$1.58M
$278,324
"Elegant and bathed in natural light, this freestanding block fronted Victorian residence commands a striking presence that offers the contemporary ease of a flexible floor plan and excellent freeflowing indooroutdoor entertainment spaces with floor to ceiling glass leading to private entertainers terrace and courtyard, effortlessly blended with stunning period details including tessellated verandah, lacework, high ceilings and polished timber floorboards. Enviously situated in the heart of Prahrans highly soughtafter Hawksburn Village enclave within walking distance to Hawksburn Village, High and Chapel Street world class retail precincts, restaurants and cafes including Morning Market, Beyond Organic and Mt Erica Hotel, Orrong Romanis Reserve, Prahran Pool, Melbournes leading schools, and accessible transport options including Toorak Hawksburn Stations, and no.6 Tram. Featuring northern terrace and wide entrance hall, expansive open plan kitchenmeals and informal sitting room leading through floor to ceiling glass doors to secluded terrace, stunning master bedroom with walk in robe and ensuite, second bedroom with built in robes and ensuite, guest bedroom with built in robes, family bathroom and laundry, loftstyle study or fourth bedroom, ducted heating throughout, and the eligibility for three Stonnington Council parking permits."
-
54.7%
-
-
-$15,000
-$33,541
3.3%
2.7%
-11.8%
6.0%
Asking Price
$1,575,000
Estimated Purchase Price
$1,495,000
Stamp Duty
$82,225
Transfer Fee
$3,604
Conveyancing
$1,196
Deposit (10%)
$149,500
Reg. Mortgage
$129
LMI Premium
$46,779
Renovation Costs
-
Total Cash/Equity Required
$283,983
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$49,400
$70,312
Property Management
+7.7% PA
$3,804
$5,414
Rates
+3.0% PA
$1,444
$1,884
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
$40,887
$58,753
Interest Repayments
$88,803
$88,803
Net Cashflow Before Tax
-$47,916
-$30,050
Depreciation
-
-
Tax Offset
-$14,375
-$9,015
Net Cashflow After Tax
-$33,541
-$21,035
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,580,640
$2,857,421
Loan Balance
I.O
$1,345,500
$1,345,500
$235,140
$1,511,921
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2021 Population
Suburbs
Retail Trade - 18.0%
Health Care and Social Assistance - 16.0%
Professional, Scientific and Technical Services - 12.0%
Accommodation and Food Services - 11.0%
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