$615K
$128,739
"Perched high enough to capture the vistas of the rolling South Gippsland hills, yet this home is conveniently located right in the heart of town. Bringing the outside in this home captures plenty of natural light, the super wide deck is ideal to spend some time at leisure over a coffee or cold drink. You can even hear the birds chirping Run some chickens in the ready to go chook house, plant your own veggie garden with the raised garden beds and you have real countryside and sustainability but in a town setting. A paved driveway leads to the brick home with single car garage and ramp or steps leading into the home. The garage has a utility door at the rear with undercover access into the house via a covered porch leading into the laundry. Additional storage is provided for a mower and other goods under the house at the rear. Theres a particularly healthy lemon tree ready for harvest. Inside the open, airy and lightfilled layout is a breath of fresh air. The home features three bedrooms all with built in robes. Two of the bedrooms are serviced by a bathroom with bath, shower, vanity and toilet. The third and master bedroom at the rear has a walk in robe and flows into an ensuite bathroom with shower, toilet and vanity. A feature of this room is the natural light coming in from the East and North. At the right of entry is the large lounge room featuring natural gas heating. A ceiling fan in this and a number of other rooms assist in air circulation. A functional kitchen features a modern dishwasher, electric hotplates and oven and pantry. Theres also adequate bench space. This room has a breakfastdining table and is serviced by a split system air conditioner and is adjoining the family room with study nook. The garden is well established and the rear yard is secure on both sides and would be ideal to keep a dog. A feature of the rear garden is a pergola. On the West side of the home there is enough room between the house and the side fence with the removal of some shrubbery and vegetation to get car access to the rear yard. Inspections are by appointment only, please contact the sales team to secure a time to view the property Andrew Newton 0402 940 320, Tony Giles 0407 528 192 or Emily Clifford 0422 622 299 Disclaimer Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence."
Below are some similar properties in the area you may be interested in.
-
89.9%
$715K
3.7%
-$130,000
-$16,259
3.6%
2.6%
-12.6%
6.0%
Asking Price
$615,000
Estimated Purchase Price
$690,000
Stamp Duty
$36,470
Transfer Fee
$1,720
Conveyancing
$1,196
Deposit (10%)
$69,000
Reg. Mortgage
$129
LMI Premium
$19,675
Renovation Costs
-
Total Cash/Equity Required
$128,739
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$2,014
$2,628
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
$17,759
$25,902
Interest Repayments
$40,986
$40,986
Net Cashflow Before Tax
-$23,227
-$15,084
Depreciation
-
-
Tax Offset
-$6,968
-$4,525
Net Cashflow After Tax
-$16,259
-$10,558
Assumptions
Year 1
Year 10
Property Value
6.8%
$598,080
$1,081,186
Loan Balance
I.O
$621,000
$621,000
-$22,920
$460,186
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price