Withheld
$51,775
"Augment Real Estate presents development opportunity located at 7 Walton Street, Wendouree VIC 3355 which boasts a spacious house in a perfect location close to all enmities. THIS HOUSE HAS APPROVED PERMIT OF 3 BEDROOM UNIT AT BACK. This wellmaintained brick home will suit a variety of buyers. The home consists of three bedrooms with builtinrobes, family bathroom, separate toilet, updated kitchen and meals area and light filled lounge. Outside offers undercover vehicle accommodation, large pergola, lockable shed and plenty of yard for the kids and pets to play on the 740m2 allotment. This park facing property is located close to Minersdome sports club, Stockland Shopping Centre, schools, local shops and public transport. This property will be tenanted on a 12 month lease from 8523 350 per week For more enquiries call Raj Singh on 0450 688 415 or Aman Singh 0426 773 000 DISCLAIMER All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent."
Below are some similar properties in the area you may be interested in.
-
62.3%
$433K
6.3%
$5,000
-$9,016
4.4%
2.8%
-12.6%
6.0%
Asking Price
-
Estimated Purchase Price
$405,000
Stamp Duty
$19,370
Transfer Fee
$1,053
Conveyancing
$1,196
Deposit (10%)
$40,500
Reg. Mortgage
$129
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$71,751
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,680
$25,164
Property Management
+7.7% PA
$1,361
$1,938
Rates
+3.0% PA
$1,877
$2,449
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
$11,177
$16,517
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$12,880
-$7,540
Depreciation
-
-
Tax Offset
-$3,864
-$2,262
Net Cashflow After Tax
-$9,016
-$5,278
Assumptions
Year 1
Year 10
Property Value
6.8%
$437,880
$791,583
Loan Balance
I.O
$364,500
$364,500
$73,380
$427,083
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 - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price