$399K
$75,439
"This 3 bedroom, 2 bathroom modern home with all the extras offers a perfect blend of comfort and practicality all under 400,000. Outside, the property is fully enclosed with Colorbond fencing and a electric front gate ensuring privacy and security. Situated on a wellmaintained block, this property is packed with features and ready for you to move straight in. The home boasts an open plan livingdining area, the kitchen whilst compact, is thoughtfully designed with modern electrical appliances, a timberlook finish and a convenient double pantry, maximizing both style and storage. Stay warm in winter with the wood heater and cool in summer with the split system. The home features three generously sized bedrooms, all with builtin robes, and two wellappointed bathrooms, both including showers and vanities, with one also containing a toilet. For added convenience, theres an additional separate toilet. A central laundry nook and a practical mudroom lead directly outside to the garage, providing added convenience for everyday tasks. The enclosed front verandah, fitted with bistro blinds, offers the perfect spot to relax and soak up the sun. With solar panels, water tank, and a septic system, this property is ideal for those seeking sustainable living, whilst still having the convenience of town water access. The long concrete driveway leads to a double garage with remote doors, power and concrete flooring, providing ample space for vehicles and a great area for the kids to ride their bikes. Theres even an additional shed with power, water, ideal for a workshop or extra storage. At the back of the property, youll find an established veggie patch and chook house, while on the other side, theres a dedicated BBQ area, perfect for outdoor entertaining. With its close proximity to Port Albert and Port Welshpool, this property is perfect for the avid fishermen. Theres nothing left to do in this beautiful home, simply move in, park the boat and start enjoying the relaxed fishing lifestyle. Call Sonya to book an inspection today 0427 444 244 For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist Or call us on 03 51826600"
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87.8%
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-$250,000
-$11,528
3.5%
2.0%
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Asking Price
$399,000
Estimated Purchase Price
$420,000
Stamp Duty
$20,270
Transfer Fee
$1,089
Conveyancing
$1,196
Deposit (10%)
$42,000
Reg. Mortgage
$129
LMI Premium
$9,285
Renovation Costs
-
Total Cash/Equity Required
$74,518
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$14,560
$20,723
Property Management
+7.7% PA
$1,121
$1,596
Rates
+3.0% PA
$1,695
$2,212
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
$8,479
$12,656
Interest Repayments
$24,948
$24,948
Net Cashflow Before Tax
-$16,469
-$12,292
Depreciation
-
-
Tax Offset
-$4,941
-$3,688
Net Cashflow After Tax
-$11,528
-$8,604
Assumptions
Year 1
Year 10
Property Value
6.8%
$181,560
$328,217
Loan Balance
I.O
$378,000
$378,000
-$196,440
-$49,783
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
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