$1.58M
$335,224
"Private inspection is available Discover this versatile 3bedroom, 2bathroom brick family home on a prime street in Heidelberg. Perfect for families, investors, and developers, this solidly built property sits on a generous lot GRZ2 Zone and offers spacious bedrooms, modern bathrooms, generous living areas, and a quality kitchen. With exciting development potential for extensions, renovations, a family home project, or multiunit projects STCA, this home is ideally located close to schools, parks, shopping centers, and public transport. Flexible settlement terms available. Seize this fantastic opportunity today"
Below are some similar properties in the area you may be interested in.
-
71.3%
$1.39M
2.4%
$10,000
-$40,637
2.3%
1.8%
-15.3%
6.0%
Asking Price
$1,512,500
Estimated Purchase Price
$1,400,000
Stamp Duty
$77,000
Transfer Fee
$3,382
Conveyancing
$1,196
Deposit (10%)
$140,000
Reg. Mortgage
$129
LMI Premium
$43,807
Renovation Costs
-
Total Cash/Equity Required
$266,063
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,760
$46,628
Property Management
+7.7% PA
$2,523
$3,590
Rates
+3.0% PA
$1,866
$2,435
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
$25,106
$36,343
Interest Repayments
$83,160
$83,160
Net Cashflow Before Tax
-$58,054
-$46,817
Depreciation
-
-
Tax Offset
-$17,416
-$14,045
Net Cashflow After Tax
-$40,637
-$32,772
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,505,880
$2,722,273
Loan Balance
I.O
$1,260,000
$1,260,000
$245,880
$1,462,273
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
Health Care and Social Assistance - 31.0%
Education and Training - 11.0%
Retail Trade - 10.0%
Construction - 7.0%
Others - 41.0%
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