$995K
$205,490
"Enjoying a lovely sense of elevation in a neighbourhood of charming original and improved properties, this private 4bedroom double storey home with Bay and City views on a 644sqm block approx. backing onto Montague Park is ideal for a family or investors looking to lap up the privileges of this exclusive beachside spot. Located in a quiet residential street in one of Frankstons most desirable pockets and ideally positioned in the popular Frankston High School zone, the property is perfectly placed for a life of convenience with easy accessibility to the Bay, Frankston CBD, Frankston Hospital, schools and transport. Set behind a tall fence and gates with a shady courtyard entry, the main level features a large light and bright open plan living area with cosy wood heater and Bay and City views, dining area that opens out to the entertaining balcony that makes for a glorious spot for breakfast with the paper or summer entertaining and a builtinbar that doubles as a servery from the kitchen. Sit back and soak up the sensational vista from the rear balcony while a back gate opens directly onto Montague Park where children can play cricket or kick a football. The master bedroom features a door onto the balcony, as well as a walkthru robe to the twoway ensuite bathroom with a separate bath and shower, while downstairs is a semi selfcontained area perfect for a teenager with two bedrooms, living area, kitchenette and combined bathroom and laundry. Other features include ducted heating throughout, a study area, garden shed and carport. Opportunities such as this are rare, be quick to secure your future and avoid disappointment."
Below are some similar properties in the area you may be interested in.
Location, 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 - 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
2.6%
66.1%
$1.04M
2.8%
-$175,000
-$35,456
2.2%
1.6%
-15.9%
6.0%
Asking Price
$1,095,000
Estimated Purchase Price
$1,175,000
Stamp Duty
$64,625
Transfer Fee
$2,855
Conveyancing
$1,196
Deposit (10%)
$117,500
Reg. Mortgage
$129
LMI Premium
$36,766
Renovation Costs
-
Total Cash/Equity Required
$223,621
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
$69,795
$69,795
Net Cashflow Before Tax
-$50,651
-$41,972
Depreciation
-
-
Tax Offset
-$15,195
-$12,592
Net Cashflow After Tax
-$35,456
-$29,380
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$1,057,500
$1,057,500
$10,500
$873,190
Did you know you need to engage a conveyancer when buying a property?
Request a free contract review