$695K
$143,053
"Designed to make the most of its elevated setting and picturesque surrounds, this well presented home offers fantastic family living with views to the Bay and beyond. Set on a 565m2 approx. corner allotment, only steps away from Pettit Park, Rollins Primary, within walking distance of Kardinia International College, Beauford Avenue shops, Bell Park Plaza, 2 minutes approx. from the Ring Road for easy access to Melbourne and the coast, and only 15 minutes approx. from the city, this family friendly location offers a wonderful lifestyle. The classic brick veneer home presents a welcoming appeal on arrival. Inside, the entry leads through to a north facing living area, abundant in natural light with direct access to the balcony, the perfect place to relax in the sun and take in the scenic vista. A woodfire heater creates a cosy atmosphere within, with split system heating and cooling, plus a ceiling fan catering for yearround comfort. An effortless flow takes you to the adjoining dining and kitchen. The updated kitchen features quality cabinetry, modern appliances including Westinghouse 600mm oven, induction cooktop, Euromaid dishwasher, ample bench space and generous storage provisions. Comprising four bedrooms, three rooms are situated on the upper level, all include builtin robes, serviced by a central family bathroom and separate wc. On the ground floor, the spacious master features walkin robes, accompanied by a second bathroom, and a large second living area with bar facilities and builtin seating, perfect for a parents retreat or an impressive entertaining space. A study and laundry on the ground floor add to the excellent functionality of the home. Outside, an undercover entertaining area offers a private space to wine and dine outdoors, overlooking a large secure lawn area for the kids or pets to play. The oversized double garage includes additional storage or workshop space, with direct internal entry for secure and convenient access to the home. Solar panels are installed for excellent energy efficiency. Representing outstanding value, this is an exceptional opportunity to secure a fantastic family home in an established community that offers a lifestyle you will love for years to come. Currently rented at 490 per week."
Below are some similar properties in the area you may be interested in.
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72.3%
$620K
3.8%
-$35,000
-$18,258
3.4%
2.4%
-13.1%
6.0%
Asking Price
$695,000
Estimated Purchase Price
$745,000
Stamp Duty
$39,770
Transfer Fee
$1,849
Conveyancing
$1,196
Deposit (10%)
$74,500
Reg. Mortgage
$129
LMI Premium
$21,243
Renovation Costs
-
Total Cash/Equity Required
$139,236
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
Rates
+3.0% PA
$1,603
$2,092
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
$18,170
$26,439
Interest Repayments
$44,253
$44,253
Net Cashflow Before Tax
-$26,083
-$17,814
Depreciation
-
-
Tax Offset
-$7,825
-$5,344
Net Cashflow After Tax
-$18,258
-$12,470
Assumptions
Year 1
Year 10
Property Value
6.8%
$758,280
$1,370,790
Loan Balance
I.O
$670,500
$670,500
$87,780
$700,290
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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