$620K
$97,573
"This spicnspan cedar home, situated between the stunning coastline and Anderson Inlet, is looking for a new family to make it their own. A much loved family beach house featuring a sun drenched, northfacing verandah, constantly utilised and enjoyed for lazy Sunday lunches or the evening BBQ. Inside, a spacious open plan living area with timber beams, a wood heater and a RC air conditioner fill the room with a warm, cosy atmosphere, offering your preferred temperature all year round. The kitchen boasts a big, original chefs oven and is ideal for the weekend chef to cook up a storm The fabulous floor plan offers three bedrooms with builtin robes, the main bedroom is very spacious and located at the opposite end of the house. The bathroom, laundry and toilet are separate. All this is set on a flat, fenced block, approx. 634m2. There is a garden shed, a single car garage and plenty of water with a tank and bore. Quietly tucked into Albert Avenue, yet only a few minutes walk to the community centre, playground and Venus Bays village, plus its an easy walk to beach no.3. This is the ideal, low maintenance property for you. If you have missed the OFI or are unable to be attend at that time, please call our office for a private inspection. Contact us for weekly updates, including addresses of all new properties and for more information, join our Buyers Club, or visit www.pberealestate.com.au To view Due Diligence Checklist, visit httpwww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
78.8%
-
-
-$5,000
-$14,597
3.3%
2.1%
-15.0%
6.0%
Asking Price
$620,000
Estimated Purchase Price
$545,000
Stamp Duty
$27,770
Transfer Fee
$1,381
Conveyancing
$1,196
Deposit (10%)
$54,500
Reg. Mortgage
$129
LMI Premium
$12,048
Renovation Costs
-
Total Cash/Equity Required
$97,573
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
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$32,373
$32,373
Net Cashflow Before Tax
-$20,853
-$15,351
Depreciation
-
-
Tax Offset
-$6,256
-$4,605
Net Cashflow After Tax
-$14,597
-$10,746
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$490,500
$490,500
$86,220
$552,073
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
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 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