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Withheld
$50,878
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Try Picki for FREEConfidence
Medium
High
$400,000
Medium
$320,000
Low
$250,000
Confidence
Low
This listing offers a choice of lifestyle allotments ranging from 2000 square meters to 3.5 acres, suitable for horses or cattle. The lots are farm zoned with each building application assessed individually, subject to council approval (STCA). All lots are flat, arable, and have town water available, located in the original Mangalore township area. Mains power is close by, with good road access and some lots having direct bitumen frontage. The location is conveniently accessible, just 10 minutes from Seymour, 7 minutes from Avenel, and 80 minutes to Melbourne.
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82.5%
$340K
6.9%
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Try Picki for FREE$20,000
-$4,264
6.1%
Asking Price
-
Estimated Purchase Price
$300,000
Stamp Duty
$13,070
Transfer Fee
$808
Conveyancing
$1,196
Deposit (10%)
$30,000
Reg. Mortgage
$129
LMI Premium
$5,126
Renovation Costs
-
Total Cash/Equity Required
$50,878
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,805
$2,355
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
$11,729
$17,294
Interest Repayments
$17,820
$17,820
Net Cashflow Before Tax
-$6,091
-$526
Depreciation
-
-
Tax Offset
-$1,827
-$158
Net Cashflow After Tax
-$4,264
-$368
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$341,760
$617,821
Loan Balance
I.O
$270,000
$270,000
$71,760
$347,821
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2021 Population
Suburbs
Public Administration and Safety - 15.0%
Health Care and Social Assistance - 12.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Others - 52.0%
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
