$320K
$43,400
Confidence
Medium
High
$368,000
Medium
$320,000
Low
$272,000
Confidence
Medium
"This picturesque little rural property is located in the heart of Mullalyup. A slightly undulating block that overlooks a winter creek, with plenty of flat area to build your dream home and power connected to the property. Nestled in between Kirup and Balingup on the harvest highway, Mullalyup is close to a myriad of farming properties, orchards, wineries, state forest trails and with the recent increase in activity in the area, there is an abundance of work nearby. Local school buses pass through Mullalyup daily transporting school children to a selection of schools. Mullalyup is located in the Shire of DonnybrookBalingup and is approx. 7kms from Balingup 18kms from Greenbushes 25kms from Donnybrook 33kms from Bridgetown 60kms from Bunbury The sale of this property presents a fantastic opportunity and wont stay on the market for long. Contact Chris for further information or to arrange your viewing."
-
78.7%
-
-
$40,000
-$2,507
7.4%
4.7%
-5.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$320,000
Estimated Purchase Price
$280,000
Stamp Duty
$8,075
Transfer Fee
$253
Conveyancing
$1,535
Deposit (10%)
$28,000
Reg. Mortgage
$203
LMI Premium
$4,784
Renovation Costs
-
Total Cash/Equity Required
$43,400
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+8.2% PA
$1,706
$2,428
Rates
+3.0% PA
$2,339
$3,052
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
$13,050
$19,291
Interest Repayments
$16,632
$16,632
Net Cashflow Before Tax
-$3,582
$2,659
Depreciation
-
-
Tax Offset
-$1,074
$798
Net Cashflow After Tax
-$2,507
$1,861
Assumptions
Year 1
Year 10
Property Value
6.8%
$341,760
$617,821
Loan Balance
I.O
$252,000
$252,000
$89,760
$365,821
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Retail Trade - 10.0%
Education and Training - 9.0%
Health Care and Social Assistance - 9.0%
Others - 47.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price