$475K
$84,662
"This well kept, three bedroom home is a real find, being set on a huge residential block of approx 2023m2 and situated in the quiet area of Violet Town. If you are looking for comfortable living and space, this home is a must see. Comprising Light and bright open living area The new galley kitchen comes equipped with plenty of cupboards, dishwasher electric cooking Two bedrooms with robes, a third bedroomstudy with dual access to undercover veranda Split system heating cooling, wood heater and floor coverings throughout will keep you comfortable all year round Central bathroom features a shower, vanity and separate toilet Large tiled laundry accessible from back under cover patio, perfect for extra storage room or ironing station Undercover patio area ideal for relaxing with your morning coffee or entertaining guests Set amongst an established smartly designed garden with established shade trees giving plenty of privacy Steel frame on concrete stumps 10m x 4m steel garage with power 3m x 3m garden shed with concrete floor 2 Bay open work shed This is a property waiting for you to decide its purpose perfect for a tradie looking for a home base with the shedding, a pony yard, or simply just relax under the lemon scented gum trees and enjoy country living. Moments away from the town centre, local swimming pool, primary school, daycare, kinder and a short walk to the beautiful Honeysuckle Creek parklands and not to mention the famous monthly Violet Town Market. Contact our team to schedule a viewing and experience what this property and Violet Town has to offer."
Below are some similar properties in the area you may be interested in.
2.4%
71.7%
$570K
3.9%
$130,000
-$9,217
4.7%
3.1%
-11.0%
6.0%
Asking Price
$470,000
Estimated Purchase Price
$470,000
Stamp Duty
$23,270
Transfer Fee
$1,206
Conveyancing
$1,196
Deposit (10%)
$47,000
Reg. Mortgage
$129
LMI Premium
$10,390
Renovation Costs
-
Total Cash/Equity Required
$83,740
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$2,142
$2,795
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
$14,751
$21,637
Interest Repayments
$27,918
$27,918
Net Cashflow Before Tax
-$13,167
-$6,281
Depreciation
-
-
Tax Offset
-$3,950
-$1,884
Net Cashflow After Tax
-$9,217
-$4,397
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$423,000
$423,000
$217,800
$735,414
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply