Withheld
$165,001
"Residential Growth Zone enables a stunning Bayswater development prospect with approved plans and permits and 985 sqm approx. of land This truly is an unmissable opportunity to make your residential mark on a suburb that is growing in stature by the day. The current approved plans and permits include Endorsed Town Planning Town Planning Permit Structure drawings Architecture drawings Landscape drawings Drainage system drawings Energy Rating Civil engineering drawings Arborist report Geotech report Land Survey Legal Point of Discharge Property Information Size, Depth and Offset SDO information Services To build a boutique apartment complex which consists of 13 residences. Conversely, there is the option to construct 5 three story townhousesunits STCA on the land if you dont want to go down the apartment path. There is one final option of building your dream home with all the custom fittings you desire also STCA. All the permits have been approved and the hard work has already been done, all you need to do is come in and build This property is situated directly next to Marie Wallace Bayswater Park, which gives you easy access to ovals, great sporting facilities, and off leash dog area. Youre also close to Mountain High Shopping Centre, Westfield Knox, Bayswater Secondary College, Bayswater Primary School, Dandenong Creek Trail, HE Parker Reserve, buses, Bayswater Station, and Eastlink."
Below are some similar properties in the area you may be interested in.
-
60.8%
-
-
-$780,000
-$53,930
1.5%
1.1%
-18.0%
6.0%
Asking Price
$1,450,000
Estimated Purchase Price
$1,580,000
Stamp Duty
$86,900
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$158,000
Reg. Mortgage
$129
LMI Premium
$49,439
Renovation Costs
-
Total Cash/Equity Required
$299,829
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,524
$1,988
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
$16,809
$24,492
Interest Repayments
$93,852
$93,852
Net Cashflow Before Tax
-$77,043
-$69,360
Depreciation
-
-
Tax Offset
-$23,113
-$20,808
Net Cashflow After Tax
-$53,930
-$48,552
Assumptions
Year 1
Year 10
Property Value
6.8%
$854,400
$1,544,552
Loan Balance
I.O
$1,422,000
$1,422,000
-$567,600
$122,552
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Manufacturing - 16.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Wholesale Trade - 9.0%
Others - 51.0%
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