$1.33M
$289,583
"Located desirably opposite Ashburton Park and northerly frontage, this large 733sqm approx. allotment calls for a grand new home or multidwelling redevelopment STCA, for an unrivalled family lifestyle or capitalise on the dream dimensions and location. The location delivers firstclass prestige and prosperity, an easy walk to Ashburton shopping precinct, eateries, station, leading schools, pool, recreation centre and bike trails to the CBD. A short drive from here, youll find Holmesglen Institute, Markham Reserve, golf courses, Chadstone Shopping Centre, Ashwood High School and the benefits of the Monash Freeway for easy travels into the CBD. Photo ID required at all open for inspections. Disclaimer We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. httpwww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
10%
50.3%
$1.71M
2.2%
$360,000
+
25.4%
23.1%
63.3%
6.0%
Asking Price
$1,365,000
Estimated Purchase Price
$1,535,000
Stamp Duty
$84,425
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$153,500
Reg. Mortgage
$129
LMI Premium
$48,031
Renovation Costs
-
Total Cash/Equity Required
$291,446
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$390,000
$555,092
Property Management
+7.7% PA
$30,030
$42,742
Rates
+3.0% PA
$2,006
$2,617
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
$354,699
$505,472
Interest Repayments
$91,179
$91,179
Net Cashflow Before Tax
$263,520
$414,293
Depreciation
-
-
Tax Offset
$79,056
$124,288
Net Cashflow After Tax
$184,464
$290,005
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,023,860
$3,658,657
Loan Balance
I.O
$1,381,500
$1,381,500
$642,360
$2,277,157
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Education and Training - 15.0%
Health Care and Social Assistance - 15.0%
Professional, Scientific and Technical Services - 14.0%
Retail Trade - 13.0%
Others - 43.0%
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