$330K
$56,261
"This fourbedroom colorbondclad home in popular Mortlake, set on a large quarteracre block, is sure to be an appealing option at this affordable price point. Spacious back yard with plenty of room to build a shed, the home also has size in its favour with room for a family, and there are two toilets as well. Main bedroom with a walkinrobe, and there are builtinrobes in the other bedrooms. Split system heating and cooling. All within walking distance to the shops, eateries and pubs along the main street. Mortlake is a progressive town in Southwest Victoria, 50 kilometres from Warrnambool and the coastline. Contact us now to arrange your inspection by appointment. Disclaimer For Statement Of Information Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements boundary indications are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm."
Below are some similar properties in the area you may be interested in.
-
74.5%
-
-
$15,000
-$5,284
5.5%
3.6%
-9.4%
6.0%
Asking Price
$329,900
Estimated Purchase Price
$330,000
Stamp Duty
$14,870
Transfer Fee
$878
Conveyancing
$1,196
Deposit (10%)
$33,000
Reg. Mortgage
$129
LMI Premium
$5,639
Renovation Costs
-
Total Cash/Equity Required
$56,261
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
$1,480
$1,931
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
$12,054
$17,718
Interest Repayments
$19,602
$19,602
Net Cashflow Before Tax
-$7,548
-$1,884
Depreciation
-
-
Tax Offset
-$2,265
-$565
Net Cashflow After Tax
-$5,284
-$1,318
Assumptions
Year 1
Year 10
Property Value
6.8%
$368,460
$666,088
Loan Balance
I.O
$297,000
$297,000
$71,460
$369,088
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
Agriculture, Forestry and Fishing - 35.0%
Manufacturing - 16.0%
Accommodation and Food Services - 6.0%
Health Care and Social Assistance - 6.0%
Others - 37.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price