$459K
-
"Charming and welllocated unit that offers convenience and comfort for families or investors alike. Nestled in a prime location close to schools, shopping centres, and public transport, this property provides easy access to all essential amenities. This home features three spacious bedrooms, each with builtin robes, providing ample storage and a comfortable living environment for the whole family. The generously sized lounge room creates a cozy space to unwind and enjoy time with loved ones, while the adjoining dining area offers a practical setting for family meals and gatherings. The newly renovated kitchen is a standout feature, equipped with a modern stove and ample cabinetry, making meal preparation a breeze. The kitchen leads directly to the backyard, offering an ideal setup for indooroutdoor living and entertaining. The property sits on a goodsized block with a carport and side access to the backyard, offering plenty of parking and the potential for future enhancements or outdoor activities. Whether youre looking to move in or invest, this unit offers a great opportunity in Melton South, with its convenient location and functional layout. Dont miss the chance to make this lovely home yours"
-
75.4%
-
-
-$20,000
-$11,674
3.8%
2.5%
-13.3%
6.0%
Asking Price
$459,000
Estimated Purchase Price
$490,000
Stamp Duty
$24,470
Transfer Fee
$1,252
Conveyancing
$1,196
Deposit (10%)
$49,000
Reg. Mortgage
$129
LMI Premium
$10,832
Renovation Costs
-
Total Cash/Equity Required
$87,429
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,720
$26,644
Property Management
+7.7% PA
$1,441
$2,052
Rates
+3.0% PA
$1,584
$2,067
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
$12,430
$18,266
Interest Repayments
$29,106
$29,106
Net Cashflow Before Tax
-$16,676
-$10,840
Depreciation
-
-
Tax Offset
-$5,003
-$3,252
Net Cashflow After Tax
-$11,674
-$7,588
Assumptions
Year 1
Year 10
Property Value
6.8%
$501,960
$907,424
Loan Balance
I.O
$441,000
$441,000
$60,960
$466,424
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow are some similar properties in the area you may be interested in.
Location, 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
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
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