$590K
$94,806
"Begin your next chapter with this neat and tidy HardiPlank family home, ideally situated on a convenient avenue in Millgrove. A much sought after and hard to find home boasting FOUR good sized bedrooms. A stunning Cherry Blossom tree graces the front yard, setting the tone for the lush surroundings and filtered mountain views. This property offers a fantastic opportunity for first home buyers, investors, or renovators. Inside, youll find a spacious living area, a lightfilled kitchen with both gas and wood ovens, and a meals area with views of the beautiful surroundings. The generously sized primary bedroom features builtin cupboards, while three additional bedrooms, also equipped with builtin cupboards, offer convenience near the shared bathroom. The laundry opens directly to the backyard, enhancing accessibility for family living. The home maintains comfort yearround with gas ducted heating, wood heating, and wallmounted air conditioning. Relax on the front verandah and enjoy the tranquil environment. With two woodsheds and two garden sheds for ample storage, the fully fenced backyard provides a safe and spacious area for children and pets to roam. Conveniently located within walking distance to the Yarra River, Millgrove Village Shops, Warburton Rail Trail, Primary School, and public transport, this property is the ideal start for any buyer or a solid investment opportunity. To learn more or book an inspection, please call 5967 1800 to speak with our team FURTHER CONTACT By enquiring on or inspecting this property, you agree to receive further marketing information from us about other properties. To opt out of this, please contact our office on 5967 1800"
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1.8%
78.9%
$578K
4.4%
$60,000
-$12,586
3.9%
2.7%
-12.7%
6.0%
Asking Price
$600,000
Estimated Purchase Price
$555,000
Stamp Duty
$28,370
Transfer Fee
$1,404
Conveyancing
$1,196
Deposit (10%)
$55,500
Reg. Mortgage
$129
LMI Premium
$12,269
Renovation Costs
-
Total Cash/Equity Required
$99,418
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,907
$2,488
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
$14,986
$21,943
Interest Repayments
$32,967
$32,967
Net Cashflow Before Tax
-$17,981
-$11,024
Depreciation
-
-
Tax Offset
-$5,394
-$3,307
Net Cashflow After Tax
-$12,586
-$7,717
Assumptions
Year 1
Year 10
Property Value
6.8%
$656,820
$1,187,374
Loan Balance
I.O
$499,500
$499,500
$157,320
$687,874
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
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price