$499K
$80,050
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Try Picki for FREEConfidence
Medium
High
$500,000
Medium
$475,000
Low
$450,000
Confidence
Medium
$450/week
Street Statistics
Public Housing (%)
1.7%
Owner Occupiers (%)
67.8%
Median Street Sold Price
$384K
Median Street Rental Yield
6.1%
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Property
Very Good
Street
Very Good
Suburb
Very Good
Overall
Very Good
Under Market Value
-
Net Cashflow PA
-$8,417
Gross Yield
4.9%
Purchase Costs
Asking Price
$530,000
Estimated Purchase Price
$475,000
Stamp Duty
$23,570
Transfer Fee
$1,217
Conveyancing
$1,196
Deposit (10%)
$47,500
Reg. Mortgage
$129
LMI Premium
$10,500
Renovation Costs
-
Total Cash/Equity Required
$84,662
Income Statement (Cashflow)
Income
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Expenses
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$2,142
$2,795
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
$16,191
$23,686
Interest Repayments
$28,215
$28,215
Net Cashflow Before Tax
-$12,024
-$4,529
Depreciation
-
-
Tax Offset
-$3,607
-$1,359
Net Cashflow After Tax
-$8,417
-$3,170
Balance Sheet
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Try Picki for FREEAssets
Assumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Liabilities
Loan Balance
I.O
$427,500
$427,500
Net Equity
$79,800
$489,578
Property Inspection Report
Property Overview
Experience timeless charm in this classic Californian bungalow located in the picturesque town of Euroa, Victoria. Blending elegance with modern conveniences, this recently renovated home features three flexible rooms including a spacious main bedroom and a cozy living room with an open fireplace. The property offers reverse cycle heating and cooling for comfort during all seasons. There's potential for future subdivision on the generous land parcel, making it a unique investment opportunity. Situated close to essential amenities, schools, and vibrant local culture, this beautiful home promises a relaxed country lifestyle amidst rich history and scenic beauty.
Inspection Checklist
- Verify the quality and condition of the recent renovations: reroofing, rewiring, replumbing, and restumping.
- Inspect the high ceilings in the front rooms for intricate detailing and any potential maintenance needs.
- Evaluate the condition of the open fireplace and check for safety compliance.
- Test the reverse cycle heating and cooling for efficiency and functionality.
- Assess the size and layout versatility of the third potential bedroom or formal living area.
- Review the second toilet facility for convenience and condition.
- Check the property boundaries and size to confirm potential for subdivision.
- Tour the surrounding neighborhood for local amenities including schools, shops, and parks.
Questions for Agent
- Can you provide more details on the recent renovations and who was contracted for this work?
- Are there any warranties available for the reroofing, rewiring, replumbing, and restumping?
- Is the property currently approved for subdivision, and what is the process to pursue this possibility?
- What are the annual property taxes and any other local levies applicable?
- Have there been any past issues with the fireplace or the heating and cooling systems?
- Can you provide insight into the local community activities and any planned developments in Euroa?
- How long has the property been on the market, and have there been any prior offers?
- Could you share more information about the schools and facilities available in the vicinity?
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Location Opportunity
Strathbogie Shire statistics
Location, 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.
11,455
2021 Population
41
Suburbs
Demand
Employment
Em
New project
Pr
lifestyle
Li
population
Po
Supply
New Supply
Su
Opportunity
Opportunity
Op
Em
Employment Industries
Poor
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
income growth
Low
Average Income
COMMUTE TIME
73mins
37kms
Average
Pr
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Li
Po
Population Growth
Average Population
POPULATION vs SUPPLY
Balanced
Projected Population Growth
4.9%
projected
for 2025 to 2027
High
Su
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2.2%
Average
SALES PRICE GROWTH
Monthly % Change in Median House Prices (Prev. Quarter)
RENTAL YIELD
Excellent
Average Rental Yield
VACANCY RATE
Excellent
Average Vacancy Rate
Days of Supply
Very Good
Average Days of Supply
Owner Occupier Level
No data available
VENDOR DISCOUNTING
Excellent
Average Population
Pricing
Sold Price
Asking Price
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