$450K
$80,050
"This 3 bed 2 bath home has been fully renovated and makes an ideal 1st home, downsizer or investment with nothing left to do. The home gives you a real cosy feeling from the moment you walk into the lounge room, with polished floor boards, large north facing windows, solid wood heater, split system and ceiling fans. The kitchen is tastefully renovated with ample bench space and cupboards, copper sink, electric cook top and over, dishwasher and pantry and room for a dining table. 3 large bedrooms with new carpet and plenty of space for freestanding wardrobes. The master is north facing and has an ensuite with shower, toilet and vanity. Central bathroom with large freestanding bath, corner shower, vanity and toilet. Externally is a rear deck ideal for relaxing and the BBQ, a fire pit, single car garage and a fully enclosed rear yard. The front yard is landscaped with new path front fence and a deck making the ideal spot for the morning coffee. Glimpses of Wilsons Prom and the Corner Inlet from the deck and rear bedrooms. A rare opportunity in Toora to secure a fully renovated home at a reasonable price. Contact our office to arrange a private inspection."
Below are some similar properties in the area you may be interested in.
3%
76.1%
-
-
-$5,000
-$11,095
4.1%
2.7%
-12.8%
6.0%
Asking Price
$485,000
Estimated Purchase Price
$485,000
Stamp Duty
$24,170
Transfer Fee
$1,241
Conveyancing
$1,196
Deposit (10%)
$48,500
Reg. Mortgage
$129
LMI Premium
$10,722
Renovation Costs
-
Total Cash/Equity Required
$86,507
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
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
$12,959
$19,071
Interest Repayments
$28,809
$28,809
Net Cashflow Before Tax
-$15,850
-$9,738
Depreciation
-
-
Tax Offset
-$4,755
-$2,921
Net Cashflow After Tax
-$11,095
-$6,816
Assumptions
Year 1
Year 10
Property Value
6.8%
$512,640
$926,731
Loan Balance
I.O
$436,500
$436,500
$76,140
$490,231
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
Average Days of Supply