$950K
$196,197
"A Forever Home for Every Family Need PictureThis A family forever home with endless space and divine, lightfilled style. Set in one of Lakewoods most esteemed positions, this 4bedroom, 4lounge home presents a showstopping entertainer with a growing familys every want and need. The perfect trifecta of vast and separate living spaces defines its spacious and vibrant groundfloor design, each surrounding a centralised stonetopped kitchen where family life truly takes hold. A 900mm gas cooker and a dishwasher enhance functionality, while its form is unmatched with a stylish and highquality finish sided by a builtin dining nook and scenes over the adjacent entertaining deck and yard. The main suite owns the entire upper floor, introduced by a parents retreat that moves into a spacious bedroom complete with a walkthrough robe and an invogue ensuite. A matching family bathroom and a fitted laundry on the lower floor serve the three additional bedrooms. Finishing features include splitsystem air conditioning, ducted heating, a vegetable garden, boatcaravan parking, and a double garage. WhereYoullLive High above the Lakewood streetscape only moments from Kingsley Park Primary, buses, Shaxton Lake shops and cafes and beautiful parklands, with Mornington Peninsula Freeway, Frankston CBD and Karingal Hub close by."
Below are some similar properties in the area you may be interested in.
2.9%
74.5%
$964K
3.2%
-$320,000
-$32,306
2.3%
1.6%
-16.0%
6.0%
Asking Price
$1,000,000
Estimated Purchase Price
$1,075,000
Stamp Duty
$59,125
Transfer Fee
$2,621
Conveyancing
$1,196
Deposit (10%)
$107,500
Reg. Mortgage
$129
LMI Premium
$30,652
Renovation Costs
-
Total Cash/Equity Required
$201,773
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,440
$34,786
Property Management
+7.7% PA
$1,882
$2,679
Rates
+3.0% PA
$1,589
$2,073
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
$17,704
$25,774
Interest Repayments
$63,855
$63,855
Net Cashflow Before Tax
-$46,151
-$38,081
Depreciation
-
-
Tax Offset
-$13,845
-$11,424
Net Cashflow After Tax
-$32,306
-$26,657
Assumptions
Year 1
Year 10
Property Value
6.8%
$806,340
$1,457,671
Loan Balance
I.O
$967,500
$967,500
-$161,160
$490,171
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
Health Care and Social Assistance - 20.0%
Retail Trade - 13.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 49.0%
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