$1.15M
$240,598
"Set on a generous 682m approx. block in a prime location, this 3bedroom, 2bathroom home presents a fantastic opportunity for families, investors, or developers. Featuring a wellmaintained home with plenty of scope for renovation or redevelopment STCA, this property also includes a 1car garage and offers convenience and lifestyle in one of the most soughtafter neighborhoods. Key Features Three spacious bedrooms, perfect for family living. Two bathrooms for convenience, including a main family bathroom and an ensuite. A secure 1car garage, offering ample storage and parking space. Expansive 682m block with a 15.5m frontage and 43.9m depth approx., providing great potential for future development STCA. Prime location close to Box Hill Central Shopping Centre, Box Hill Hospital, Deakin University, and various local amenities. Zoned for popular schools such as Orchard Grove Primary School, Kingswood College, and Burwood Heights Primary School. Easy access to public transport, including Box Hill Train Station and major bus routes. Endless Possibilities This wellkept home offers a great opportunity to renovate or extend, while the large block size provides ample room for a redevelopment project or subdivision STCA. The existing structure includes functional living spaces with scope to modernize and add value. Positioned in a quiet, familyfriendly street, this home is ideal for those looking to create their dream lifestyle or capitalize on the areas high demand for new developments. With all the best schools, shopping centers, parks, and transport links nearby, the future possibilities are truly endless. Secure this rare opportunity today and unlock the potential of 10 Highview Grove, Burwood East. Photo ID required at all open for inspections."
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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 - 18.0%
Education and Training - 12.0%
Retail Trade - 11.0%
Professional, Scientific and Technical Services - 8.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price
-
70.9%
$1.45M
3.3%
$35,000
-$37,851
2.2%
1.7%
-15.7%
6.0%
Asking Price
$1,150,000
Estimated Purchase Price
$1,265,000
Stamp Duty
$69,575
Transfer Fee
$3,066
Conveyancing
$1,196
Deposit (10%)
$126,500
Reg. Mortgage
$129
LMI Premium
$39,582
Renovation Costs
-
Total Cash/Equity Required
$240,598
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,080
$39,967
Property Management
+7.7% PA
$2,162
$3,077
Rates
+3.0% PA
$1,584
$2,067
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
$21,069
$30,562
Interest Repayments
$75,141
$75,141
Net Cashflow Before Tax
-$54,072
-$44,579
Depreciation
-
-
Tax Offset
-$16,222
-$13,374
Net Cashflow After Tax
-$37,851
-$31,205
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,388,400
$2,509,897
Loan Balance
I.O
$1,138,500
$1,138,500
$249,900
$1,371,397
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