$1000K
$168,819
"A treasure trove of possibilities awaits this classic 3bedroom home, resting on approx. 643sqm in one of the most desirable pockets of Heidelberg. With a location to love, head out the back gate to connect with extensive parkland, scenic walking trails and access to the Yarra River ideal for nature lovers, dog owners, and those who enjoy keeping fit and healthy. Wellpresented and movein ready, the home offers potential to lease out, or the perfect foundation to update and add your own style, build a luxury new home or redevelopment project STCA. Highlights include an open fire, hardwood floors, freshly repainted interior, a large rumpus room on the lower level with a toilet, a leafy backyard, endless underhouse storage, and a double carport with room for a trailer or motorbike. An opportunity of a lifetime, the home is within the catchment zone for Banyule Primary School and acclaimed Viewbank Secondary College, and a short distance from Burgundy Street shops, cafes and restaurants, Heidelberg Train Station, Austin and Mercy Hospitals, Northland and Warringal Shopping Centres."
Below are some similar properties in the area you may be interested in.
-
94.4%
$1.71M
2.4%
$390,000
-$24,165
3.3%
2.6%
-12.6%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,020,000
Stamp Duty
$56,100
Transfer Fee
$2,493
Conveyancing
$1,196
Deposit (10%)
$102,000
Reg. Mortgage
$129
LMI Premium
$29,084
Renovation Costs
-
Total Cash/Equity Required
$191,551
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,866
$2,435
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
$26,066
$37,709
Interest Repayments
$60,588
$60,588
Net Cashflow Before Tax
-$34,522
-$22,879
Depreciation
-
-
Tax Offset
-$10,356
-$6,864
Net Cashflow After Tax
-$24,165
-$16,015
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,505,880
$2,722,273
Loan Balance
I.O
$918,000
$918,000
$587,880
$1,804,273
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 31.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Construction - 7.0%
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