$890K
$160,230
"This property is close to everything people like about Daylesford The lakes, the shops and restaurants. This Art decoBungalow is an established holiday destination currently on the holiday rental market, but also suitable for permanent rental, private holiday destination or family home. A well looked after 2 bedroom cottage set on a 656m block, NRZ Neighbourhood Residential Zone. A two bedroom cottage set well back for peace and privacy, ample onsite parking. A 2bedroom country cottage with decking on large block with an established garden. This north facing home on a sunny day is flooded with sunlight. The spacious deck overlooks a spacious and private garden. In addition to the 2 bedrooms there is a central gas ducted heating system and, a split system in the open living area. A suitably equipped open plan kitchen, a cosy lounge with art deco touches, a bathroom with separate bath and shower, also beautiful polished boards throughout. A separate garage is at the rear of the block. 100 central Springs Road, Daylesford has been operating for the last 15 years as weekend accommodation. In other words, a proven performer and still going. Depending on the buyers needs, this solid investment has flexible options and further scope for improvement We recommend an inspection."
Below are some similar properties in the area you may be interested in.
2%
44.8%
$1.19M
2%
-$100,000
-$29,444
2.2%
1.5%
-16.5%
6.0%
Asking Price
$950,000
Estimated Purchase Price
$950,000
Stamp Duty
$52,070
Transfer Fee
$2,329
Conveyancing
$1,196
Deposit (10%)
$95,000
Reg. Mortgage
$129
LMI Premium
$27,088
Renovation Costs
-
Total Cash/Equity Required
$178,361
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,566
$2,043
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
$14,367
$21,022
Interest Repayments
$56,430
$56,430
Net Cashflow Before Tax
-$42,063
-$35,408
Depreciation
-
-
Tax Offset
-$12,619
-$10,622
Net Cashflow After Tax
-$29,444
-$24,786
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$855,000
$855,000
$52,800
$786,086
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
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
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