$540K
$86,506
"Its Addressed Situated in the heart of Caroline Springs this home is perfect for those looking to purchase their first home, downsize or invest. Primly located, you will be a stones throw away from all your local amenities. Within walking distance of Brookside P9 College, Brookside Recreational Reserve, Public Transport, Christ The Priest Primary School and local parks. As well as a short commute to Caroline Springs Square, Springlake Shopping Centre, Watervale Shopping Centre, you will truly have it all at your doorstep. Comprising of 3 bedrooms with built in Robes. A 2 way bathroom with access from the master and hallway. Evaporative Cooling, wall heater and a reverse cycle split system for year round comfort. Spacious open plan kitchen with with plenty of bench and cupboard space to accommodate. Low maintenance backyard with a pergola for the outdoor entertainers, as well as drive thru access from the carport. Storage shed Whether its your forever home or an investment opportunity, dont let this chance slip by, call today For more Real Estate in Caroline Springs contact your Area Specialist Jordan Chircop on 0452 602 776. Note Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves with any pertinent matters."
Below are some similar properties in the area you may be interested in.
-
72.5%
$760K
3.8%
$40,000
-$10,489
4.3%
3.0%
-11.5%
6.0%
Asking Price
$550,000
Estimated Purchase Price
$510,000
Stamp Duty
$25,670
Transfer Fee
$1,299
Conveyancing
$1,196
Deposit (10%)
$51,000
Reg. Mortgage
$129
LMI Premium
$11,274
Renovation Costs
-
Total Cash/Equity Required
$91,118
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,584
$2,067
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
$15,309
$22,365
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$14,985
-$7,929
Depreciation
-
-
Tax Offset
-$4,495
-$2,379
Net Cashflow After Tax
-$10,489
-$5,550
Assumptions
Year 1
Year 10
Property Value
6.8%
$587,400
$1,061,879
Loan Balance
I.O
$459,000
$459,000
$128,400
$602,879
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price