$659K
$123,014
"Discover this charming residence on a spacious 561m2 block with an elevated vantage, providing captivating longrange vistas. Nestled on the Albert Street hill, this home offers convenience and desirability in a soughtafter neighbourhood. Within close proximity, youll find an array of amenities, from the everpopular Cliffys Caf and Beppe Kitchen Bar to the renowned Sunday Market, Farmers Arms Hotel, Coles and nearby schools and medical services. This locale ensures a comfortable and convenient lifestyle for its residents. Step inside and be greeted by a formal entry hall that leads to 3 bedrooms, a cozy formal lounge, a generously sized kitchenmeals area, a practical laundry, and a family bathroom. Outside, the northfacing rear yard beckons those with a green thumb, providing an ideal space for yearround vegetable cultivation. A lockup garage and workshop area also cater to your storage and tinkering needs. This property presents boundless potential. Whether you envision it as a permanent residence, a spacious family home, an investment opportunity, or a first home, this versatile property fits the bill. Currently, let on the permanent rental market on a monthtomonth basis, seize the chance to explore and experience the true charm of this dwelling. You can join us during the advertised open times for a walkthrough or arrange a private viewing by contacting Michael at 0417 142 152. Were eager to guide you through this inviting spacedont miss out on this opportunity"
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2%
70.6%
$1.19M
2%
$55,000
-$16,714
3.3%
2.3%
-13.6%
6.0%
Asking Price
$659,000
Estimated Purchase Price
$660,000
Stamp Duty
$34,670
Transfer Fee
$1,650
Conveyancing
$1,196
Deposit (10%)
$66,000
Reg. Mortgage
$129
LMI Premium
$18,819
Renovation Costs
-
Total Cash/Equity Required
$123,014
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,566
$2,043
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
$15,327
$22,388
Interest Repayments
$39,204
$39,204
Net Cashflow Before Tax
-$23,877
-$16,816
Depreciation
-
-
Tax Offset
-$7,163
-$5,045
Net Cashflow After Tax
-$16,714
-$11,771
Assumptions
Year 1
Year 10
Property Value
6.8%
$763,620
$1,380,443
Loan Balance
I.O
$594,000
$594,000
$169,620
$786,443
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price