$680K
$113,471
"Whether youre a firsttime buyer, investor or downsizer seeking unparalleled convenience, this charming family home offers an outstanding opportunity to enjoy the soughtafter New Gisborne lifestyle. Perfectly positioned within walking distance to local amenities, including the Gisborne Train Station, primary schools, medical and dental centres, Baringo Food Wine and various parks and recreational facilities, this property provides easy access to everything you need. Having received multiple updates over the years, this home is movein ready yet still offers potential for further personalisation to suit your evolving needs. Featuring 3 bedrooms, 1 spaciously updated bathroom and 2 separate, generously sized living areas, this home caters to a variety of lifestyle requirements. The formal lounge is drenched in natural light and features a cosy combustion fire, creating a warm and inviting atmosphere. The updated central galley kitchen is complemented by a bright, sunlit meals area. To the rear of the property, youll find a massive rumpus room, perfect for a growing family or those who love to entertain, with views over the expansive outdoor entertaining space. The large pergola creates an ideal outdoor dining and relaxation zone, while the raised timber sun deck and BBQ area adds a resortstyle touch, overlooking the wellmaintained backyard. The property also includes a single lockup shed, with ample offstreet parking and privacy provided by large, mature hedging at the front of the block, along with service road access. Ducted heating and evaporative cooling ensure yearround comfort. The attractive and lowmaintenance landscaping offers a neat and tidy finish to this property, making it a perfect fit for those seeking regional Victorias laidback lifestyle. With easy access to the Calder Freeway, its an ideal location for commuters to Melbourne or Bendigo."
Below are some similar properties in the area you may be interested in.
-
77.7%
$850K
3.8%
$50,000
-$15,660
3.5%
2.4%
-13.3%
6.0%
Asking Price
$680,000
Estimated Purchase Price
$630,000
Stamp Duty
$32,870
Transfer Fee
$1,580
Conveyancing
$1,196
Deposit (10%)
$63,000
Reg. Mortgage
$129
LMI Premium
$17,964
Renovation Costs
-
Total Cash/Equity Required
$117,288
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
$1,843
$2,405
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
$15,050
$22,027
Interest Repayments
$37,422
$37,422
Net Cashflow Before Tax
-$22,372
-$15,395
Depreciation
-
-
Tax Offset
-$6,712
-$4,619
Net Cashflow After Tax
-$15,660
-$10,777
Assumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$567,000
$567,000
$159,240
$745,869
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
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