deposit (10%)
$41,500
Reg. Mortgage
$129
LMI Premium
$9,174
Renovation Costs
-
Total Cash/Equity Required
$73,595
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,850
$2,414
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
-$5,115
-$6,674
Interest Repayments
$24,651
$24,651
Net Cashflow Before Tax
-$29,766
-$31,325
Depreciation
-
-
Tax Offset
-$8,930
-$9,397
Net Cashflow After Tax
-$20,836
-$21,927
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$421,860
$762,623
Loan Balance
I.O
$373,500
$373,500
$48,360
$389,123
