$1.8M
$373,414
"Situated on a wide treelined street on a significant allotment measuring 710sqm, this twostorey family home presents a brilliant lifestyle opportunity. Two levels of flexible spaces offer ample space for families of all stages or imagine the future possible a fullscale renovation, extension or complete reimagining into a brandnew home or dual home site STCA. A bright entrance hallway makes a warm and welcoming introduction to the formal living and dining rooms that flow through to the relaxed family room and wellequipped kitchen. A generous study is ideal for use as a fourth bedroom if desired. Upstairs find the ensuite main bedroom with walkin robe, plus two additional robed bedrooms and the main bathroom. An established rear garden and vast undercover entertaining deck and terrace create good indooroutdoor connection, with two selfcontained external studio rooms providing additional flexibility for a teen retreat or gym. Includes heating and cooling, a dedicated laundry, powder room, carport and plenty of parking. Enjoy the best of Bayside living with Sandringhams shopping village and beaches nearby, offering good proximity to Highetts vibrant rail, retail, and dining precincts, and a leisurely stroll to Sandringham Secondary College and local primary schools. approximate land size"
Below are some similar properties in the area you may be interested in.
-
80.1%
-
-
-$190,000
-$52,756
2.3%
1.8%
-15.2%
6.0%
Asking Price
$1,700,000
Estimated Purchase Price
$1,830,000
Stamp Duty
$100,650
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$183,000
Reg. Mortgage
$129
LMI Premium
$57,261
Renovation Costs
-
Total Cash/Equity Required
$346,402
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,796
$2,343
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
$33,336
$48,047
Interest Repayments
$108,702
$108,702
Net Cashflow Before Tax
-$75,366
-$60,655
Depreciation
-
-
Tax Offset
-$22,610
-$18,196
Net Cashflow After Tax
-$52,756
-$42,458
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,751,520
$3,166,331
Loan Balance
I.O
$1,647,000
$1,647,000
$104,520
$1,519,331
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Education and Training - 12.0%
Retail Trade - 11.0%
Professional, Scientific and Technical Services - 11.0%
Others - 49.0%
Average Income
Average Population
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price