$365K
$54,466
Confidence
Medium
High
$540,000
Medium
$490,000
Low
$440,000
Confidence
Medium
"Set on 675m2 approx. this property is nestled in central Shepparton, just north of the CBD is awaiting the opportunity to be restored to its full potential. The residence offers a blend of classic features, original charm and decorative cornices ceiling roses. The property should not be passed over without detailed consideration and all the hard work to rejuvenate this property will be paid back with a solid, centrally located residential property. The house comprises of 3 bedrooms each equipped with builtin robes, 2 with separate reverse cycle air conditioners. With a separate lounge, kitchen overlooking the meals living area the home is serviced by a bathroom with separate toilet laundry. There is separate new decking that extends from outside the kitchen meals area and into the securely fenced backyard. Securely fenced, the yard offers plenty of privacy and safe area for children and pets with plenty of room for your own vegetable garden Suiting a first time buyer, tradesman looking for a central located property with plenty of off street parking and a home workshop as an approximate 6m x 10.5m shed with roller door access is a drawcard while there is also undercover carport parking for two cars. Further benefits of the residence location gives you the convenience of being walking distance to a number of primary and secondary schools, GV Hospital and corner shops. Whether youre a firsttime buyer, an investor, or a renovator seize this opportunity, with a sought after location like this you cant loose Property Highlights Potential unit site development STCA"
1.8%
48%
$455K
5.1%
$20,000
-$9,497
4.7%
3.0%
-11.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$510,000
Estimated Purchase Price
$470,000
Stamp Duty
$23,270
Transfer Fee
$1,206
Conveyancing
$1,196
Deposit (10%)
$47,000
Reg. Mortgage
$129
LMI Premium
$10,390
Renovation Costs
-
Total Cash/Equity Required
$83,740
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
$2,542
$3,317
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
$14,351
$21,115
Interest Repayments
$27,918
$27,918
Net Cashflow Before Tax
-$13,567
-$6,803
Depreciation
-
-
Tax Offset
-$4,070
-$2,041
Net Cashflow After Tax
-$9,497
-$4,762
Assumptions
Year 1
Year 10
Property Value
6.8%
$523,320
$946,038
Loan Balance
I.O
$423,000
$423,000
$100,320
$523,038
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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.
2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 11.0%
Manufacturing - 9.0%
Agriculture, Forestry and Fishing - 8.0%
Others - 56.0%
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