$410K
$72,673
"Discover the warmth and charm of this inviting 3bedroom home, ideally located in the heart of Rutherglen, a township renowned for its rich history, boutique wineries, and vibrant community. A fantastic lifestyle awaits, with charming cafes and renowned cellar doors just a leisurely stroll away. Set on a generous 727m allotment, this property offers incredible scope for future enhancements, whether youre considering adding a shed, pool, extension, or even subdivision potential STCA. Inside, the home boasts a spacious lounge perfect for relaxation and entertaining, while the wellappointed kitchen with an adjoining meals area creates the ideal setting for family gatherings. Yearround comfort is ensured with evaporative cooling throughout, making every season a pleasure. Practicality is further enhanced with a full bathroom and a separate laundry. For investors, this property presents a lucrative opportunity with a rental appraisal of 430 per week, ensuring strong returns in a highly desirable location. Dont miss your chance to own this gem in the heart of Rutherglen. Contact us today to arrange an inspection and explore the potential of this exceptional property httpswww.consumer.vic.gov.auduediligencechecklist"
-
77.2%
$485K
5.3%
$20,000
-$8,662
4.4%
2.9%
-11.9%
6.0%
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Asking Price
$410,000
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
$1,554
$2,028
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
$11,980
$17,622
Interest Repayments
$24,354
$24,354
Net Cashflow Before Tax
-$12,374
-$6,732
Depreciation
-
-
Tax Offset
-$3,712
-$2,020
Net Cashflow After Tax
-$8,662
-$4,712
Assumptions
Year 1
Year 10
Property Value
6.8%
$459,240
$830,197
Loan Balance
I.O
$369,000
$369,000
$90,240
$461,197
Location, 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
Manufacturing - 22.0%
Agriculture, Forestry and Fishing - 11.0%
Health Care and Social Assistance - 10.0%
Retail Trade - 9.0%
Others - 48.0%
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