$690K
$138,282
"Enter via service road With solid construction, superb gardens, and a sensational location within walking distance of Belgrave township, this impressive 791sqm approx. property is a dream investment. From the covered verandah, this brick home opens into a bright and versatile interior. The lounge with rich timber flooring flows into the dinein kitchen with stainless steel gas cooker, ample pantry, and access to the rear deck. The main bedroom with builtin robe and the stylish bathroomlaundry with crisp white vanity also reside on this level to ensure this is a selfcontained space. On the lower level, the 2nd bedroom adjoins the adaptable 3rd bedroomstudysitting room with builtin robe. From here, step out to the aggregate patio and pathway that meanders down to the relaxing creek and extensive veggie garden with raised planting beds and generous garden shed. Further features include gas ducted heating, split system heatingcooling, and allocated offstreet parking. A brilliant blend of indoor and outdoor spaces to enjoy, this property promises to make a lasting impression. Plan your viewing today. Leafy location within easy reach of Belgrave township and train station Established gardens with veggie beds, shed, and aggregate pathways Quality brick residence with elevated outlooks Lounge with timber floors and modern kitchen with deck access Versatile bedrooms and stylish bathroomlaundry. Please note All information provided has been obtained from sources believed to be accurate, however, we cannot guarantee the information is accurate. Interested parties should make their own enquiries obtain their own legal advice. We accept no liability for any errors or omissions including but not limited to a propertys land size, floor plans, size, building age or condition."
Below are some similar properties in the area you may be interested in.
-
88.2%
$860K
4.4%
-$20,000
-$19,271
3.2%
2.2%
-13.9%
6.0%
Asking Price
$690,000
Estimated Purchase Price
$740,000
Stamp Duty
$39,470
Transfer Fee
$1,837
Conveyancing
$1,196
Deposit (10%)
$74,000
Reg. Mortgage
$129
LMI Premium
$21,100
Renovation Costs
-
Total Cash/Equity Required
$138,282
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,907
$2,488
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
$16,426
$23,993
Interest Repayments
$43,956
$43,956
Net Cashflow Before Tax
-$27,530
-$19,963
Depreciation
-
-
Tax Offset
-$8,259
-$5,989
Net Cashflow After Tax
-$19,271
-$13,974
Assumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$666,000
$666,000
$102,960
$724,097
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
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price