$600K
$111,562
"Moorong House, is situated in arguably one of the best streets in Korumburra and what a charming home this renovated, 1930s Californian bungalow is. There is a lot to love about this property and those who step foot inside will be swept away with some of its original character and charm including an adorable front patio, gorgeous period front door welcoming you into a wide entrance hall, high ornate ceilings plus stunning leadlight windows. Key features of the property include Three oversized bedrooms with built in robes. Original bathroom in fantastic condition and includes a shower over bath and vanity Stylish kitchen features a gas cooktop, gas oven with electric grill, dishwasher, large panty and lots of bench space storage. The front lounge is inviting and flows through into the formal dining room. A sunroom is found at the rear of the home, a perfect place for you to sit and read or relax. Heating and cooling is covered with gas heating and a split system. Positioned on a large and flat block of 956m2. Shedding consists of a carport and single garage. The backyard is spacious and ideal for kids, pets and entertaining. In the homes previous history, it has been run as a successful AirBnB. Moorong House is a great investment opportunity or would be an ideal place to call home. The property is so close to everything our delightful town of Korumburra has on offer. Dont miss out on your chance to inspect this charming property Contact Sharon Turton on 0447 604 796 or Don Olden on 0417 805 312 for an inspection or further information. For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
73.1%
$503K
4.4%
-$10,000
-$16,676
3.1%
1.9%
-15.1%
6.0%
Asking Price
$595,000
Estimated Purchase Price
$595,000
Stamp Duty
$30,770
Transfer Fee
$1,498
Conveyancing
$1,196
Deposit (10%)
$59,500
Reg. Mortgage
$129
LMI Premium
$16,966
Renovation Costs
-
Total Cash/Equity Required
$110,608
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$35,343
$35,343
Net Cashflow Before Tax
-$23,823
-$18,321
Depreciation
-
-
Tax Offset
-$7,147
-$5,496
Net Cashflow After Tax
-$16,676
-$12,825
Assumptions
Year 1
Year 10
Property Value
6.8%
$624,780
$1,129,454
Loan Balance
I.O
$535,500
$535,500
$89,280
$593,954
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price