$365K
$72,673
"The Phone Code for this property is 49717. Please quote this number when phoning or texting. An opportunity to purchase this 2 storey solid brick home set in the heart of Merbein. Downstairs there are 2 bedrooms with BIRs, bathroom, separate toilet, laundry, open plan living dining, and kitchen. Upstairs consists of a large living area and kitchenette, plus a huge master bedroom with ensuite. Features include 3phase power, evaporative cooling, electric floor heating, garden shedbungalow, and a double carport all on a 581m2 block. With the elevation of this property you will truly be King andor Queen of the castle with panoramic views of Merbein Common. Situated opposite Chaffey Estate. Live in or rent out. A great investment opportunity only 10 minutes from Mildura. Approximate room dimensions Downstairs Living 5100 x 3200 Dining 3400 x 2800 Kitchen 2700 x 2600 Bed 2 3050 x 3050 Bed 3 3050 x 3050 Laundry 2000 x 1800 Bathroom 2400 x 2800 Toilet 900 x 1800 Upstairs Living 5700 x 7800 Kitchenette 4000 x 2100 Bed 1 7450 x 5600 Bathroom 2450 x 1800 Toilet 900 x 1800 Disclaimer Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner forsalebyowner.com.au Pty Ltd cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
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72.9%
$260K
10%
-$85,000
-$9,039
4.4%
2.8%
-12.4%
6.0%
Asking Price
$365,000
Estimated Purchase Price
$410,000
Stamp Duty
$19,670
Transfer Fee
$1,065
Conveyancing
$1,196
Deposit (10%)
$41,000
Reg. Mortgage
$129
LMI Premium
$9,064
Renovation Costs
-
Total Cash/Equity Required
$72,673
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
$2,093
$2,731
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
$11,441
$16,919
Interest Repayments
$24,354
$24,354
Net Cashflow Before Tax
-$12,913
-$7,435
Depreciation
-
-
Tax Offset
-$3,874
-$2,231
Net Cashflow After Tax
-$9,039
-$5,205
Assumptions
Year 1
Year 10
Property Value
6.8%
$347,100
$627,474
Loan Balance
I.O
$369,000
$369,000
-$21,900
$258,474
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Retail Trade - 13.0%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 9.0%
Others - 54.0%
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