$620K
$115,379
"Youve all heard the saying location, location, location but it really doesnt get much better than this Perfectly positioned in one of Korumburras most sought after streets, adjoining Coleman Park and just meters from the public pool, scout hall and main street, this immaculate family home has been beautifully renovated both inside and out and sits on a huge acre block with dual side access into the backyard. A lovely covered alfresco at the front welcomes you into the spacious main lounge area. With beautiful detailed ceilings and a feature fireplace, the space flows seamlessly into the stunning kitchen and dining room. An abundance of high gloss cabinetry is complimented by beautiful vinyl flooring and quality stainless steel appliances. At the front of the home, two oversized bedrooms are serviced by the stunning family bathroom with walkin shower, floor to ceiling tiles and stylish black fittings. The third bedroom at the back is an ideal teenagers retreat and adjoins the stylish second bathroom with feature tiling and freestanding bath. Your comfort is guaranteed year round with x 5 split system units throughout the home. No home is complete without the pool room and this one is an absolute beauty With direct access out to the deck, this is an ideal space to entertain yearround and could be used as a fourth bedroom or work from home space. Stepping outside, the beautiful alfresco area is perfect for summer BBQs while the kids play in the expansive yard below. A large concrete driveway provides endless off street parking for cars, boats and caravans, plus there is a 7.5m x 7.5m shed with concrete floor and power, extra shedding at the rear and enough space for the shed of your dreams Overall, this property is immaculately presented and has a great feel throughout. Whether youre looking for a new home with nothing left to do or maybe a reliable, long term investment, this should be first on your list to inspect this weekend. Looking to buy, sell or rent in South Gippsland Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 84349 Little Commercial Street, Korumburra. Note Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
-
73.1%
$503K
4.4%
-$70,000
-$17,283
3.2%
2.1%
-14.3%
6.0%
Asking Price
$650,000
Estimated Purchase Price
$650,000
Stamp Duty
$34,070
Transfer Fee
$1,627
Conveyancing
$1,196
Deposit (10%)
$65,000
Reg. Mortgage
$129
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$121,105
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
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
$13,919
$20,437
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$24,691
-$18,173
Depreciation
-
-
Tax Offset
-$7,407
-$5,452
Net Cashflow After Tax
-$17,283
-$12,721
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$585,000
$585,000
$34,440
$534,800
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
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