Withheld
$299,829
"Expressions of Interest In a prime Prahran position with the Prahran Market, Greville Street and Fawkner Park within easy reach, this beautifully renovated single level Edwardian residence offers a fantastic lifestyle opportunity in an easily maintained setting. An inviting floorplan comprises two distinct living spaces including a stylish formal sitting room and a bright open plan family room unfolding through floor to ceiling bifold doors to an established landscaped rear garden. The sophisticated kitchen features sleek cabinetry, Ilve stove, Bosch oven and a natural stone island with stylish breakfast bar. Three generous bedrooms share a luxurious bathroom with heated floors. Additional features include comprehensive laundry, Baltic pine floors, double glazing, heating and cooling as well as vehicle access to parking via rear roller door access. A first class location, immaculate presentation and designer style make this fine home an enticing proposition."
-
61.8%
$2.27M
2.5%
$85,000
-$41,092
2.6%
2.1%
-14.3%
6.0%
Asking Price
$1,600,000
Estimated Purchase Price
$1,515,000
Stamp Duty
$83,325
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$151,500
Reg. Mortgage
$129
LMI Premium
$47,405
Renovation Costs
-
Total Cash/Equity Required
$287,720
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
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
$31,288
$45,091
Interest Repayments
$89,991
$89,991
Net Cashflow Before Tax
-$58,703
-$44,900
Depreciation
-
-
Tax Offset
-$17,611
-$13,470
Net Cashflow After Tax
-$41,092
-$31,430
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,708,800
$3,089,104
Loan Balance
I.O
$1,363,500
$1,363,500
$345,300
$1,725,604
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow are some similar properties in the area you may be interested in.
Location, 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