$1.1M
$230,223
"Basking in the glow of a divine brandnew renovation, this impressive fourbedroom residence in the Lakewood Estate offers incredible serenity with a beautiful outlook directly onto the leafy border of Frankston golf course and a glistening inground pool. In walking distance of Kingsley Park Primary School, St Augustines Primary School, Mount Erin College, and Lakewood shops this perfect family home offers stylish living in a quiet culdesac, just a stones throw from Frankstons major shopping precinct, Monash University, the hospital and the beach. Reimagined with fabulous attention to detail and quality, the interior offers a contemporary coastal aesthetic within its spacious singlelevel footprint allowing effortless flow through three living areas and contemporary kitchen with ceramic cooktop, double oven and Asko dishwasher. Outside, a backyard oasis offers relaxing resortstyle space with a sheltered alfresco and an inground pool for fabulous allweather relaxation and family entertaining with the lush golf course backdrop adding to the peaceful ambience. Sleeping domains are thoughtfully designed for comfort and privacy, including a childrens wing with three robed bedrooms and a designer family bathroom with walkin rain shower and deep bathtub. The master bedroom with walkin robe and modern ensuite including a bespoke solid timber vanity and walkin rain shower offers a peaceful retreat for parents. A designated home office with custommade desk and cabinetry, offering flexibility as a fifth bedroom. The home also includes a stylish laundry, an open fireplace, ducted heating and evaporative cooling, security system, rainwater tank and a remote double garage with a storage room. Disclaimer Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence."
-
78.3%
$910K
3%
-$430,000
-$36,879
2.1%
1.5%
-16.4%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$1,185,000
Stamp Duty
$65,175
Transfer Fee
$2,879
Conveyancing
$1,196
Deposit (10%)
$118,500
Reg. Mortgage
$129
LMI Premium
$37,079
Renovation Costs
-
Total Cash/Equity Required
$225,507
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,440
$34,786
Property Management
+7.7% PA
$1,882
$2,679
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
$17,704
$25,774
Interest Repayments
$70,389
$70,389
Net Cashflow Before Tax
-$52,685
-$44,615
Depreciation
-
-
Tax Offset
-$15,805
-$13,385
Net Cashflow After Tax
-$36,879
-$31,231
Assumptions
Year 1
Year 10
Property Value
6.8%
$806,340
$1,457,671
Loan Balance
I.O
$1,066,500
$1,066,500
-$260,160
$391,171
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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