$695K
$129,694
"Walkin ready for summer days, this renovated cottage sits privately behind gates in the quiet culdesac of Old Don Road. The wide nature strips allow for excellent offstreet parking, if required, however this home boasts excellent access to the rear of the block opening up possibilities of garaging STCA. It complements the easycare nature of the garden, which has excellent flat space for children to play or for a veggie patch A wide deck greets you with a lovely undercover area to the left, plenty of space for outdoor couches or a dining table. Bright and light inside, the modern divider separates the lounge room from the lovely recently renovated kitchen, adding a contemporary feel. With space for a dining table, this kitchen has excellent storage, plenty of benchtop space, dishwasher and double ovens. Ducted gas heating and spilt system ensure all yearround comfort. Double doors open onto a secondary deck, another great entertaining spot, with space for a table, BBQ and lovely outlook. Summer BBQs sorted Through the loungeroom and down the hall, three bedrooms are located, all with robes, master with split system. These rooms are served by a generous family bathroom, with bath and walk in shower and separate toilet. The laundry has also been recently renovated, with excellent storage and external access. A workshopstorage room is under the home, while a garden shed takes care of the mower Movein ready, a lovely, quiet location, easy Yarra Valley living, minutes from schools, Healesville Sanctuary, Badger Weir, Healesville Main St and a local bus stop just down the road Block Size 704m2 approximately Three bedrooms, master with split system Lovely fresh contemporary feel inside and out New kitchen Great rear access Workshopstorage under house Quiet location Please note this property has been virtually staged."
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88.8%
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-$25,000
-$15,720
3.7%
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Asking Price
$695,000
Estimated Purchase Price
$695,000
Stamp Duty
$36,770
Transfer Fee
$1,732
Conveyancing
$1,196
Deposit (10%)
$69,500
Reg. Mortgage
$129
LMI Premium
$19,817
Renovation Costs
-
Total Cash/Equity Required
$129,694
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$18,826
$27,408
Interest Repayments
$41,283
$41,283
Net Cashflow Before Tax
-$22,457
-$13,875
Depreciation
-
-
Tax Offset
-$6,737
-$4,162
Net Cashflow After Tax
-$15,720
-$9,712
Assumptions
Year 1
Year 10
Property Value
6.8%
$715,560
$1,293,562
Loan Balance
I.O
$625,500
$625,500
$90,060
$668,062
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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
Average Days of Supply