Withheld
$75,439
"At a glance Currently two inviting, selfcontained apartments Substantial, well designed, with hydronic heating Option for conversion to a superb single residence Highly sought after setting in a prized Prahran pocket Abode These two entirely selfcontained apartments each occupy a level of their own in this classically appealing period property. The ground floor two bedroom, two bathroom format features dual living areas, a central kitchen with Miele appliances, dedicated study and desirable courtyard dimensions beneath a first floor, two bedroom counterpart complemented by bright livingdining, its own study and a separate kitchenmeals space with Miele and Bosch appliances that opens to a substantial terrace. Hydronic heating downstairs and ducted heating upstairs enhances the current day appeal, from either residential or rental perspectives, while scope to convert and create a fabulous family home, STCA, adds another layer of allure to an exceptional address, with a garage. Area Leafy, coveted and quiet, yet just moments from High Street Armadale, Malvern Central, tram routes and Toorak station trains the perfect Prahran pocket."
4.7%
52.2%
$1.74M
2.1%
$2,575,000
+
249.6%
211.5%
676.9%
6.0%
Asking Price
$26,000
Estimated Purchase Price
$25,000
Stamp Duty
$350
Transfer Fee
$164
Conveyancing
$1,196
Deposit (10%)
$2,500
Reg. Mortgage
$129
LMI Premium
$427
Renovation Costs
-
Total Cash/Equity Required
$5,316
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$62,400
$88,815
Property Management
+7.7% PA
$4,805
$6,839
Rates
+3.0% PA
$1,444
$1,884
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
$52,886
$75,832
Interest Repayments
$1,485
$1,485
Net Cashflow Before Tax
$51,401
$74,347
Depreciation
-
-
Tax Offset
$15,420
$22,304
Net Cashflow After Tax
$35,981
$52,043
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,776,800
$5,019,794
Loan Balance
I.O
$22,500
$22,500
$2,754,300
$4,997,294
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
Retail Trade - 18.0%
Health Care and Social Assistance - 16.0%
Professional, Scientific and Technical Services - 12.0%
Accommodation and Food Services - 11.0%
Others - 43.0%
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
Below are some similar properties in the area you may be interested in.