$468K
$83,739
"Comfortable 3bedroom home, situated on a prime 2,041m2 corner block, with lovely gardens, great shedding and handy officestudio. Home Formal lounge with lovely window outlooks, split system heating cooling unit, along with a standalone combustion wood heater. Second family lounge tv room with access to the 3rd bedroom, ideal area for those who want their own space, with siding door out onto side verandah decking area. Open plan kitchen dining area, featuring a 4burner gas stove, electric oven, good sized pantry, ample cupboards and benches. Direct door from the dining room to the undercover entertainment decking area. Ducted evaporative cooling, to all main rooms. Central hallway leads to family bathroom, laundry, and separate toilet. 3 comfortable bedrooms, 2 with double built in robes. There is disabled railing in areas of the home including a sunken bath, lowered toilet and walk in shower. Timber flooring, carpet, and vinyl coverings around home. Amenities Structure Mains power with handy 7 panel solar system running back to power grid, solar hot water system, town water connected, grey water runs into the garden, sewerage connected, and NBN internet available. Steel insulated roof, concrete stumps, and durable clad exterior. Gardens Lovely surrounding gardens with varieties of mature shade trees, shrubs, and plantings. Sprawling easy care lawns, and a handy enclosed vegie garden including an advanced fig tree. Outdoor Improvements Land Attached undercover rear decking with shade cloth, great for entertaining family and friends. Side verandah and decking. Stand Alone Studio Office Previously used for former Computer business but could have many uses. Small porch. Fencing to 2 boundaries, with crossover access for vehicles from both Tulip and Orchid Street. Rotating driveway passes through the attached carport with concreted flooring, single car garage workshop with concreted flooring and power, 3 x 3 mt concreted garden shed and paved area to rear of home. Highlights of Violet Town Violet Town is situated just of the Hume Fwy around 1hr 45min driving from Melbourne. Surrounding regional towns including 15 mins to Euroa, 20 mins to Benalla and around 35 minutes to Shepparton. Violet town is renowned for its monthly community market running for over 40 years. The market has over 200 stalls and is not to be missed with people driving from large distances to come and enjoy what it has to offer There are great sporting and community groups such as the Lions Club, Probus, Garden Club, Opp shop support group. Sporting groups include football, netball, tennis and lawn bowls. The township also has local supermarket, several cafes, doctor surgery and chemist, kinder and primary school, swimming pool, hairdresser, produce store, train services along with one of our areas best aged care nursing facility."
Below are some similar properties in the area you may be interested in.
2.4%
71.7%
$570K
3.9%
$180,000
-$8,832
4.8%
3.3%
-10.2%
6.0%
Asking Price
$485,000
Estimated Purchase Price
$485,000
Stamp Duty
$24,170
Transfer Fee
$1,241
Conveyancing
$1,196
Deposit (10%)
$48,500
Reg. Mortgage
$129
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$86,507
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
$2,142
$2,795
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
$16,191
$23,686
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$12,618
-$5,123
Depreciation
-
-
Tax Offset
-$3,785
-$1,537
Net Cashflow After Tax
-$8,832
-$3,586
Assumptions
Year 1
Year 10
Property Value
6.8%
$710,220
$1,283,909
Loan Balance
I.O
$436,500
$436,500
$273,720
$847,409
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply