$445K
$85,584
"Welcome to 64 Nicol Street, Yarram, a wellpositioned lowset brick veneer home offering a great blend of comfort and convenience. Situated in a prime location near the heart of Yarram township, this property is just a stones throw away from schools, parks, shopping, and public transport, making it an ideal choice for families, retirees, or investors. This charming home features ample living spaces adorned with large windows that flood the rooms with natural light and a woodfire heater for great heating. The functional kitchen, with direct access to the carport and driveway, is designed for practicality and ease, offering impressive amenity, storage and workspace for all your cooking requirements. The home boasts three generously sized bedrooms, each equipped with large windows and builtin wardrobes. The wellappointed bathroom is located towards the rear of the home and features both a bath and a shower. Situated on an almost 1000squaremetre block of land, the property includes a spacious backyard and large shed, providing ample storage space for tools, equipment, or hobby materials. Access from Commercial Lane. Additionally, the front garden offers great potential for the new owners to make this property their own. This wellpriced property is a great opportunity for those seeking a home in a superb location with room to grow and personalise. Dont miss out on the chance to make 64 Nicol Street your new address. Contact us today at 03 5114 6552 to arrange a viewing and see the potential for yourself We are open seven days per week."
Below are some similar properties in the area you may be interested in.
4.5%
68.7%
$315K
5.3%
-$265,000
-$12,056
3.6%
2.2%
-14.6%
6.0%
Asking Price
$445,000
Estimated Purchase Price
$465,000
Stamp Duty
$22,970
Transfer Fee
$1,194
Conveyancing
$1,196
Deposit (10%)
$46,500
Reg. Mortgage
$129
LMI Premium
$10,279
Renovation Costs
-
Total Cash/Equity Required
$82,818
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$1,695
$2,212
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
$10,399
$15,389
Interest Repayments
$27,621
$27,621
Net Cashflow Before Tax
-$17,222
-$12,232
Depreciation
-
-
Tax Offset
-$5,167
-$3,670
Net Cashflow After Tax
-$12,056
-$8,563
Assumptions
Year 1
Year 10
Property Value
6.8%
$213,600
$386,138
Loan Balance
I.O
$418,500
$418,500
-$204,900
-$32,362
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price