$2.95M
$524,308
"Presenting a superbly restored solid brick 1910 Federation residence on approximately 441sqm, situated in a quiet culdesac within the heart of the esteemed Prahran East Village. This highend residence combines period integrity with a contemporary transformation. Positioned at the front of the single level floorplan, the light filled master bedroom is elevated by a luxurious ensuite boasting an architectural Tundra marble curved shower, feature skylight, underfloor heating, heated towel rails and designer Articolo wall sconce only recently designed and completed by TURN Group. The central bathroom, also similarly appointed, serve to compliment the two additional bedrooms with builtin robes. At the rear, the modern kitchen is designed with the same honed grey Tundra marble, Miele appliances, walkin pantry and integrated fridge. This expansive openplan living and dining area is framed by two full height steel doors that extends to a bluestonepaved terrace, further flowing onto the sun drenched NorthWest oriented treelined garden. Peerless in design, elegance and functionality, this home also includes an alarm, 4K HD perimeter CCTV, ducted heating and cooling, split air conditioning systems, laundry with drying cupboard, irrigation, automatic gate and secure undercover offstreet parking for two large cars with direct access via Pickford Street. Prestigious schools, Prahran East and Hawksburn Villages, numerous parks and primary road and transport links in and out of Melbourne city all service this turnkey, luxury home. Astute buyers will find comparable alternatives hard to come by."
2.4%
39.6%
$2.61M
1.5%
-$1,270,000
-$87,404
1.7%
1.4%
-16.6%
6.0%
Asking Price
$2,900,000
Estimated Purchase Price
$2,750,000
Stamp Duty
$158,750
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$275,000
Reg. Mortgage
$129
LMI Premium
$86,049
Renovation Costs
-
Total Cash/Equity Required
$525,289
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
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
$38,487
$55,338
Interest Repayments
$163,350
$163,350
Net Cashflow Before Tax
-$124,863
-$108,012
Depreciation
-
-
Tax Offset
-$37,459
-$32,404
Net Cashflow After Tax
-$87,404
-$75,609
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,580,640
$2,857,421
Loan Balance
I.O
$2,475,000
$2,475,000
-$894,360
$382,421
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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