$695K
$143,053
"Perfectly positioned and beautifully renovated this stylish four bedroom home is ideal for families, downsizers, first home buyers and investors. Sitting in a quiet location and with a playground down the end of the street for the kids. Walk to cafes, shops, ALDI and Bell Park Plaza. Geelong CBD and the Waterfront are only 10 minutes away, as well as easy access to the Geelong Ring Road. Bell Park North Primary and kindergarten are just around the corner, along with Kardinia International College moments away. Showcasing a practical floorplan and a sensational outdoor entertaining area, this home definitely ticks all the boxes Open plan kitchendiningfamily zone Kitchen with stainless steel appliances, gas cook top and dishwasher Four bedrooms all with built in robes Ensuitecentral bathroom with double tiled shower, stone bench top and spa bath Decked alfresco entertaining area with spa, sauna, built in BBQ fridge. Roller shutter to fully enclose for all year round comfort Low maintenance landscaped front back yard with a second pergola Four car garage with remote door plus double carport Reolonk Security system Roller shutters to all bedrooms and lounge Bonaire ducted heating Evaporative cooling Solar panels Ample of street parking for caravan, boat or trailer If you have been searching for a home thats ready to move straight in and enjoy, then 40 Hammersley Road Bell Park is sure to impress All information about the property has been provided to Hayeswinckle by third parties. Hayeswinckle has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property."
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-$60,000
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Asking Price
$695,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+7.7% PA
$1,722
$2,451
Rates
+3.0% PA
$1,603
$2,092
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
$15,770
$23,023
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$25,810
-$18,557
Depreciation
-
-
Tax Offset
-$7,743
-$5,567
Net Cashflow After Tax
-$18,067
-$12,990
Assumptions
Year 1
Year 10
Property Value
6.8%
$683,520
$1,235,642
Loan Balance
I.O
$630,000
$630,000
$53,520
$605,642
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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