$1.8M
$382,979
"Indulging families with seemingly endless space, this extraordinary doublestorey home is just waiting to be enjoyed by the large or extended family, with multiple living zones, enticing outdoor entertaining options and a magnificent 3135sqm approx. allotment. Perfectly configured with potential to update STCA, the homes expansive layout lures you inside via a welcoming entry foyer that provides ample space to greet guests as they arrive. The freedom of open plan living is displayed throughout the home, with both the upstairs and downstairs floorplans offering a fullyequipped kitchen, meals and family room with the upper level boasting a walkinpantry, while downstairs offers the convenience of stone benches, glass splashback, breakfast bench plus a combustion fireplace. Adding further to the homes appeal is a massive lounge room with bay window, wet bar and sliding doors extending out onto a wonderful entertainers verandah, while the downstairs rumpus room with bar steps out onto the backyard where youll discover a paved entertaining area, alfresco with builtin BBQ, outdoor powder room, mancavefunction room with open fireplace, ceiling fan, sink, BBQ and woodfired grill with rangehood. Wandering around to the front of the home, extensive gardens provide a tranquil ambience with lush gardens, towering palm trees and waterfall. Certain to entice the growing or extended family, the four robed bedrooms plus provide ample accommodation and include ensuites, including the master suite with walkinrobe, storage cupboard, ensuite and sliding door access to the rear verandah. Supplemented by a twin vanity bathroom with toilet, spa bathroom with toilet, powder room and large laundry. Additionally complemented with a study with storage room and separate access, ducted heating, refrigerated air conditioning, alarm, security shutters, ducted vacuum plus fourcar garage. Nestled on a tranquil 3134sqm allotment, close to Wandin North cafs and shops, Lilydale shops, buses and train, Warburton Rail Trail, Wandin North Primary, Wandin Yallock Primary, Yarra Hills Secondary, only a short drive to Yarra Valley restaurants and cafes."
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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
-
83.7%
-
-
-$325,000
-$60,942
2.0%
1.6%
-15.9%
6.0%
Asking Price
$1,800,000
Estimated Purchase Price
$2,025,000
Stamp Duty
$111,625
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$202,500
Reg. Mortgage
$129
LMI Premium
$63,363
Renovation Costs
-
Total Cash/Equity Required
$382,979
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,907
$2,488
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
$33,225
$47,902
Interest Repayments
$120,285
$120,285
Net Cashflow Before Tax
-$87,060
-$72,383
Depreciation
-
-
Tax Offset
-$26,118
-$21,715
Net Cashflow After Tax
-$60,942
-$50,668
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,815,600
$3,282,173
Loan Balance
I.O
$1,822,500
$1,822,500
-$6,900
$1,459,673
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