$910K
$153,550
"Welcome to your dream family home in New Gisborne, designed for fun and familyfriendly living. This spacious 4bedroom residence on 985m2 offers two fantastic living areas, making it perfect for all your growing familys needs. Imagine starting your day with the morning sun streaming through large bay windows into your master suite, providing a picturesque view of Mount Macedon. The master suite also features a walkin robe and a private ensuite, ensuring your comfort and privacy. At the heart of this home is a newly renovated kitchen, beautifully designed with a Hamptonsinspired aesthetic. It features luxurious stone benches, shaker cabinets, a 900mm Smeg oven, and a Smeg dishwasher. The double pantry cupboards and double Franke sink under the window, which doubles as a servery to the alfresco area, make it perfect for summer BBQs and entertaining. The combined family room and dining area at the rear of the home offer 180degree views of your backyard. With a freestanding wood fire and feature brickwork, this space exudes warmth and sophistication. There is also ducted heating at this property. Three additional childrens bedrooms are located off a rear hall, sharing a common bathroom and a separate wc. The large laundry room provides extra convenience. Outside, the familyfriendly yard features an ornate garden surrounded by privacy hedges and magnolias. The concrete driveway offers extra space for a trailer or a teens basketball hoop, and the double gate to the rear yard provides security and ample space for pets. Ornamental pear trees, a fire pit, and a standalone shedmusic sanctuary or heshe cave add to the charm. A 4500litre rainwater tank feeds the herb gardens and lemon trees. When additional space is needed for entertaining, the alfresco area connects to the rear of the double car garage, creating a perfect setting for birthdays and celebrations. Located within walking distance to the Train Station, New Gisborne Primary School, childcare, and sporting facilities, as well as the famous Whistle Stop Hotel, this home offers unparalleled convenience. Experience the perfect blend of luxury, comfort, and practicality in this beautiful family home in New Gisborne, where every day feels like a special occasion."
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91.2%
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Asking Price
$950,000
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,843
$2,405
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
$16,490
$24,076
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$35,782
-$28,196
Depreciation
-
-
Tax Offset
-$10,735
-$8,459
Net Cashflow After Tax
-$25,047
-$19,737
Assumptions
Year 1
Year 10
Property Value
6.8%
$939,840
$1,699,007
Loan Balance
I.O
$792,000
$792,000
$147,840
$907,007
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
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