$640K
$119,197
"This beautifully presented 3bedroom, 1bathroom home is a perfect retreat, offering comfort, convenience, and modern amenities. Recently painted and featuring brandnew curtains throughout, this home is movein ready. Enjoy the spacious openplan living area, complete with a split system for climate control, ensuring your comfort throughout the year. The home is fitted with a 6.6kW solar power system, helping you save on energy costs while reducing your environmental footprint. Outside, the property boasts a large 6x12m shed, ideal for parking two cars or providing ample storage space. The backyard is perfect for entertaining, with a pergola offering a relaxing outdoor space to enjoy BBQs, gatherings, or simply unwinding at the end of the day. Situated close to the picturesque Western Port Bay, youll love the lifestyle that comes with this location. The home is just a short walk from the pier, a park with BBQ facilities, and a general store, making it easy to enjoy the natural beauty of the area while having everyday conveniences at hand. This property is ideal for families, couples, or anyone looking to enjoy coastal living in a wellmaintained, energyefficient home. Dont miss this opportunity to make it yours"
Below are some similar properties in the area you may be interested in.
-
88.7%
$640K
4.5%
$5,000
-$18,235
2.8%
1.9%
-15.3%
6.0%
Asking Price
$640,000
Estimated Purchase Price
$640,000
Stamp Duty
$33,470
Transfer Fee
$1,603
Conveyancing
$1,196
Deposit (10%)
$64,000
Reg. Mortgage
$129
LMI Premium
$18,249
Renovation Costs
-
Total Cash/Equity Required
$119,197
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
$1,567
$2,045
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
$11,967
$17,605
Interest Repayments
$38,016
$38,016
Net Cashflow Before Tax
-$26,049
-$20,411
Depreciation
-
-
Tax Offset
-$7,815
-$6,123
Net Cashflow After Tax
-$18,235
-$14,288
Assumptions
Year 1
Year 10
Property Value
6.8%
$688,860
$1,245,295
Loan Balance
I.O
$576,000
$576,000
$112,860
$669,295
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 16.0%
Health Care and Social Assistance - 13.0%
Education and Training - 12.0%
Construction - 10.0%
Others - 49.0%
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