Withheld
$267,949
"Raine and Horne Land Victoria is delighted to present for sale 100 acres on Melbourne Lancefield Road in Bolinda. This exceptional property offers an outstanding opportunity for investment or agricultural use within the highly soughtafter Macedon Ranges Shire. This property benefits from excellent transport connections to key destinations in Melbourne and northwestern Victoria. Proximity to major infrastructure such as the Calder Freeway and the Melbourne to Bendigo Rail Line ensures seamless connectivity and enhanced regional accessibility. unique rural lifestyle property The area is known for its picturesque landscapes and vibrant community life, making it an ideal location for agricultural pursuits or future development STCA. The region is known for its agricultural productivity and potential for future growth. With a blend of residential, commercial, and recreational opportunities nearby, 1824 Melbourne Lancefield Road presents a prime investment opportunity. Property Features 100 acres in FARMING ZONE Two story brick residence, 3 large bedrooms, 2 bathrooms Large kitchen, family room, separate dining, formal lounge room rumpus room 1 Minute to Bolinda Primary School 3 Minutes to Romsey Airport 3 Minutes to Clarkefield Railway Station 4 Minutes to Riddells Creek Railway Station 6 Minutes to Romsey Primary School and Romsey Golf Club 14 Minutes to Gisborne Secondary College and Gisborne Village Shopping Centre 30 Minutes to Melbourne Airport 50 Minutes to Melbourne CBD Call Rajwinder Singh on 61 433 499 044 Or Kevin Paghdar on 61 426 510 510 today for further enquiries. Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Due Diligence Checklist httpwww.consumer.vic.gov.auduediligencechecklist Approximation"
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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
-
73.8%
$750K
4.3%
$60,000
+
12.9%
11.6%
20.7%
6.0%
Asking Price
-
Estimated Purchase Price
$1,410,000
Stamp Duty
$77,550
Transfer Fee
$3,405
Conveyancing
$1,196
Deposit (10%)
$141,000
Reg. Mortgage
$129
LMI Premium
$44,119
Renovation Costs
-
Total Cash/Equity Required
$267,949
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$182,000
$259,043
Property Management
+7.7% PA
$14,014
$19,946
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
$162,878
$232,432
Interest Repayments
$83,754
$83,754
Net Cashflow Before Tax
$79,124
$148,678
Depreciation
-
-
Tax Offset
$23,737
$44,603
Net Cashflow After Tax
$55,387
$104,074
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,569,960
$2,838,114
Loan Balance
I.O
$1,269,000
$1,269,000
$300,960
$1,569,114
Did you know you need to engage a conveyancer when buying a property?
Request a free contract review