$890K
$184,117
"AUCTION 19th October at 1230pm unless sold prior Terms 510 deposit Settlement 306090 days Land size 568m2 approx Built 1971 approx Discover your dream family oasis in this stunning and completely renovated house. Comprising of four lavish sized bedrooms, including a spacious master suite featuring an ensuite complemented by a generous walkin robe. Enjoy three private entertaining areas comprising of a fully enclosed outdoor al fresco space, pool room with a builtin bar and a generous open plan livingdining space, perfect for family gatherings and celebrations all year round. The home boasts a double car lockup garage, and a convenient storage shed, ensuring you have all the room you need for your belongings. Comfort is prioritized with ceiling fans and ducted heating throughout, complemented by cozy log fireplaces in both the main living outdoor area for those chilly evenings. The kitchen is a chefs delight, featuring a spacious walkin butlers pantry, sleek stone benchtops, and topoftheline gas cooking appliances, this will be sure to impress even the fussiest of cooks. Set on approximately 568m of land and situated in a familyfriendly court location, this property is just a stones throw away from some of Frankston greatest schools and amenities including Bayside Shopping Centre, Frankston Station, Chisholm TAFE, Frankston beach and freeway access. Notable schools in the area include St Johns Primary School, Frankston East Primary school, Monteray High School, Karingal Primary School St John Paul College. Simply an opportunity not be missed Disclaimer In preparing this information, Barry Plant Frankston has relied in good faith upon information provided by others and has made all reasonable efforts to ensure that the information is correct. The accuracy of the information provided to you whether written or verbal cannot be guaranteed. If you are considering this property, you must make all enquiries necessary to satisfy yourself that all information is accurate. Please note that inspection times are subject to change without notice, we suggest you check the online marketinglisting on the day."
1.3%
67.2%
$765K
3.4%
-$80,000
-$26,308
2.7%
2.0%
-14.7%
6.0%
Asking Price
$890,000
Estimated Purchase Price
$955,000
Stamp Duty
$52,370
Transfer Fee
$2,340
Conveyancing
$1,196
Deposit (10%)
$95,500
Reg. Mortgage
$129
LMI Premium
$27,231
Renovation Costs
-
Total Cash/Equity Required
$179,315
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,589
$2,073
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
$19,144
$27,823
Interest Repayments
$56,727
$56,727
Net Cashflow Before Tax
-$37,583
-$28,904
Depreciation
-
-
Tax Offset
-$11,275
-$8,671
Net Cashflow After Tax
-$26,308
-$20,233
Assumptions
Year 1
Year 10
Property Value
6.8%
$934,500
$1,689,354
Loan Balance
I.O
$859,500
$859,500
$75,000
$829,854
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2021 Population
Suburbs
Health Care and Social Assistance - 20.0%
Retail Trade - 13.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 49.0%
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