$599K
$88,667
"Discover this beautifully renovated 1935 home in the heart of Invermay. The welcoming front porch leads to an entrance hall featuring floorboards, decorative panelling, and picture rails. This spacious, tastefully decorated home, offers four bedrooms and a modern, tiled bathroom with a walkin shower. The lounge, with its cosy woodheater, connects to the contemporary kitchen and dining area with a tiled floor. Step out onto the back deck from the kitchen to enjoy the large, fully fenced backyard, which includes a double garage and a designated pet area. Additional parking is available for at least four cars, or perhaps a caravan or boat. All the work has been done for you, making it movein ready. Located within walking distance to the CBD, University, Inveresk precinct and Heritage Forest, this home is perfectly situated for convenient living. Council Rates approx. 1600 p.a. Water Rates approx 1200 p.a."
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9%
57.1%
-
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-$45,000
-$11,217
4.3%
3.0%
-12.7%
6.0%
Asking Price
$599,000
Estimated Purchase Price
$540,000
Stamp Duty
$19,948
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$54,000
Reg. Mortgage
$152
LMI Premium
$11,937
Renovation Costs
-
Total Cash/Equity Required
$88,667
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
Rates
+3.0% PA
$2,089
$2,726
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,052
$23,474
Interest Repayments
$32,076
$32,076
Net Cashflow Before Tax
-$16,024
-$8,602
Depreciation
-
-
Tax Offset
-$4,807
-$2,581
Net Cashflow After Tax
-$11,217
-$6,022
Assumptions
Year 1
Year 10
Property Value
6.8%
$528,660
$955,692
Loan Balance
I.O
$486,000
$486,000
$42,660
$469,692
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price