$1.66M
$283,983
"A Heidelberg Hill haven in prime position for easy access to Burgundy Street, this impressive four bedroom and study residence is enhanced for sophistication, oriented for light and zoned for harmonious family enjoyment. A peaceful and private setting behind garden greenery, a series of sunfilled spaces highlight an extensive interior starting with a substantial living room opening to a northfacing terrace and a formal dining room flowing to a brilliant renovated gourmet kitchen showcasing highquality appliances. A beautiful designer bathroom, separate toilet and a fullsize laundry are centrally situated for absolute convenience leading to three generous bedrooms with builtin robes and a study. Directly opening to a level landscaped rear garden bathing in sunshine, a bright and spacious main bedroom is the perfect parents retreat featuring a fitted desk, walkin robe and a stylish ensuite. A bonus dimension for a discerning family is a large downstairs rumpus room thats adaptable as desired while also on the lower groundfloor are storage areas, a workshop and garaging for multiple cars. Additional attributes include splitsystem heating and cooling, new flooring, rainwater tanks and driveway offstreet parking. Nestled on a sunny 690m2 allotment approx, this superbly updated home presents an exciting family lifestyle opportunity with prized proximity to parkland and playground, quality schools, train station, the Austin Hospital and vibrant Burgundy Streets fabulous cafes, restaurants, shops and supermarkets. Miles Real Estate."
Below are some similar properties in the area you may be interested in.
-
83.7%
$1.39M
2.4%
-$125,000
-$47,259
2.0%
1.5%
-16.2%
6.0%
Asking Price
$1,660,000
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
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,866
$2,435
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
$23,667
$34,293
Interest Repayments
$91,179
$91,179
Net Cashflow Before Tax
-$67,512
-$56,886
Depreciation
-
-
Tax Offset
-$20,254
-$17,066
Net Cashflow After Tax
-$47,259
-$39,820
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,505,880
$2,722,273
Loan Balance
I.O
$1,381,500
$1,381,500
$124,380
$1,340,773
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 - 31.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Construction - 7.0%
Others - 41.0%
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