$690K
$128,739
"Nestled amongst stunning native bushland on the outskirts of town with over 280m of frontage to Coal Creek, this gorgeous property is one for the nature lovers. On a generous 2.89 acre allotment, the original double brick residence presents well with a wonderful outlook from every window. At the end of a nothrough road with no neighbours, the property is surrounded by established gardens and shaded by a range of beautiful trees. Ready to move straight in and enjoy, the home has been fully repainted inside with stylish new vinyl plank flooring. The spacious lounge flows through into the family room with a feature stone fireplace to keep you warm in winter. A functional kitchen features an upright gas stove and granite benchtops. There are three generously sized bedrooms with built in robes, serviced by the original family bathroom with corner spa and separate, walk in shower. Energy bills are offset with a solar system on the roof plus a new heat pump hot water service has been installed. Vehicle storage is covered with a 7.5m x 9m shed, complete with power, water, concrete floor and a toilet. Stepping outside, this property gives meaning to the words park like setting. There are endless places to sit and admire the native wildlife on your doorstep, from the paved courtyard at the front, the fulllength porch at the rear or the covered BBQ area. Venture through the backyard straight onto the Skip Track and walk along Coal Creek all the way to Ritchies Reserve. There is a grove of over 250 hazlenut trees plus various mature apple trees for you to enjoy. Looking to buy, sell or rent in South Gippsland Get in touch with your expert team today and call Jassy Batrouney on 0428 294 388 or Jack Gilchrist on 0411 181 577 or pop into our office at 84349 Little Commercial Street, Korumburra. Note Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters."
Below are some similar properties in the area you may be interested in.
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89.2%
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-$10,000
-$18,275
3.2%
2.2%
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6.0%
Asking Price
$690,000
Estimated Purchase Price
$690,000
Stamp Duty
$36,470
Transfer Fee
$1,720
Conveyancing
$1,196
Deposit (10%)
$69,000
Reg. Mortgage
$129
LMI Premium
$19,675
Renovation Costs
-
Total Cash/Equity Required
$128,739
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
$2,014
$2,628
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
$14,879
$21,804
Interest Repayments
$40,986
$40,986
Net Cashflow Before Tax
-$26,107
-$19,182
Depreciation
-
-
Tax Offset
-$7,832
-$5,755
Net Cashflow After Tax
-$18,275
-$13,428
Assumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$621,000
$621,000
$105,240
$691,869
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price