$585K
$108,700
Confidence
High
High
$620,000
Medium
$585,000
Low
$550,000
Confidence
Medium
"Welcome to 1 Birch Street, Smeaton, a beautifully renovated weatherboard home set in a quiet location with a stunning country outlook. This property sits on a huge block, perfect for those seeking a spacious and peaceful lifestyle. The home features three bedrooms, one large, tiled bathroom, and three living areas, offering ample space for family living. The kitchen is a standout, boasting a stainless steel oven, dishwasher, and laminate benchtops, including a generous island bench. Charming barn doors in the kitchen bedroom and lounge areas add a touch of rustic charm. Living spaces are enhanced by floating vinyl floorboards and doubleglazed windows, ensuring comfort and energy efficiency throughout. Two cosy woodfires and three split systems for heating and cooling, providing yearround comfort throughout the house. Outside, the property offers an enclosed entertaining area at the back, perfect for hosting gatherings, along with great decking that surrounds the home. The exterior includes a double garage, additional shedding, a carport, and rear access for convenience. A large chook run and water tank add to the propertys appeal, making it ideal for a hobby farm lifestyle. The low maintenance garden is beautifully landscaped, ensuring easy upkeep. 1 Birch Street is not only a familyfriendly home but also features solar panels, a new roof, and plenty of cupboard space throughout, making it both practical and sustainable. With a serene setting and plenty of modern amenities, this property is a perfect blend of comfort, style, and functionality. Creswicks BestSelling Team"
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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 Rental Yield
Average Days of Supply
Sold Price
Asking Price
Asking Price
$585,000
Estimated Purchase Price
$585,000
Stamp Duty
$30,170
Transfer Fee
$1,475
Conveyancing
$1,196
Deposit (10%)
$58,500
Reg. Mortgage
$129
LMI Premium
$16,681
Renovation Costs
-
Total Cash/Equity Required
$108,700
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$13,407
$19,656
Interest Repayments
$34,749
$34,749
Net Cashflow Before Tax
-$21,342
-$15,093
Depreciation
-
-
Tax Offset
-$6,402
-$4,528
Net Cashflow After Tax
-$14,939
-$10,565
Assumptions
Year 1
Year 10
Property Value
6.8%
$624,780
$1,129,454
Loan Balance
I.O
$526,500
$526,500
$98,280
$602,954