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Withheld
$1,746
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Try Picki for FREEConfidence
High
High
$620,000
Medium
$570,000
Low
$520,000
Confidence
Medium
This prime 4.062-hectare property on Greigs Road in Fieldstone, VIC, is strategically positioned within the Rockbank South PSP area, offering a substantial opportunity for future residential land development, potentially accommodating 80 lots subject to council approval. Located minutes from the proposed major activity center in Melton and a potential railway station, the property ensures easy access to the Western Freeway, connecting to Melbourne's CBD within 45 minutes. Nearby major land estates, such as Thornhill Park and Mt Atkinson, enhance its appeal, offering extended settlement terms.
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79.8%
$4.2M
0.7%
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Try Picki for FREE$35,000
-$7,161
5.3%
Asking Price
-
Estimated Purchase Price
$535,000
Stamp Duty
$27,170
Transfer Fee
$1,358
Conveyancing
$1,196
Deposit (10%)
$53,500
Reg. Mortgage
$129
LMI Premium
$11,827
Renovation Costs
-
Total Cash/Equity Required
$95,729
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
$1,584
$2,067
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
$21,549
$31,245
Interest Repayments
$31,779
$31,779
Net Cashflow Before Tax
-$10,230
-$534
Depreciation
-
-
Tax Offset
-$3,069
-$160
Net Cashflow After Tax
-$7,161
-$373
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$481,500
$481,500
$127,260
$618,993
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2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
