$950K
$178,361
"Balancing comfort and convenience, this muchloved home on approx. 573sqm of land nestled within a quiet nothrough road is ready for a quality renovation, or a luxurious new family home STCA. The wellproportioned interior reveals a lounge and dining room with an open fire and access to the front porch and a side terrace merging with a retrostyle kitchen and a sunroom. Accommodation includes three robed bedrooms and a central bathroom, complemented outdoors by a private backyard and established garden. Property highlights include hardwood floors, ducted heating, split system air conditioning, solar, a shedworkshop, an outdoor toilet, and a tandem carport. Offering many lifestyle benefits, walking distance from bus services, Banyule Primary School, and Rosanna Station Village, zoned for Viewbank College, and a short distance from extensive parkland and access to the Yarra River, La Trobe University, Austin and Mercy Hospitals, Warringal, and Northland Shopping Centres, and the Eastern Freeway."
Below are some similar properties in the area you may be interested in.
-
84.6%
$1.3M
2.9%
$300,000
-$22,934
3.3%
2.5%
-12.9%
6.0%
Asking Price
$950,000
Estimated Purchase Price
$950,000
Stamp Duty
$52,070
Transfer Fee
$2,329
Conveyancing
$1,196
Deposit (10%)
$95,000
Reg. Mortgage
$129
LMI Premium
$27,088
Renovation Costs
-
Total Cash/Equity Required
$178,361
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,866
$2,435
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
$23,667
$34,293
Interest Repayments
$56,430
$56,430
Net Cashflow Before Tax
-$32,763
-$22,137
Depreciation
-
-
Tax Offset
-$9,829
-$6,641
Net Cashflow After Tax
-$22,934
-$15,496
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$855,000
$855,000
$480,000
$1,558,362
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2021 Population
Suburbs
Health Care and Social Assistance - 31.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Construction - 7.0%
Others - 41.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply