Withheld
$185,046
"Land Size 1109m2 approx. Planning Permits Approved Unlock the potential of this vast highside allotment, perfectly positioned in the premium innercity suburb of Ascot Vale. This substantial 1100m2 block boasts General Residential Zoning GRZ1 Wide frontage and staggering depth of over 65 meters North rear aspect and elevation, capturing breathtaking views Approved permits for four spacious townhouses, each featuring 4 bedrooms plus study 3 toilets 2 bathrooms Double garage Key Highlights Prime location, close to Riverside Golf Course Fairbairn Park Endless river trails Ascot Chase Wetlands Maribyrnong Road trams Popular schools Union Road eateries High Point shopping centre Spacious living areas, pantry, and highquality finishes Potential for strong rental yields or resale value Development Details Four townhouses, each with a total living area of approximately 250m2 Modern design and premium finishes throughout Double garage and additional parking spaces Landscaped gardens and outdoor living areas Dont miss this rare chance to secure a prime development site in one of Melbournes most coveted suburbs. Contact us today to discuss further Note Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective customers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters."
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83.8%
$1.52M
2.9%
$20,000
-$35,777
2.6%
2.0%
-14.5%
6.0%
Asking Price
-
Estimated Purchase Price
$1,300,000
Stamp Duty
$71,500
Transfer Fee
$3,148
Conveyancing
$1,196
Deposit (10%)
$130,000
Reg. Mortgage
$129
LMI Premium
$40,678
Renovation Costs
-
Total Cash/Equity Required
$247,200
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,823
$2,379
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
$26,109
$37,765
Interest Repayments
$77,220
$77,220
Net Cashflow Before Tax
-$51,111
-$39,455
Depreciation
-
-
Tax Offset
-$15,333
-$11,837
Net Cashflow After Tax
-$35,777
-$27,619
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,409,760
$2,548,511
Loan Balance
I.O
$1,170,000
$1,170,000
$239,760
$1,378,511
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 16.0%
Education and Training - 11.0%
Health Care and Social Assistance - 11.0%
Accommodation and Food Services - 8.0%
Others - 54.0%
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