$790K
$163,093
"Finish off what the current owners have started, this neat and tidy 3 bedroom home is perfectly liveable as is, yet offers the opportunity to improve on in the future when the time is right for you Privately set back behind an established garden with a pet friendly fully fenced back yard, this home is surprisingly spacious throughout, offering 2 living rooms, 3 good sized bedrooms and 2 updated bathrooms with a central toilet. Whilst preparing the evening meals watch the kids at play in the rear garden where a magnificent tree takes pride of place, offering shade in the summer months. The spacious carport is complemented by double gates that lead into the garden, offering vehicle access to the yard, ideal for parking the boat, trailer or extra cars. There are many things to love about this area, such as how kids walk to and from school each day, venture to the local parks on foot, and visit the shops for a treat after school, and on the weekends enjoy catching up with family and friends at the local caf this truly is a family friendly location. If you havent explored the area yet, do yourself a favour and take the kids to Wittenberg Reserve which is adjacent to Robinsons Park. There is a cute playground with a toilet block, a picnic area, and bush land to walk the dogs or explore nature, and if youre wanting a slightly longer walk, Langwarrin Flora and Fauna Reserve is very close by and according to Google, you can even walk to the recently upgraded Karingal Hub Shopping Centre in 39 minutes Dont let this one pass you by, give one of the team a call on 0402 285 698 and arrange your own private tour. Photo ID required to view this property Our team at Janice Dunn Estate Agents has put in diligent efforts to gather and present the information provided to you in good faith. However, we cannot guarantee the accuracy of the information, whether presented in written or verbal form. If you are considering this property, we strongly advise you to conduct your own research and make all necessary enquiries to ensure that all information is accurate to your satisfaction."
2.5%
71.8%
$925K
3.5%
-$65,000
-$23,414
2.8%
2.0%
-14.8%
6.0%
Asking Price
$785,000
Estimated Purchase Price
$845,000
Stamp Duty
$45,770
Transfer Fee
$2,083
Conveyancing
$1,196
Deposit (10%)
$84,500
Reg. Mortgage
$129
LMI Premium
$24,094
Renovation Costs
-
Total Cash/Equity Required
$158,322
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
$50,193
$50,193
Net Cashflow Before Tax
-$33,449
-$25,785
Depreciation
-
-
Tax Offset
-$10,035
-$7,736
Net Cashflow After Tax
-$23,414
-$18,050
Assumptions
Year 1
Year 10
Property Value
6.8%
$833,040
$1,505,938
Loan Balance
I.O
$760,500
$760,500
$72,540
$745,438
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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