$1.7M
$322,184
"Showcase offplan Opportunity with pool. Spectacular highend living in a superb lifestyle location awaits the fortunate buyer of this fabulous offplan opportunity, with construction commenced Elevated on the high side on Greville Road, with a prized position of 650m to Banyule Primary School you will have everything your family requires at your fingertips. This designer 27sqm home is surrounded by beautiful parklands, sporting fields, the Yarra walking and bike tracks, all while being stones throw away from vibrant Burgundy St retail, grocers, eateries and train stations, Austin Hospital major medical precinct, OLMC College, Ivanhoe Girls Grammar, Viewbank College all close by. This showcase homes striking faade will feature a beautiful blend of elements and a convenient double garage with access inside via the generous laundry. The hub of the home on the entry level is geared for a seamless garden connection that will be the envy of family and friends. Designed to entertain, the large gourmet kitchen and meals area includes an open plan and spacious floorplan with striking 2m island bench, topped with exquisite granite stone and your own builtin bar. High ceilings, rich floorboards, and expanses of glass and natural light will feature throughout the living area, meals area, opening onto a chic east facing alfresco area with an inground swimming pool and landscaped garden which could easily be converted to a custom basketball court, you wont believe your luck that you have found this new property listing. Upstairs, 4 impressive bedrooms await. The master suite will be enriched with a magazineworthy ensuite and a spacious walkin robe. There will also be a secondary ensuite bedroom, 2 family bedrooms with builtin robes, and a luxurious bathroom with rain shower and freestanding tub. With additional highlights including ducted heating and cooling, European appliances, custom built TV unit, LED bathroom lighting, linen storage, garden shed, downstairs powder room and more. This unique opportunity wont remain on the market for long, so for more information contact us today."
-
84.6%
$1.3M
2.9%
-
-$44,712
2.7%
2.2%
-13.9%
6.0%
Asking Price
$1,700,000
Estimated Purchase Price
$1,700,000
Stamp Duty
$93,500
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$170,000
Reg. Mortgage
$129
LMI Premium
$53,194
Renovation Costs
-
Total Cash/Equity Required
$322,184
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$45,760
$65,131
Property Management
+7.7% PA
$3,524
$5,015
Rates
+3.0% PA
$1,866
$2,435
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
$37,105
$53,421
Interest Repayments
$100,980
$100,980
Net Cashflow Before Tax
-$63,875
-$47,559
Depreciation
-
-
Tax Offset
-$19,162
-$14,268
Net Cashflow After Tax
-$44,712
-$33,291
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,815,600
$3,282,173
Loan Balance
I.O
$1,530,000
$1,530,000
$285,600
$1,752,173
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2021 Population
Suburbs
Health Care and Social Assistance - 31.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Construction - 7.0%
Others - 41.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply