$940K
$159,308
Confidence
High
High
$1,050,000
Medium
$1,000,000
Low
$950,000
Confidence
High
"Its such a warm welcome when you set foot inside 89 Belmont Ave Spring farm. Nestled in a quiet street and offering easy access to the local shops, schools, and the bypass for those needing to commute, this 3 bedroom home enjoys a beautiful open plan flow, and is in our opinion one of the best presented homes you will come across. The master bedroom offers a walk in robe and ensuite bathroom, the remaining two rooms are a good size and offer built ins. There is a large lounge room, separate dining area, plus a familymeals room off the modern kitchen, with stone tops and plenty of cupboard space. Outside you will find an inviting covered entertaining area with timber decking, plus plenty of room in the backyard for the kids and pets to play. The double lock up garage has internal access, remote doors, and workshop space. The home is complete with ducted air conditioning, gas cooking and heating, water tank, and garden shed. This is a real standout in todays market and will suit those looking to downsize, without compromising on quality, and of course appeal to our first home buyer market and investors alike If you are looking for a home with charm warmth and character and that special feeling of home then make sure you put 89 Belmont Ave Spring Farm at the top of your list"
-
67.7%
-
-
$15,000
-$22,372
3.4%
2.7%
-13.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$985,000
Stamp Duty
$39,060
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$98,500
Reg. Mortgage
$164
LMI Premium
$25,364
Renovation Costs
-
Total Cash/Equity Required
$165,284
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,272
$1,660
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
$26,548
$38,338
Interest Repayments
$58,509
$58,509
Net Cashflow Before Tax
-$31,961
-$20,171
Depreciation
-
-
Tax Offset
-$9,588
-$6,051
Net Cashflow After Tax
-$22,372
-$14,120
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$886,500
$886,500
$181,500
$1,044,190
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2021 Population
Suburbs
Construction - 16.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 10.0%
Education and Training - 9.0%
Others - 52.0%
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