$690K
$112,517
"Introducing 10 Echo Street, this spacious and wellappointed 3bedroom, 2bathroom home, situated in a desirable location of Venus Bays 1st Estate. With delightful features and a familyfriendly layout, this property offers comfortable living spaces with convenient access to the shops and patrolled Beach. Throughout the home, youll find a tasteful blend of tiled and wooden flooring, creating a stylish and lowmaintenance living environment. The bedrooms are carpeted for added coziness and warmth. The main bedroom is complete with a walkin robe and a private ensuite. The other two bedrooms are generously sized, featuring builtin robes. The open kitchen, dining, and living area form the heart of this home, providing an ideal space for family gatherings and entertaining guests. Additionally, a second living area provides versatility and space for relaxation or as a dedicated entertainment zone. Each living area is equipped with split systemsreverse cycle air conditioning, ensuring yearround comfort and climate control. Enhancing the outdoor experience, adjacent to the living area is a rear deck. There is also a side patio deck which offers an additional area for outdoor seating and enjoyment. The property benefits from a private access gate, conveniently located at the rear leading directly to the Pandora Reserve, which is equipped with a large kids playground. Making this home ideal for families with young children. This property will not last long, get in touch with our team today"
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78.8%
-
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-$125,000
-$17,092
3.0%
1.9%
-15.2%
6.0%
Asking Price
$690,000
Estimated Purchase Price
$605,000
Stamp Duty
$31,370
Transfer Fee
$1,521
Conveyancing
$1,196
Deposit (10%)
$60,500
Reg. Mortgage
$129
LMI Premium
$17,251
Renovation Costs
-
Total Cash/Equity Required
$112,517
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
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$35,937
$35,937
Net Cashflow Before Tax
-$24,417
-$18,915
Depreciation
-
-
Tax Offset
-$7,325
-$5,675
Net Cashflow After Tax
-$17,092
-$13,241
Assumptions
Year 1
Year 10
Property Value
6.8%
$512,640
$926,731
Loan Balance
I.O
$544,500
$544,500
-$31,860
$382,231
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price