Withheld
$229,280
"Pace out the land, check out the accommodation, consider this fastpaced location... and take part in transformation of the Southland precinct Ready to welcome with an accommodating four bedroom brick home, this approx 720sqm property adds up to rare Highettaddressed family value today ...with multiple options for the future. Move in, stretch out and give the kids the great big backyard they deserve with the wide open space of William Fry Reserve across the road, Highett Reserve and Waves Leisure Centre within a walk, and Bayside schools in easy reach. Presented in fresh bright style with a large lounge flowing into sunny northfacing dining, this accommodating home stars a stylish stonefinished kitchen, a big, updated bathroom with a separate WC and a vast and versatile laundry. With warm polishedboards, quality windowfurnishings and reversecycle air conditioning adding to livability and potential rentability, this solid home has plentiful offstreet parking to add to easy accessibility...and plenty of land to add to future growth. Move into the perfect home base for now, secure a good base for strong rental...and make this versatile property the basis for future wealth. Alternatively, dive into developing right away Subject to Council Approval and capitalise on this booming strip at the gateway to Southlands retail and rail hub. Just 300m to the doors of Southland and a quick dash to the station with the new SRL station planned for the future, this prime site is ready to meet the demand for allnew prestige living within reach of Baysides beaches, golf courses, educational opportunity and caf society."
2.6%
55.5%
$1.21M
2.5%
-$55,000
-$34,888
2.6%
2.0%
-14.3%
6.0%
Asking Price
$1,190,000
Estimated Purchase Price
$1,280,000
Stamp Duty
$70,400
Transfer Fee
$3,101
Conveyancing
$1,196
Deposit (10%)
$128,000
Reg. Mortgage
$129
LMI Premium
$40,052
Renovation Costs
-
Total Cash/Equity Required
$243,427
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,741
$2,272
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
$26,191
$37,872
Interest Repayments
$76,032
$76,032
Net Cashflow Before Tax
-$49,841
-$38,160
Depreciation
-
-
Tax Offset
-$14,952
-$11,448
Net Cashflow After Tax
-$34,888
-$26,712
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,308,300
$2,365,095
Loan Balance
I.O
$1,152,000
$1,152,000
$156,300
$1,213,095
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2021 Population
Suburbs
Manufacturing - 19.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 8.0%
Construction - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price