$650K
$105,837
"This unique, elevated home set on a double block of approx. 1456m2 is oozing with personality. Three bedrooms plus three separate living areas, there is plenty of room for the whole family to enjoy. Be part of the family fun in the light filled living room, relax with a good book in the library separate lounge or enjoy some peace and winter sun in the sun room overlooking the tranquility of the rear garden. Glass doors lead to a veranda where you can enjoy scenic views of the area, just perfect for relaxing unwinding. The kitchen is functional and boasts a huge pantry area. A separate laundry and a combined toiletbathroom complete the floor plan. The home is equipped with a split system air conditioner, solar panels with battery and has a new roof. The home can also run on a generator. Outside the property is fully fenced and boasts landscaped gardens that are easily maintained There is also a carport. Additionally, there is a small pergola ideal as quiet little chill out space. There is a second toilet outside and plenty of water with a bore and tank. All this is so close to the beautiful beaches 8 minute walk to beach no.4, and fishing jetty of Venus Bays Second Estate. If its a large, tranquil home you are seeking, do yourself a favour and inspect this property today If you have missed the OFI or are unable to be attend at that time, please call our office for a private inspection. Contact us for weekly updates, including addresses of all new properties and for more information, join our Buyers Club, or visit www.pberealestate.com.au To view Due Diligence Checklist, visit httpwww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
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83%
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-$30,000
-$15,637
3.2%
2.0%
-14.8%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$570,000
Stamp Duty
$29,270
Transfer Fee
$1,440
Conveyancing
$1,196
Deposit (10%)
$57,000
Reg. Mortgage
$129
LMI Premium
$16,253
Renovation Costs
-
Total Cash/Equity Required
$105,837
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
$2,014
$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
$11,520
$17,022
Interest Repayments
$33,858
$33,858
Net Cashflow Before Tax
-$22,338
-$16,836
Depreciation
-
-
Tax Offset
-$6,702
-$5,051
Net Cashflow After Tax
-$15,637
-$11,785
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$513,000
$513,000
$63,720
$529,573
Did you know you need to engage a conveyancer when buying a property?
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price