$450K
$69,906
"Situated in the sought after and quaint hamlet of Lauriston, this undulating 9.9acre approx. allotment would represent a valuable addition to your land holding property portfolio. Within close proximity to Kyneton, easy access to Malmsbury and Castlemaine, the land is a very easy commute to Melbourne via the Calder Highway. This attractive parcel of land offers a gently undulating terrain that is suitable for a range of activities and is ideally suited to recreational farming pursuits and weekend adventures. The land currently falls inside Farming Zone which does not permit for a residential build. The land has a lovely aspect and secure boundary fencing. Offering a fantastic position so close to Lauriston Reservoir and Upper Coliban Reservoir as well as other naturally beautiful and scenic draw cards of the Macedon Ranges, the appeal of this property is apparent and with your imagination and consideration of the possible uses, it would be a lovely addition."
Below are some similar properties in the area you may be interested in.
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85.5%
-
-
$80,000
-$20,000
-
-
-28.6%
6.0%
Asking Price
$450,000
Estimated Purchase Price
$395,000
Stamp Duty
$18,770
Transfer Fee
$1,030
Conveyancing
$1,196
Deposit (10%)
$39,500
Reg. Mortgage
$129
LMI Premium
$8,732
Renovation Costs
-
Total Cash/Equity Required
$69,906
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,108
-$6,665
Interest Repayments
$23,463
$23,463
Net Cashflow Before Tax
-$28,571
-$30,128
Depreciation
-
-
Tax Offset
-$8,571
-$9,038
Net Cashflow After Tax
-$20,000
-$21,089
Assumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$355,500
$355,500
$151,800
$561,578
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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