$750K
$154,505
"Situated on a generous 736m2 approx block in the soughtafter Lakewood Estate in Frankston, this charming family home is ready for you to move in. Recently repainted, the home boasts a lightfilled, welcoming atmosphere. Its welldesigned layout includes spacious living areas separate from the kitchen and dining spaces. The accommodation features three bedrooms, including a master with a walkin robe and ensuite, while the other bedrooms are generously sized with builtin robes. Outside, enjoy the alfresco area perfect for warmer months, and a private backyard offering plenty of secure space for children to play. Key features include Two living areas Gas cooking Secure, gated backyard Three bedrooms Brandnew flooring throughout Double garage Ample offstreet parking Conveniently located just minutes from Frankstons Foreshore, City Centre, and freeway access, this home is nestled within the highly desirable Lakewood Estate. Renowned for its familyfriendly atmosphere, the area is close to Kingsley Park Primary School, Erinwood Preschool, Mount Erin College, expansive parklands to explore and a short stroll to the Roundabout caf Shaxton Circle."
2.9%
79.4%
$961K
2.7%
-$55,000
-$22,423
2.8%
2.0%
-14.9%
6.0%
Asking Price
$750,000
Estimated Purchase Price
$805,000
Stamp Duty
$43,370
Transfer Fee
$1,989
Conveyancing
$1,196
Deposit (10%)
$80,500
Reg. Mortgage
$129
LMI Premium
$22,954
Renovation Costs
-
Total Cash/Equity Required
$150,687
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$22,360
$31,825
Property Management
+7.7% PA
$1,722
$2,451
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
$15,784
$23,041
Interest Repayments
$47,817
$47,817
Net Cashflow Before Tax
-$32,033
-$24,776
Depreciation
-
-
Tax Offset
-$9,610
-$7,433
Net Cashflow After Tax
-$22,423
-$17,343
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$724,500
$724,500
$76,500
$723,517
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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