$445K
$87,428
"Nestled in a serene location just a short walk from Terangs town center, this property occupies an easily manageable 822m2 block. The well maintained brick veneer home, dating back to approximately the 1960s, has recently undergone interior updates including new carpets and fresh paint. The home features three bedrooms, each equipped with built in robes. The central family bathroom includes a single vanity, toilet, separate bath, and shower, completed by new linoleum flooring that extends into the laundry. The kitchen dining area is spacious and wellappointed, offering ample cupboard space and electric cooking facilities. Comfort is ensured yearround with heating provided by a wood heater and cooling via a reverse cycle air conditioner. Situated at the rear, the property boasts uninterrupted views of Mt Noorat and is conveniently positioned opposite the Terang health service. Local schools are just a short stroll away, enhancing the propertys appeal. An inspection is a must and will sure impress, strictly by appointment."
Below are some similar properties in the area you may be interested in.
-
82.5%
$475K
5.2%
-$35,000
-$10,249
4.3%
2.9%
-12.0%
6.0%
Asking Price
$445,000
Estimated Purchase Price
$480,000
Stamp Duty
$23,870
Transfer Fee
$1,229
Conveyancing
$1,196
Deposit (10%)
$48,000
Reg. Mortgage
$129
LMI Premium
$10,611
Renovation Costs
-
Total Cash/Equity Required
$85,584
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
$2,063
$2,692
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
$13,870
$20,373
Interest Repayments
$28,512
$28,512
Net Cashflow Before Tax
-$14,642
-$8,139
Depreciation
-
-
Tax Offset
-$4,392
-$2,442
Net Cashflow After Tax
-$10,249
-$5,697
Assumptions
Year 1
Year 10
Property Value
6.8%
$475,260
$859,157
Loan Balance
I.O
$432,000
$432,000
$43,260
$427,157
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
Agriculture, Forestry and Fishing - 32.0%
Health Care and Social Assistance - 11.0%
Manufacturing - 8.0%
Retail Trade - 8.0%
Others - 41.0%
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