$885K
$183,188
"This impressive family residence is ideally located within walking distance to Namatjira Reserve, Bald Hill Park, St Andrews Primary School, Clayton South Primary School, and only minutes drive to Clayton Shopping District, Clayton Community Centre, Clayton Train Station, bus stops, Monash University, MCity, IKEA Springvale Homemaker Centre, Monash Medical Centre, Monash Childrens Hospital and Chadstone Shopping Centre. As you enter this freshly painted family home, youll be greeted by natural light streaming through the living area, providing a comfortable and warm space for unwinding and socializing. The functional kitchen with plenty of bench space, featuring ample storage options and a cosy dining area, makes meal preparation a pleasure. Three goodsized bedrooms, two of which come with BIRs. Every room is designed to offer comfort and privacy, ensuring that each family member feels comfortable at home. The spacious backyard is perfect for outdoor activities, providing the perfect setting for relaxation and entertaining family and friends. Other features include evaporative cooling, gas heater and split air conditioning system in the living room, single garage with secure parking, and much much more Inspect now Disclaimer We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. httpwww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
82.1%
$945K
4.4%
$100,000
-$22,481
2.9%
2.0%
-14.6%
6.0%
Asking Price
$885,000
Estimated Purchase Price
$820,000
Stamp Duty
$44,270
Transfer Fee
$2,025
Conveyancing
$1,196
Deposit (10%)
$82,000
Reg. Mortgage
$129
LMI Premium
$23,381
Renovation Costs
-
Total Cash/Equity Required
$153,550
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
$1,741
$2,272
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
$16,592
$24,209
Interest Repayments
$48,708
$48,708
Net Cashflow Before Tax
-$32,116
-$24,499
Depreciation
-
-
Tax Offset
-$9,635
-$7,350
Net Cashflow After Tax
-$22,481
-$17,149
Assumptions
Year 1
Year 10
Property Value
6.8%
$982,560
$1,776,235
Loan Balance
I.O
$738,000
$738,000
$244,560
$1,038,235
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 8.0%
Others - 52.0%
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