$420K
$80,973
"Here is your opportunity to purchase this solid home in the renowned Nicol Street, located close to the main street and all of Yarrams amenities. This is such a great location that you will not want to miss out on this beauty. You will be welcomed into the home through a wide entry hallway with high ceilings and ornate cornices. This spacious, immaculately kept home is waiting for its new owner to take it to the next level, with so much opportunity. Features include Rear lane access on a large 938 m2 block Large, light filled rooms with ornate cornices Timber doors and windows Sunroom Large laundry Vegetable gardens with tank water Solid wood heater and air conditioner 4 bedrooms with BIRs or use one for a study This sturdy home in a blue ribbon street will not disappoint. Be quick and secure an inspection today Give Jane a call 0427 826600 For a Due Diligence Checklist go to consumer.vic.gov.auduediligencechecklist Or call us on 03 51826600"
Below are some similar properties in the area you may be interested in.
4.5%
68.7%
$315K
5.3%
-$340,000
-$15,798
3.0%
1.9%
-15.9%
6.0%
Asking Price
$529,000
Estimated Purchase Price
$555,000
Stamp Duty
$28,370
Transfer Fee
$1,404
Conveyancing
$1,196
Deposit (10%)
$55,500
Reg. Mortgage
$129
LMI Premium
$12,269
Renovation Costs
-
Total Cash/Equity Required
$99,418
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$1,695
$2,212
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
$10,399
$15,389
Interest Repayments
$32,967
$32,967
Net Cashflow Before Tax
-$22,568
-$17,578
Depreciation
-
-
Tax Offset
-$6,770
-$5,274
Net Cashflow After Tax
-$15,798
-$12,305
Assumptions
Year 1
Year 10
Property Value
6.8%
$229,620
$415,098
Loan Balance
I.O
$499,500
$499,500
-$269,880
-$84,402
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price