$695K
$143,053
"This architecturally designed residence is placed on a large block and holds the perfect blend of elegance and practicality. Located in walking distance to Churchill Recreation Reserve and Benalla Grocer as well as Benalla P12 College Waller Street Campus. Its also a short car ride to Benalla Golf Club, St Josephs Primary School and FCJ College, Lake Benalla and Benalla Art Gallery and across the bridge to the centre of town. Upon entering the property, its grand faade and stunning landscaped yard is instantly captivating. The expansive front yard has the best of both worlds with lush green grass and a perfectly paved entertainment space. As we enter into the homes first floor, we have a spacious master bedroom with bay windows, large walk in robe with a captivating ensuite. Moving throughout the home, we have multiple spaces for livingdining, for all occasions. A large living area overlooking the front yard through bay windows and woodfire heating, formal livingdining space and a meals area just off the kitchen. The kitchen is set with stone bench tops, island bench, high end appliances, new dishwasher, double sink, 900ml gas oven and cooktop, fridge space equipped for double fridge and walk in pantry. The second floor of the home has three additional bedrooms, one with a built in robe and the other with a walk in robe. A central bathroom hosting, shower, bath, vanity and separate toilet. Above this is the attic for extra storage. Additional features to the home Ducted heating cooling Two car lock up garage Locally built Rewired Working bore water Multiple storage options throughout the home Large laundry with vanity and toilet This home is second to none, contact Ray White Benalla today to secure your inspection"
Below are some similar properties in the area you may be interested in.
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87.6%
$630K
4.2%
-$320,000
-$22,799
2.4%
1.6%
-16.4%
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Asking Price
$695,000
Estimated Purchase Price
$745,000
Stamp Duty
$39,770
Transfer Fee
$1,849
Conveyancing
$1,196
Deposit (10%)
$74,500
Reg. Mortgage
$129
LMI Premium
$21,243
Renovation Costs
-
Total Cash/Equity Required
$139,236
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,850
$2,414
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$11,684
$17,236
Interest Repayments
$44,253
$44,253
Net Cashflow Before Tax
-$32,569
-$27,017
Depreciation
-
-
Tax Offset
-$9,771
-$8,105
Net Cashflow After Tax
-$22,799
-$18,912
Assumptions
Year 1
Year 10
Property Value
6.8%
$453,900
$820,543
Loan Balance
I.O
$670,500
$670,500
-$216,600
$150,043
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Manufacturing - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Retail Trade - 9.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price