$730K
$150,687
"Step into a delightful blend of retro charm and modern comfort at this stunning 674m brick home. Nestled in a tranquil Frankston neighbourhood, this midcentury inspired residence showcases unique details and spacious living areas perfect for family living and entertaining. The large living room invites you in with plush carpeting, abundant natural light, and a striking timber feature wall. A servery window opens to the retro kitchen, boasting tiled walls, a Chef oven, and ample storage for all your culinary needs. Enjoy family meals in the cozy dining room, complete with builtin cabinetry, a split system for climate control, and sliding glass doors that lead to your undercover outdoor entertaining area. This home features four generous bedrooms, two with builtin robes, and the master suite offering a walkin robe, ensuite, and split system for added comfort. The main bathroom is a retreat in itself, featuring a bathtub, timber vanity, tiled shower, and a separate toilet for convenience. The outdoor space is perfect for gatherings, with a tiled entertaining area equipped with blinds, overlooking a grassy backyard adorned with garden beds. Additional highlights include a separate laundry, secure single carport, shed, outdoor security shutters, 3kw solar system, Bosch security system and a spacious front driveway with extra parking. Dont miss this opportunity to own a piece of midcentury charm in a prime location. Conveniently located close to a nature reserve, walking distance to Frankston Heights Primary School, close to Monash University, Frankston Hospital, Heatherhill and Towerhill shops, and within the Mount Erin Secondary College zone, this home offers the perfect blend of tranquility and accessibility."
Below are some similar properties in the area you may be interested in.
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78.4%
$805K
4%
-$20,000
-$20,919
3.0%
2.1%
-14.2%
6.0%
Asking Price
$730,000
Estimated Purchase Price
$785,000
Stamp Duty
$42,170
Transfer Fee
$1,943
Conveyancing
$1,196
Deposit (10%)
$78,500
Reg. Mortgage
$129
LMI Premium
$22,383
Renovation Costs
-
Total Cash/Equity Required
$146,870
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,589
$2,073
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
$16,744
$24,408
Interest Repayments
$46,629
$46,629
Net Cashflow Before Tax
-$29,885
-$22,221
Depreciation
-
-
Tax Offset
-$8,965
-$6,666
Net Cashflow After Tax
-$20,919
-$15,555
Assumptions
Year 1
Year 10
Property Value
6.8%
$817,020
$1,476,978
Loan Balance
I.O
$706,500
$706,500
$110,520
$770,478
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2021 Population
Suburbs
Health Care and Social Assistance - 20.0%
Retail Trade - 13.0%
Construction - 9.0%
Education and Training - 9.0%
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