$850K
$159,276
"A place to fall in love with, this romantic three bedroom brick cottage on a sizeable 779m2 approx. allotment exudes timeless elegance. Edwardian influences play out in charming character details including original polished hardwood flooring, shiplap wall panelling, picture rails, and chandeliers. Lovely living areas comprise a lounge, dining room, sunroom, and modernised kitchen graced by stone benchtops and stainless steel appliances. Outside, a paved undercover entertaining area and a gazebo offer delightful alfresco appeal, with an above ground fully fenced pool a wonderful highlight. Comfortable bedrooms are serviced by the fully tiled updated bathroom dressed in soothing charcoal hues and featuring a recessed shower with frameless glass surrounds, while a 2nd toilet and internal laundry enhance functionality. The property is sited to provide easy side access to the rear yard with a long side driveway to a 2car garage with rear access, with ample scope to extend or build a 2nd dwelling STCA. Everything is in place for a fairytale lifestyle with solar panels, a storage room, and garden shed. Located within easy reach of the Calder Freeway, multiple primary schools, Kyneton SportsAquatic Centre, Kyneton Town Hall, train station, shops, and supermarkets, as well as the delicious Piper Street dining precinct, this rare gem is perfectly positioned to take full advantage of Kynetons rich local food and arts scene."
Below are some similar properties in the area you may be interested in.
-
84%
$900K
3.1%
$210,000
-$21,448
3.2%
2.3%
-13.5%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,843
$2,405
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
$19,850
$28,858
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$30,640
-$21,632
Depreciation
-
-
Tax Offset
-$9,192
-$6,490
Net Cashflow After Tax
-$21,448
-$15,142
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,132,080
$2,046,531
Loan Balance
I.O
$765,000
$765,000
$367,080
$1,281,531
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply