$730K
$122,059
"Step into a world of serene living, where the gentle whispers of nature blend seamlessly with the comfort of modern family life with the bonus of a dedicated work from home space or multigeneration flexibility. This enchanting threebedroom home offers a tree change sanctuary for firsttime buyers and young families alike, with the added allure of a spacious 1528m allotment. Offering both the tranquillity of a hills retreat and the convenience of being a stones throw from the local bustle, its a place where birdlife is in abundance and lifes pleasures and essential amenities are just a 10minute walk away. Ascending upstairs a beautifully renovated kitchen heart is complete with stone counters and stainlesssteel Bosch appliances, framed by a breakfast island for casual dining. The kitchen flows into a welcoming lounge and dining area, which further extends onto a large rear deck. Perfect for alfresco dining and outdoor entertainment, the space comes complete with a wood fire pizza oven for those who delight in culinary adventures under the stars. The magic of the setting is palpable, with a front balcony that offers a quaint coffee bench to enjoy the morning chorus of local birds, including the friendly local kookaburras. The propertys rear is an idyllic escape for all ages with a tiered yard ready for outdoor play and conversations around the fire pit plus a veggie patch for those with a green thumb. Back inside, the home boasts polished timber floorboards, a downstairs laundry with the potential for a second bathroom, and an understairs storage room. A separate home office provides the ideal workfromhome setup or could serve as a guest bedroom, while the vast under house storage caters to all your needs. Those looking for multigenerational living options will find potential in reconfiguring the downstairs area into a selfcontained space. Convenience further meets functionality with a tandem carport, an abundance of offstreet parking, and a dedicated bay for a trailer or caravan. At a Glance 3bedroom, 1bathroom home on 1528m2. Stone topped kitchen with stainlesssteel Bosch appliances and breakfast island. Front balcony with a coffee bench and rear deck with wood fire pizza oven. Tiered rear yard with a spot for a fire pit zone and a veggie patch. Tandem carport plus plenty of additional offstreet parking including a lower parking bay for a trailercaravan. Downstairs laundry with a second toilet could be converted to a second bathroom. Under stairs storage room. Separate home office with builtin desk and separate entrance under the house could also be a guest bedroom. Those seeking multigeneration flexibility could reconfigure the entire downstairs area and make it a selfcontained space under the existing roofline. Vast under housedeck storage. New downlights. Updated insulation batts in walls. Split system air conditioning. Polished timber floorboards. 10minute walk to Belgrave main street. Disclaimer All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions including but not limited to a propertys land size, floor plans and size, building age and condition Interested parties should make their own enquiries and obtain their own legal advice."
Below are some similar properties in the area you may be interested in.
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83.6%
-
-
$175,000
-$16,568
3.5%
2.4%
-13.2%
6.0%
Asking Price
$730,000
Estimated Purchase Price
$675,000
Stamp Duty
$35,570
Transfer Fee
$1,685
Conveyancing
$1,196
Deposit (10%)
$67,500
Reg. Mortgage
$129
LMI Premium
$19,247
Renovation Costs
-
Total Cash/Equity Required
$125,876
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
$1,907
$2,488
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
$16,426
$23,993
Interest Repayments
$40,095
$40,095
Net Cashflow Before Tax
-$23,669
-$16,102
Depreciation
-
-
Tax Offset
-$7,101
-$4,831
Net Cashflow After Tax
-$16,568
-$11,272
Assumptions
Year 1
Year 10
Property Value
6.8%
$907,800
$1,641,086
Loan Balance
I.O
$607,500
$607,500
$300,300
$1,033,586
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
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