$619K
$129,694
"Build your own perfect retreat, nestled in natures embrace with this exquisite and extensive land holding 42.24Ha or 104.38 Acres approx., within minutes of Australias trendiest town Located in a serene Rutherglen countryside setting, this parcel offers a rare opportunity to own a piece of pristine landscape. Encompassing lush greenery and panoramic views, it promises a tranquil haven away from the hustle and bustle of city life. Spanning a whooping hundred acres, the property boasts old growth trees, sweeping vistas and the home of many wildlife species Unlike your average parcel of land, 198 Kilborn Road has joint partnership with Trust for Nature, meaning that there is a covenant on it to protect its beautiful surroundings and wildlife. However, the council has approved two separate building envelopes, making this the perfect place to create a dream home or private sanctuary. This land embodies the essence of peaceful living amidst natural beauty. 198 Kilborn Road also boasts convenience through a short commute to the heart of Rutherglen and thirtyminute drive from the City of AlburyWodonga. Recently awarded Australias Trendiest Town as well as Victorias Tidiest Town, Rutherglen has an abundance of eateries and activities to participate in. All Saints Winery, Campbells Winery, and Tuileries, just to name a few of the many renowned wineries all located within Rutherglen. Additional Information on Trust for Nature Trust for Nature Australia is a nonprofit conservation organization dedicated to protecting native plants and wildlife in Victoria, Australia. The organisation works primarily through voluntary conservation covenants, where private landowners commit to preserving their land in perpetuity for conservation purposes. These covenants help safeguard biodiversity and important habitats across Victoria, ensuring that natural landscapes are protected for future generations. www.trustfornature.org.au"
-
83.6%
$570K
4.1%
-$75,000
-$32,271
-
-
-24.9%
6.0%
Asking Price
$619,000
Estimated Purchase Price
$695,000
Stamp Duty
$36,770
Transfer Fee
$1,732
Conveyancing
$1,196
Deposit (10%)
$69,500
Reg. Mortgage
$129
LMI Premium
$19,817
Renovation Costs
-
Total Cash/Equity Required
$129,694
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,554
$2,028
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
-$4,819
-$6,288
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$46,102
-$47,571
Depreciation
-
-
Tax Offset
-$13,831
-$14,271
Net Cashflow After Tax
-$32,271
-$33,299
Assumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$625,500
$625,500
$36,660
$571,528
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow 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
Manufacturing - 22.0%
Agriculture, Forestry and Fishing - 11.0%
Health Care and Social Assistance - 10.0%
Retail Trade - 9.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price