20 Lewis Street
Property Rating: 100
225 days on Market

20 Lewis Street,
Euroa, Vic

house
First listed on 30/05/2024
Property Overview
Bedrooms3
Bathrooms1
Car Spaces2
Current Asking Price

$499K

Cash Required (10% Deposit)

$80,050

Agent

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Market Appraisal

Confidence

Medium

High

$500,000

Medium

$475,000

Low

$450,000

Appraised Rent

Confidence

Medium

$450/week

Original Listing

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 Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Very Good

Suburb

Proj. Growth

Very Good

Overall

Investment

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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Assets

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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Spent Per Capita

$154K
1

Strathbogie Shire Council

Upgrade of the Euroa Saleyards to improve facilities and increase efficiency

Agriculture, Forestry & FishingConfirmed
$5M
2

Violet Town Wind Farm Pty Ltd

Construction of a 10turbine wind farm to generate renewable energy

Energy, Electricity, Gas & WaterUnder Construction
$150M
3

Bald Hills Wind Farm Pty Ltd

The Bald Hills Wind Farm is a 52turbine wind farm located in the Strathbogie Shire Victoria The project was completed in 2015 and has a total capacity of 1066 MW

Energy, Electricity, Gas & WaterComplete
$230M
4

Goulburn Valley Water

The Strathbogie Water Supply Upgrade project involves the construction of a new water treatment plant and pipeline to improve the water supply for the Strathbogie Shire

Energy, Electricity, Gas & WaterUnder Construction
$25M
5

APA Group

The Euroa Natural Gas Pipeline project involves the construction of a new natural gas pipeline to supply the Euroa region

Energy, Electricity, Gas & WaterConfirmed
$30M
6

Mercator Gold Australia Pty Ltd

The Mangalore Diamond Mine is a diamond mine located near the town of Mangalore Victoria The mine is expected to produce 100000 carats of diamonds per annum

MiningUnder construction
$25M
7

A1 Consolidated Gold Limited

The A1 Gold Mine is a gold mine located near the town of A1 Victoria The mine is expected to produce 50000 ounces of gold per annum

MiningConfirmed
$30M
8

Murchison United NL

The Murchison Gold Project is a gold project located near the town of Murchison Victoria The project is expected to produce 100000 ounces of gold per annum

MiningUnder consideration
$40M
9

Victorian Government

The Euroa Hospital Redevelopment project involves the construction of a new hospital and the refurbishment of existing facilities to improve healthcare services in the region

Community & Other servicesUnder construction
$25M
10

Strathbogie Shire Council

The Strathbogie Shire Community Hub project involves the construction of a new community center to provide a range of services and facilities for local residents

Community & Other servicesConfirmed
$15M
11

Victorian Government

The Euroa Education Precinct project involves the construction of a new education facility to provide improved educational services for local students

Community & Other servicesUnder consideration
$30M
12

Strathbogie Shire Council

The Strathbogie Shire Council Office Redevelopment project involves the construction of a new council office building and the refurbishment of existing facilities

Finance, Property & Business servicesConfirmed
$15M
13

Private Developer

The Euroa Business Park project involves the development of a new business park with office and industrial spaces

Finance, Property & Business servicesUnder consideration
$30M
14

Global Power Generation

A 50turbine wind farm with a capacity of 150 MW expected to generate enough electricity to power 60000 homes

TradeUnder construction
$300M
15

VicForests

Timber harvesting project in the Strathbogie Forests expected to create 20 construction jobs and 10 ongoing jobs

Agriculture, Forestry & FishingUnder construction
$25M
16

Goulburn-Murray Water

Irrigation scheme to support agricultural development in the Euroa region expected to create 30 construction jobs and 15 ongoing jobs

Agriculture, Forestry & FishingConfirmed
$30M
17

Trust for Nature

Conservation project to protect and restore the natural environment of the Strathbogie Ranges expected to create 10 construction jobs and 5 ongoing jobs

Community & Other servicesUnder consideration
$20M
18

Strathbogie Shire Council

The Violet Town Recreation Reserve Upgrade project involves the upgrade of the recreation reserve including the construction of new facilities and the refurbishment of existing ones

