Withheld
$181,329
"Nestled on an expansive 620 sqm approximate allotment, this charming weatherboard family home presents a myriad of opportunities for the astute buyer. Ideally situated just a stones throw away from Claytons vibrant shopping strip, Clayton train station, Monash Medical Centre, convenient bus transport, and serene local parklands, this location offers unparalleled convenience. What sets this property apart is its original condition, providing a blank canvas for your creativity and vision. Whether you aspire to renovate and expand to tailor it to your unique taste or embark on a redevelopment journey, possibly creating units or townhomes subject to council approval, the possibilities are virtually limitless. Seize this opportunity to transform this family home into your dream residence or embark on an exciting redevelopment project in an enviable location. Dont miss the chance to make your mark in this thriving community. To explore the potential that awaits, contact us today to arrange a viewing and take the first step towards realizing your property dreams."
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3.1%
66.3%
$1.08M
3.5%
$60,000
-$25,150
3.0%
2.2%
-13.9%
6.0%
Asking Price
-
Estimated Purchase Price
$965,000
Stamp Duty
$53,075
Transfer Fee
$2,364
Conveyancing
$1,196
Deposit (10%)
$96,500
Reg. Mortgage
$129
LMI Premium
$27,516
Renovation Costs
-
Total Cash/Equity Required
$181,329
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
$1,741
$2,272
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
$21,392
$31,041
Interest Repayments
$57,321
$57,321
Net Cashflow Before Tax
-$35,929
-$26,280
Depreciation
-
-
Tax Offset
-$10,779
-$7,884
Net Cashflow After Tax
-$25,150
-$18,396
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,094,700
$1,978,957
Loan Balance
I.O
$868,500
$868,500
$226,200
$1,110,457
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
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 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