$870K
$179,315
"As Newgrove Road twists its way above the township of Healesville, each property has been rewarded with a different view. 59 Newgrove Road offers a prime spot and an outstanding mountain vista that spans from Mt St Leonard in the North to the Southeast including Mt Riddell, offering a stunning backdrop that frames Healesville township below. With a great rear deck, its easy to see where you will be spending your time relaxing and with the kitchen adjacent, it makes for easy entertaining. A lovely dining space occupies the rear of the home and again those allencompassing views are on show. Also here is the family bathroom, incorporating the laundry an ever increasingly common feature we are seeing. How handy is it to have a shower and throw your clothes directly into the washing machine A large L shaped lounge room allows for two distinct zones, one for chilling out in front of the wood heater and one for couch time. A spilt system here adds to the comfort levels A fourth bedroom is adjacent, and with its own external door, could be put to use as workspace, perfect for receiving clients without having to come through your home. Three very generous bedrooms, master with ensuite, complete the home. Lovely floorboards feature throughout, while the gas ducted heating is present for those extra chilly mornings. The master bedroom also has a spilt system to ensure yearround comfort. Outside, a carport is attached to the home, while the garden is low maintenance. The block is approximately 975 m2 and has been deliberately keep clear to ensure the view is unimpeded. In the past decade Newgrove Road has certainly become a highly sort after area to invest in, with its outstanding views, quirky homes and proximity to the main street of Healesville, as well as easy access to schools and parks. Come and join the party at 59 Newgrove Rd Block size 975 m2 approx. Fabulous views ThreeFour bedrooms Master with ensuite Gas ducted heating, split systems and wood heater Sought after location Please note this property is currently being run as a BB, inspections are by appointment."
Below are some similar properties in the area you may be interested in.
2.1%
84.5%
$870K
3.2%
-$185,000
-$24,019
3.1%
2.3%
-13.7%
6.0%
Asking Price
$870,000
Estimated Purchase Price
$935,000
Stamp Duty
$51,170
Transfer Fee
$2,294
Conveyancing
$1,196
Deposit (10%)
$93,500
Reg. Mortgage
$129
LMI Premium
$26,660
Renovation Costs
-
Total Cash/Equity Required
$175,498
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,907
$2,488
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
$21,226
$30,824
Interest Repayments
$55,539
$55,539
Net Cashflow Before Tax
-$34,313
-$24,715
Depreciation
-
-
Tax Offset
-$10,294
-$7,414
Net Cashflow After Tax
-$24,019
-$17,300
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$841,500
$841,500
-$40,500
$606,517
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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