$725K
$145,916
"Looking for a modern beach home where you can just move in with nothing to do Then this is the ideal property for you. Located on the everpopular Ash Avenue with farm land to the rear and only 850 metres to Ned Neales lookout and beach and just 1.1kms to the general store and main street. Sandy Point is located just 189km from Melbourne CBD and in the renowned Prom Coast Region of South Gippsland with the amazing beaches on your door step and Wilsons Promontory National Park only a 35minute drive and the larger townships of Fish Creek 15 min and Foster 20 Min close by. The home is fully renovated twobedroom, two living area, two storey home, with open plan dining and kitchen downstairs with a sitting room 2nd lounge area which could easily be used as a third bedroom with some doors added. The main bathroom is downstairs with shower, vanity, toilet and European laundry. An undercover front deck is idea for entertaining a large family or as a natural extension of the living space. Upstairs is a large open plan lounge area with views of the farmland to the rear and the Hoddle Ranges. 2 large sized bedrooms and a 2nd bathroom with shower, toilet and vanity complete the upstairs. A rear yard overlooking the farmland with small garden shed and plenty of room for the family to enjoy the summer days. Paved rear patio to sit and enjoy the rising sun with the morning coffee. Plenty of room for the boat and van off street and the ability to add a larger shed STCA. Contact our office for a confidential discussion. Inspections strictly by appointment as the property is currently tenanted."
Below are some similar properties in the area you may be interested in.
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93.8%
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-$300,000
-$25,392
2.5%
1.6%
-16.0%
6.0%
Asking Price
$785,000
Estimated Purchase Price
$845,000
Stamp Duty
$45,770
Transfer Fee
$2,083
Conveyancing
$1,196
Deposit (10%)
$84,500
Reg. Mortgage
$129
LMI Premium
$24,094
Renovation Costs
-
Total Cash/Equity Required
$158,322
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$2,014
$2,628
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
$13,919
$20,437
Interest Repayments
$50,193
$50,193
Net Cashflow Before Tax
-$36,274
-$29,756
Depreciation
-
-
Tax Offset
-$10,882
-$8,927
Net Cashflow After Tax
-$25,392
-$20,829
Assumptions
Year 1
Year 10
Property Value
6.8%
$582,060
$1,052,226
Loan Balance
I.O
$760,500
$760,500
-$178,440
$291,726
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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