$450K
$71,750
"Discover the perfect opportunity to settle into a charming family home at 10 Mitchell Drive, Cardigan Village. This threebedroom brick veneer home combines comfort, space, and a welcoming atmosphere, making it an ideal choice for families seeking a serene yet convenient lifestyle. With its spacious layout and delightful features, this property offers everything you need for comfortable living. The home boasts a master bedroom with an ensuite, two additional spacious bedrooms, and a second family bathroom, ensuring ample space for everyone. The formal living and dining areas provide a perfect setting for entertaining guests, while the openplan kitchen and living area, complete with a cozy log fireplace, is ideal for family gatherings. Enjoy yearround comfort with underfloor zoned heating and take advantage of the 690m corner block that includes a double carport and a separate shed, perfect for a workshop or extra storage. Outside you can enjoy the decked entertaining area with plenty of scope to reconfigure into your own private oasis. Located across from parklands, this property offers a tranquil setting while being conveniently close to amenities. A short drive will take you to Lake Burrumbeet, where you can enjoy various outdoor activities and recreation. Additionally, the Lucas Coltman Plaza is nearby, providing easy access to shopping and dining options. Dont miss this chance to make 10 Mitchell Drive your new homecontact us today to arrange a viewing"
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
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
-
93%
-
-
-$35,000
-$9,928
4.2%
2.7%
-12.8%
6.0%
Asking Price
$470,000
Estimated Purchase Price
$435,000
Stamp Duty
$21,170
Transfer Fee
$1,124
Conveyancing
$1,196
Deposit (10%)
$43,500
Reg. Mortgage
$129
LMI Premium
$9,616
Renovation Costs
-
Total Cash/Equity Required
$77,284
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
$1,877
$2,449
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
$11,657
$17,201
Interest Repayments
$25,839
$25,839
Net Cashflow Before Tax
-$14,182
-$8,638
Depreciation
-
-
Tax Offset
-$4,255
-$2,592
Net Cashflow After Tax
-$9,928
-$6,047
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$391,500
$391,500
$35,700
$380,776
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