$925K
$173,590
"This is a fantastic opportunity to secure a large parcel of land complete with three separate dwellings at an affordable price. Enjoying a convenient location within a short commute to thriving Riddells Creek or Romsey, the lucky new owners will enjoy a rural lifestyle with the convenience of being so close to town. Discover the perfect blend of tranquility and opportunity with these 3 properties nestled on an expansive 15.713 acres. This unique offering presents an ideal canvas for those seeking a serene lifestyle, a weekend getaway, or a potential investment. The charming period style home features 4 bedrooms, one bathroom inside one under rear balcony. Dining, lounge and kitchen area complete with high ceilings and hardwood flooring under carpet. The homes are in need of renovation and definitely benefit with some upgrades which would undoubtedly add some extra value to the property. The 2 Bedroom brick home has kitchen and bathroom and needing renovation. The 3rd out building has 3 bedrooms and bathroom and was the original post office that finished in 1980 approx. all on one title with lots of potential. With a generous land at your disposal, the possibilities are endless. Whether you envision a private sanctuary to escape the hustle and bustle of city life, or perhaps wish to do some light grazing, this land offers the space and freedom to bring your dreams to life. Contact Haydn Drummer on 0421 116 679 for further details"
Below are some similar properties in the area you may be interested in.
-
73.8%
$750K
4.3%
-
-$21,879
3.4%
2.6%
-12.6%
6.0%
Asking Price
$925,000
Estimated Purchase Price
$925,000
Stamp Duty
$50,570
Transfer Fee
$2,270
Conveyancing
$1,196
Deposit (10%)
$92,500
Reg. Mortgage
$129
LMI Premium
$26,375
Renovation Costs
-
Total Cash/Equity Required
$173,590
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,843
$2,405
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
$23,690
$34,323
Interest Repayments
$54,945
$54,945
Net Cashflow Before Tax
-$31,255
-$20,622
Depreciation
-
-
Tax Offset
-$9,377
-$6,187
Net Cashflow After Tax
-$21,879
-$14,435
Assumptions
Year 1
Year 10
Property Value
6.8%
$987,900
$1,785,888
Loan Balance
I.O
$832,500
$832,500
$155,400
$953,388
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price