$190K
$29,422
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Try Picki for FREEConfidence
High
High
$1,200,000
Medium
$1,050,000
Low
$900,000
Confidence
Medium
This 2-hectare parcel in the Margaret River Wine Region offers mature Chardonnay vines, planted around 1996-1997. The vineyard, under expert management, is perfect for those interested in wine production or agricultural tax benefits. Buyer options include self-management and the potential to craft your own wine. Note, access to water from an estate dam is available, as well as two weeks' accommodation yearly in estate holiday houses on a roster system. Importantly, this property prohibits residential development, so a house is not allowed.
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60.3%
$1.67M
2.8%
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Try Picki for FREE$40,000
-$5,766
6.2%
Asking Price
-
Estimated Purchase Price
$1,010,000
Stamp Duty
$43,131
Transfer Fee
$413
Conveyancing
$1,535
Deposit (10%)
$101,000
Reg. Mortgage
$203
LMI Premium
$28,799
Renovation Costs
-
Total Cash/Equity Required
$175,630
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+8.2% PA
$5,117
$7,283
Rates
+3.0% PA
$1,821
$2,376
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$51,757
$74,322
Interest Repayments
$59,994
$59,994
Net Cashflow Before Tax
-$8,237
$14,328
Depreciation
-
-
Tax Offset
-$2,471
$4,298
Net Cashflow After Tax
-$5,766
$10,029
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,121,400
$2,027,224
Loan Balance
I.O
$909,000
$909,000
$212,400
$1,118,224
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2021 Population
Suburbs
Accommodation and Food Services - 13.0%
Retail Trade - 12.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 54.0%
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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Sold Price
Asking Price