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$1.35M
-
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,500,000
Medium
$1,350,000
Low
$1,200,000
Confidence
Medium
This is your opportunity to own a 237-acre pastoral property, spread over two titles and positioned minutes from the Rural City of Benalla. The property boasts absolute creek frontage, four dams, cattle yards, and a ramp and crush, offering multiple farming and lifestyle possibilities. With easy access to Benalla and the Hume Freeway, along with power lines running along the western edge, connectivity is assured. The land features mature gum and native trees, with three creeks enhancing its natural beauty. The views extend to the Warrenbayne Ranges, making it ideal for a new home STCA. The productive soils make it suitable for a variety of agricultural pursuits, providing strong investment potential in a growing area. Secure this prime acreage while it lasts.
Trusted by over 13k property buyers and counting...
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65.3%
$695K
3.4%
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Try Picki for FREE-$65,000
-$12,020
5.5%
Asking Price
$1,350,000
Estimated Purchase Price
$1,415,000
Stamp Duty
$77,825
Transfer Fee
$3,417
Conveyancing
$1,196
Deposit (10%)
$141,500
Reg. Mortgage
$129
LMI Premium
$44,276
Renovation Costs
-
Total Cash/Equity Required
$268,892
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$78,000
$111,018
Property Management
+7.7% PA
$6,006
$8,548
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
$66,879
$95,796
Interest Repayments
$84,051
$84,051
Net Cashflow Before Tax
-$17,172
$11,745
Depreciation
-
-
Tax Offset
-$5,152
$3,523
Net Cashflow After Tax
-$12,020
$8,221
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,441,800
$2,606,431
Loan Balance
I.O
$1,273,500
$1,273,500
$168,300
$1,332,931
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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
Create a free account to access the tools and information you need to make the best property investment decisions.
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
