$2.28M
$432,051
"Occupying a massive 1607sqm of land approx, this 3bedroom midcentury home delivers a treasure trove of future potential. A mere stones throw from Rosanna Parklands, floortoceiling windows in the lounge and neighbouring dining room draw in natural light and perfectly frame the garden and tantalising mountain views in the distance, complemented by a practical kitchen with a banquette. Outdoors, relax in the sunshine on the terrace, or play with the kids in the sprawling backyard with an established garden setting. Ready to move in or rent out, buyers may choose to enhance the midcentury charm, build a new family home, or a much larger redevelopment project STCA. Enhanced with timber floors, ducted heating, a carport and a garage with workshop space. The location is unbeatable, a quick walk from Rosanna Primary School and the lively hub of Rosanna Village with a train station. Enjoying supreme convenience to Viewbank College, La Trobe University, Northland Shopping Centre, Burgundy Street cafes, restaurants and shops, AustinMercy Hospitals, Warringal Shopping Centre and approx. 12km from CBD."
Below are some similar properties in the area you may be interested in.
-
86.6%
$1.46M
2.7%
-$210,000
-$64,082
1.7%
1.3%
-17.1%
6.0%
Asking Price
$1,980,000
Estimated Purchase Price
$1,980,000
Stamp Duty
$108,900
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$198,000
Reg. Mortgage
$129
LMI Premium
$61,955
Renovation Costs
-
Total Cash/Equity Required
$374,346
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
$117,612
$117,612
Net Cashflow Before Tax
-$91,546
-$79,903
Depreciation
-
-
Tax Offset
-$27,464
-$23,971
Net Cashflow After Tax
-$64,082
-$55,932
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,890,360
$3,417,321
Loan Balance
I.O
$1,782,000
$1,782,000
$108,360
$1,635,321
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
Average Days of Supply