$280K
$50,878
"Nestled in a quiet street, this 3bedroom weatherboard home exudes character and charm, ideally located close to Stawells North Park complex. With the aquatics centre, tennis courts, football oval, netball courts, cricket nets, skatepark, and athletics area just a short stroll away, youll enjoy the convenience of having all these amenities nearby. Set on a spacious 1016m approx. block, the property features the added benefit of rear lane access, making it even more versatile. While the home requires some TLC, it presents a fantastic opportunity for those eager to renovate and bring their vision to life. Inside, high ceilings enhance the sense of space and light throughout. The home includes three generously sized bedrooms plus a study, offering ample space for the entire family. The large lounge area, complete with a split system, is an inviting space to relax and unwind. The kitchen, though basic, features a gas cooktop and a walkin pantry, with a cozy dining area adjacent. The bathroom is partially finished, giving the new owner a blank canvas to complete it according to their taste and style. Outside, the expansive block offers plenty of room for outdoor activities, gardening, or future extensions. A carport provides secure parking, while an additional 9m x 7m colourbond shed is a versatile space for storage or entertaining with convenient access to the rear lane available. With its prime location, rear lane access, and endless potential, this weatherboard home is an ideal opportunity for those looking to invest in a quiet yet convenient part of Stawell. Dont miss out on this property with great potential in a soughtafter location"
Below are some similar properties in the area you may be interested in.
-
80.3%
$290K
6.5%
$5,000
-$3,918
6.2%
4.0%
-7.8%
6.0%
Asking Price
$280,000
Estimated Purchase Price
$295,000
Stamp Duty
$12,770
Transfer Fee
$796
Conveyancing
$1,196
Deposit (10%)
$29,500
Reg. Mortgage
$129
LMI Premium
$5,041
Renovation Costs
-
Total Cash/Equity Required
$49,981
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,608
$2,098
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
$11,926
$17,551
Interest Repayments
$17,523
$17,523
Net Cashflow Before Tax
-$5,597
$28
Depreciation
-
-
Tax Offset
-$1,679
$9
Net Cashflow After Tax
-$3,918
$20
Assumptions
Year 1
Year 10
Property Value
6.8%
$320,400
$579,207
Loan Balance
I.O
$265,500
$265,500
$54,900
$313,707
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Agriculture, Forestry and Fishing - 13.0%
Manufacturing - 12.0%
Retail Trade - 10.0%
Others - 48.0%
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