$449K
$80,050
"Welcome to Avoca, the heart of the Pyrenees District in country Victoria. This residence, located at 9 High Street, presents a threebedroom brick home with a spacious double carport at the front and a garage at the rear. The home exudes street appeal. Inside, discover a welldesigned kitchen with electric cooking and ample storage. The lounge seamlessly combines formal dining and a sitting area, featuring a generous wood fire for winter warmth, complemented by ceiling fans and a reverse cycle split system. The dining area is adjacent to the kitchen. The main bedroom boasts a reverse cycle split system and a walkthrough robe, and it could be converted to an ensuite if it suits you. The property also showcases a superb alfresco entertaining area for yearwith family and friends, and perfect for both indoor and outdoor plants. The backyard offers additional seating amid an established garden with various fruit trees, a vegetable garden, and a storage shed. This home is equipped for modern living with solar power back to the grid, natural gas availability, and watersewage connections. Caravan owners will appreciate the dedicated parking space. If youre searching for your next property, dont hesitate to reach out and start a conversation today."
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-$10,222
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Asking Price
$450,000
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
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
$1,407
$1,836
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
$12,127
$17,814
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$14,603
-$8,916
Depreciation
-
-
Tax Offset
-$4,381
-$2,675
Net Cashflow After Tax
-$10,222
-$6,241
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 28.0%
Public Administration and Safety - 14.0%
Manufacturing - 8.0%
Health Care and Social Assistance - 8.0%
Others - 42.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price