$1.9M
$334,293
"Northfacing orientation and a magical parkside location. This property has been stylishly renovated and is ready to move in as is, providing an exceptional lifestyle opportunity. Herringbone timber floors lead to high ceilings and lightfilled rooms, including an openplan living room with plenty of space for dining and relaxing. A stylish kitchen, central bathroom, second bathroom with laundry facilities, and split system air conditioning add to the appeal. Three generous bedrooms, two with builtin robes, offer ample accommodation. Exceptionally located with easy access to Stonningtons finest restaurant and retail offerings, and some of Melbournes most prestigious schools. Hawksburn Village, Beatty Avenue, and Toorak Village are all conveniently located within short walking distance. Nearby transport options include Toorak Station and tram lines. Return home to enjoy the spaciousness provided by period proportions, a flexible floor plan, and the convenience of offstreet parking. With no heritage overlay, this property also offers the potential for redevelopment STCA. Zoned to Toorak Primary School."
Below are some similar properties in the area you may be interested in.
-
37.4%
$2.03M
2.2%
$45,000
-$45,633
2.6%
2.1%
-14.1%
6.0%
Asking Price
$1,800,000
Estimated Purchase Price
$1,705,000
Stamp Duty
$93,775
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$170,500
Reg. Mortgage
$129
LMI Premium
$53,350
Renovation Costs
-
Total Cash/Equity Required
$323,116
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$44,200
$62,910
Property Management
+7.7% PA
$3,403
$4,844
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
$36,088
$51,922
Interest Repayments
$101,277
$101,277
Net Cashflow Before Tax
-$65,189
-$49,355
Depreciation
-
-
Tax Offset
-$19,557
-$14,806
Net Cashflow After Tax
-$45,633
-$34,548
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,869,000
$3,378,707
Loan Balance
I.O
$1,534,500
$1,534,500
$334,500
$1,844,207
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
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