$469K
$90,195
"Refreshed and revitalized, this brilliant 3 bedder on a great piece of land is a perfect first home or rental and wonderful downsizer home to house grandchildren and family. Featuring a well lit living room, chic cooks kitchen with all the modern amenities, new fully tiled bathroom and beautiful floorboards throughout the home. An expansive backyard is perfect for expansion of the home or a granny flat STCA and you are centrally located to all the amenities Hume Council offers including great shopping, libraries, cinemas and more. At Terang St, you are set up for a life of comfort and convenience. Highlights Approximately 608sqm property Excellent rental returns per month Timber flooring throughout the home Natural light filled lounge room Kitchen featuring gas cooking, ss dishwasher, good storage and meals area Three good sized rooms with mirrored BIRs New bathroom tiled ceiling to floor plus internal laundry Expansive backyard ready to extend or build additional unit STCA Undercover carport plus driveway parking Minutes to Upfield Station and public transport, Dallas and Campbellfield local shopping, sports clubs and reserves and a wide range of eateries and 25mins to Highpoint Shopping Centre Within catchment zone for Dallas Brooks Community Primary School, Hume Central Secondary College and several primary and secondary private schools Direct access 35mins to Melbourne CBD via M2 and 18mins to Tullamarine Airport All information about this property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property."
4%
38.4%
$500K
4%
$115,000
-$9,585
4.3%
2.7%
-12.7%
6.0%
Asking Price
$450,000
Estimated Purchase Price
$425,000
Stamp Duty
$20,570
Transfer Fee
$1,100
Conveyancing
$1,196
Deposit (10%)
$42,500
Reg. Mortgage
$129
LMI Premium
$9,395
Renovation Costs
-
Total Cash/Equity Required
$75,440
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,981
$2,585
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
$11,553
$17,065
Interest Repayments
$25,245
$25,245
Net Cashflow Before Tax
-$13,692
-$8,180
Depreciation
-
-
Tax Offset
-$4,108
-$2,454
Net Cashflow After Tax
-$9,585
-$5,726
Assumptions
Year 1
Year 10
Property Value
6.8%
$576,720
$1,042,573
Loan Balance
I.O
$382,500
$382,500
$194,220
$660,073
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2016 Population
Suburbs
Transport, Postal and Warehousing - 20.0%
Manufacturing - 16.0%
Retail Trade - 9.0%
Construction - 8.0%
Others - 47.0%
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