$790K
$163,093
"PRIVATE INSPECTIONS WELCOMED When the current owners purchased the original home they saw great potential to create something special. The clever renovation now completed will impress on inspection allowing the new owner the luxury of moving in and enjoying the lifestyle provided. Well sited on a flat 566m2 allotment and designed to capture natural light the floorplan features 2 separate living areas with the stunning state of art kitchen as the heart and hub of the home, overlooking the rear garden and outdoor entertaining area with its own outdoor kitchen making this home ideal for entertaining on a grand scale. Conveniently located close to top quality secondary and primary schools, multiple shopping precincts, allied health and the GeelongMelbourne Ring Road, youll find everything you need within close proximity. 3 spacious bedrooms, all with BIR Expansive kitchen and large butlers pantry with double sink and integrated dishwasher Open planned lounge, kitchen and dining room 2 person designated study area Lounge expanding out to beautifully landscaped gardens and entertaining area Separate outdoor BBQ area, fridge and cabinetry Electric gate providing easy off street access for several cars Generous laundry with plenty of storage The many extras include 12 solar panels, security system separate parking for trailerscaravans For more information or to inspect the property, contact James Osborne on 0499 486 723 today."
Below are some similar properties in the area you may be interested in.
-
72.3%
$620K
3.8%
-$80,000
-$24,304
2.6%
1.9%
-15.3%
6.0%
Asking Price
$790,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
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
$1,603
$2,092
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
$15,770
$23,023
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$34,720
-$27,467
Depreciation
-
-
Tax Offset
-$10,416
-$8,240
Net Cashflow After Tax
-$24,304
-$19,227
Assumptions
Year 1
Year 10
Property Value
6.8%
$822,360
$1,486,631
Loan Balance
I.O
$765,000
$765,000
$57,360
$721,631
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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