GovernmentUnder consideration
$5M
19

Lightsource BP

A 120MW solar farm located in Strathbogie Victoria expected to generate enough electricity to power 40000 homes

Energy, Electricity, Gas & WaterUnder construction
$120M
20

Goulburn Valley Water

An upgrade to the Nagambie Water Treatment Plant to improve water quality and supply for the local community

Energy, Electricity, Gas & WaterUnder construction
$30M
21

A1 Consolidated Gold Limited

The Pennys Find Gold Mine is a gold mine located near the town of Pennys Find Victoria The mine is expected to produce 20000 ounces of gold per annum

MiningConfirmed
$20M
22

Strathbogie Shire Council

The Strathbogie Shire Council Community Hub project involves the construction of a new community centre including meeting rooms library and recreational facilities

Community & Other servicesConfirmed
$22M
23

Strathbogie Shire Council

The Violet Town Community Centre Upgrade project involves the refurbishment and expansion of the existing community centre including new meeting rooms and recreational facilities

Community & Other servicesUnder consideration
$15M
24

Goulburn Valley Health

Redevelopment of the Nagambie Health Service to improve healthcare services for the local community

HealthConfirmed
$10M
25

Strathbogie Shire Council

A project to support the recovery of the Strathbogie Ranges community after the 20192020 bushfires

Finance, Property & Business servicesUnder construction
$25M
26

Beacon Energy

The Strathbogie Ranges Wind Farm is a 200MW wind farm project located in the Strathbogie Ranges Victoria The project is expected to create 100 construction jobs and 20 ongoing jobs

TradeUnder construction
$200M
27

VicRoads

The Violet Town Bypass project involves the construction of a new bypass to improve traffic flow and safety The project is expected to create 30 construction jobs and 5 ongoing jobs

TradeUnder consideration
$25M
28

Goulburn-Murray Water

GoulburnMurray Water is undertaking a 30 million irrigation modernisation project in Euroa to improve water efficiency and productivity for local farmers

Agriculture, Forestry & FishingConfirmed
$30M
29

Strathbogie Shire Council

Upgrade of the water supply system in the Strathbogie Shire to improve water quality and reliability

GovernmentUnder construction
$25M
30

Department of Health and Human Services

Redevelopment of the Euroa Hospital to improve healthcare services and facilities in the region

GovernmentConfirmed
$30M
31

Strathbogie Shire Council

Program to maintain and upgrade roads in the Strathbogie Shire to improve safety and accessibility

GovernmentUnder consideration
$20M
32

Goulburn Valley Water

An upgrade to the Euroa Water Treatment Plant to improve water quality and meet growing demand

Energy, Electricity, Gas & WaterConfirmed
$25M
33

Windlab

A proposed wind farm located in Violet Town Victoria expected to generate enough electricity to power 60000 homes

Energy, Electricity, Gas & WaterUnder consideration
$150M
34

Renewable Energy Systems

A proposed solar farm project to generate renewable energy

Finance, Property & Business servicesUnder consideration
$50M
35

Windlab Limited

The Strathbogie Ranges Wind Farm is a 150MW wind farm located in the Strathbogie Ranges approximately 100km north of Melbourne The project is expected to generate enough electricity to power over 60000 homes

TradeUnder construction
$150M
36

JBS Australia

The Euroa Beef Processing Facility is a new beef processing plant located in Euroa Victoria The facility will have the capacity to process over 1000 head of cattle per day

TradeConfirmed
$30M
37

V/Line

The Violet Town Freight Terminal is a proposed freight terminal located in Violet Town Victoria The terminal will provide a critical link between the regions agricultural producers and the national freight network

TradeUnder consideration
$25M
38

Goulburn-Murray Water

Irrigation modernization project in Euroa expected to create 20 construction jobs and 10 ongoing jobs

Agriculture, Forestry & FishingConfirmed
$30M
39

VicRoads

The Euroa Bypass project involves the construction of a new bypass road including bridges intersections and landscaping

GovernmentUnder consideration
$50M

Li

Local Services

Average

1

Shepparton Airport

Airport

37km
2

Bendigo Airport

Airport

99km
3

Euroa Health Inc

Hospital

12km
4

Longwood Primary School

School

5km
5

Euroa Secondary College

School

12km
6

St Johns School

School

12km

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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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

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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