$750K
$112,351
Confidence
Medium
High
$825,000
Medium
$775,000
Low
$725,000
Confidence
Low
"Located on a level 938m block, this property provides a perfect family home with the added convenience of being close to the booming Morisset CBD and only three minutes from the M1 Motorway. Featuring a welldesigned and versatile floorplan, this inviting family home is movein ready. Complete with a modern kitchen and threeway bathroom whilst having the added value of a large, detached shed 37m for added convenience. This property will be eagerly soughtafter by first homebuyers, retirees, and investors. It is unlikely to last long Features include Four bedrooms, all appointed with builtin robes, with bathroom access via the master bedroom. Modern central kitchen with ample storage and pantry. Threeway bathroom with master bedroom access, separate toilet, showerbath, and vanity sections. Formal living with openplan dining area. Covered alfresco area overlooking your large, level and fully fenced yard. Single drivethrough garage, side access, and detached shed 37m. Additional features Convenient location close to shops and public transport, low maintenance and sturdy brickandtile home. Rental Appraisal 640 to 660week through the Ellejayne Property Management and Investor Club The property is only a short drive to several schools both private and public, two shopping centres featuring Coles, Woolworths, Specsavers, Best Less, Morisset Railway Station, the 72hectare Cedar Mill tourism, cultural, and event space Winarch Capital development featuring a proposed 30,000capacity amphitheatre, accommodation, and community spaces, the M1 Motorway, bustling Morisset Business Park, and the proposed largeformat retail centre in Morisset by Winarch Capital. Register your interest with Jayse Russo from Ellejayne Realty today DISCLAIMER Ellejayne Realty have obtained all information provided here from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
-
78.6%
$825K
3.5%
$80,000
-$13,750
4.1%
3.1%
-11.9%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$750,000
Estimated Purchase Price
$695,000
Stamp Duty
$26,010
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$69,500
Reg. Mortgage
$164
LMI Premium
$17,896
Renovation Costs
-
Total Cash/Equity Required
$115,766
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,381
$1,802
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$21,640
$31,364
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$19,643
-$9,919
Depreciation
-
-
Tax Offset
-$5,893
-$2,976
Net Cashflow After Tax
-$13,750
-$6,943
Assumptions
Year 1
Year 10
Property Value
6.8%
$827,700
$1,496,285
Loan Balance
I.O
$625,500
$625,500
$202,200
$870,785
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
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