$559K
$117,288
"This modern home on one acre at Woodside is ready, set to go. This large open plan family home has lots of room and loads of storage. With the 3 bay barn shed you can store the boat and caravan with room for the vehicles and more. Features include Large open plan living area Large kitchen with pantry Double glazed windows 3 bedrooms, main with ensuite and large WIR 4th room for a study or rumpus room for the kids Large 3 bay barn type shed Native gardens with a thriving orchard This home is positioned back from the road nestled into the trees with loads of privacy. Within walking distance to the Woodside Beach Hotel and the local primary school on a bitumen road on the school bus route. Close by is the Woodside Recreation Reserve. All of the hard work has been done for you here, with all of the infrastructure in place. You couldnt buy land and build for this competitive price. Woodside is a thriving little hamlet with new builds and loads of energy. Close to the Ninety Mile Beach and the renowned Woodside Surf Life Saving Club. A short 20 minute drive to Yarram for all of your shopping needs and a 35 minute drive to Sale. You have the best of both worlds at this location. Call Jane today for an inspection on 0427 826600 For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist Or call us on 03 51826600"
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Asking Price
$559,000
Estimated Purchase Price
$630,000
Stamp Duty
$32,870
Transfer Fee
$1,580
Conveyancing
$1,196
Deposit (10%)
$63,000
Reg. Mortgage
$129
LMI Premium
$17,964
Renovation Costs
-
Total Cash/Equity Required
$117,288
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,695
$2,212
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
$52,635
$75,504
Interest Repayments
$37,422
$37,422
Net Cashflow Before Tax
$15,213
$38,082
Depreciation
-
-
Tax Offset
$4,564
$11,425
Net Cashflow After Tax
$10,649
$26,658
Assumptions
Year 1
Year 10
Property Value
6.8%
$224,280
$405,445
Loan Balance
I.O
$567,000
$567,000
-$342,720
-$161,555
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
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