$909K
$187,834
"This exceptional brick veneer home is ready for its next chapter, offering the perfect opportunity for a family seeking space, comfort, and a prime location. Nestled in the heart of Bell Post Hill, this 4bedroom, 4living area home also includes a study, workshop, and gymideal for a growing family. From the secondfloor living, dining, and family zone, youll enjoy breathtaking, yearround views of Corio Bay and beyond. This sundrenched space, and elegant timber floors, provides a peaceful haven for your family and guests, framed by expansive windows showcasing the stunning Geelong vista. The recently renovated kitchen features 40mm stone countertops, a wide breakfast bar, stainless steel wall oven, gas cooktop, and dishwasher. With ample bench space and a breakfast bar, it seamlessly connects to a large dining and living area that opens onto a spacious northfacing alfrescoperfect for entertaining or relaxing. The homes four generous bedrooms all come with builtin robes for ample storage, while the master suite boasts a walkin robe and a newly renovated ensuite. A central bathroom with separate shower and bath caters to the rest of the households needs. Downstairs, the garage, workshop, and gym provide endless possibilities. Whether youre dreaming of a workshop, hobby space, teen retreat, guest room, or home office, this versatile area can be customized to suit your needs. With excellent schools nearby, including Kardinia International College and Covenant College, as well as kindergartens, supermarkets, and easy access to the ring road for Melbourne and Surf Coast commutes, this location is unbeatable for family convenience. This home offers a wonderful opportunity for a family ready to grow and thrive in a welcoming, familyfriendly environment. Move in and enjoy it as is, with the option to add modern touches at your own pace. Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent. Photo ID is required at all open for inspections."
Below are some similar properties in the area you may be interested in.
4%
82%
$585K
4.3%
-$25,000
-$25,470
2.9%
2.2%
-13.9%
6.0%
Asking Price
$909,000
Estimated Purchase Price
$975,000
Stamp Duty
$53,625
Transfer Fee
$2,387
Conveyancing
$1,196
Deposit (10%)
$97,500
Reg. Mortgage
$129
LMI Premium
$27,801
Renovation Costs
-
Total Cash/Equity Required
$183,188
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,603
$2,092
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
$21,530
$31,221
Interest Repayments
$57,915
$57,915
Net Cashflow Before Tax
-$36,385
-$26,694
Depreciation
-
-
Tax Offset
-$10,916
-$8,008
Net Cashflow After Tax
-$25,470
-$18,686
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$877,500
$877,500
$137,100
$956,655
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%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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