$795K
$164,047
"This well established property on approximately two acres is just 2km Glenrowan 14km from the city centre of Wangaratta This delightful charming 1940s homesteadstyle residence offers a perfect blend of old and new adding character convenience Four bedroom home including an ensuite, built in robe ceiling fan to the main bedroom The large, updated light bright kitchen comes with modern appliances including a large farmhouse sink, 5 burner gas cooktop walkin pantry including plenty of storage. The modern improvements include two fully renovated bathrooms with floor to ceiling tiles an updated spacious laundry. The second living area offers plenty of space for family gatherings or extended family gettogethers, complete with breathtaking views over the mountain range A split system, central slow combustion wood heater, ceiling fans keep the home comfortable throughout the year. Enjoy the large, well established garden with mature trees including a variety of fruit trees, also including a fully fenced yard. Large powered shed with concrete floor, two automatic roller doors, a separate workshop, storage, a wellinsulated music room, studio or home office. Experience the perfect blend of original modern convenience in a location that offers it all. Call the team to arrange your inspection"
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$950K
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$95,000
-$23,925
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Asking Price
$795,000
Estimated Purchase Price
$855,000
Stamp Duty
$46,370
Transfer Fee
$2,106
Conveyancing
$1,196
Deposit (10%)
$85,500
Reg. Mortgage
$129
LMI Premium
$24,379
Renovation Costs
-
Total Cash/Equity Required
$160,230
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,725
$2,251
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
$16,608
$24,230
Interest Repayments
$50,787
$50,787
Net Cashflow Before Tax
-$34,179
-$26,557
Depreciation
-
-
Tax Offset
-$10,254
-$7,967
Net Cashflow After Tax
-$23,925
-$18,590
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$769,500
$769,500
$245,100
$1,064,655
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2021 Population
Suburbs
Health Care and Social Assistance - 19.0%
Retail Trade - 11.0%
Manufacturing - 10.0%
Education and Training - 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