$2.3M
$381,016
"Set on a picturesque 3.1 acres and zoned residential with current permission to subdivide, is Heathfield, a beautifully renovated home that offers quality fittings throughout, stunning sunsets and vistas to Mount William and the surrounding countryside, and the opportunity to immerse yourself in tranquillity, or develop and invest for your future. Recently renovated, the home offers a flexible floor plan, boasting 4 large bedrooms, the main with ensuite and walk in robe, new bathrooms, a wellequipped modern kitchen with walk in pantry, and spacious, lightfilled living that opens to north facing alfresco dining, ideal for entertaining, relaxing and enjoying the view. Outside there are landscaped gardens, a fire pit and covered BBQ area, enclosed vegetable gardens, and plenty of quality shedding, perfect for a tradesperson or handyman. Superb opportunity for investors looking for something to develop, with the planning work having already been done, or those looking for the country lifestyle in a fastidiously renovated home with ample infrastructure, a short stroll to the primary school, main street shops and everything that stunning Lancefield has to offer."
Below are some similar properties in the area you may be interested in.
-
81.8%
$573K
4.1%
$85,000
-$62,161
1.9%
1.5%
-16.3%
6.0%
Asking Price
$2,300,000
Estimated Purchase Price
$2,015,000
Stamp Duty
$110,975
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$201,500
Reg. Mortgage
$129
LMI Premium
$63,050
Renovation Costs
-
Total Cash/Equity Required
$381,016
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$39,000
$55,509
Property Management
+7.7% PA
$3,003
$4,274
Rates
+3.0% PA
$1,843
$2,405
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
$30,889
$44,570
Interest Repayments
$119,691
$119,691
Net Cashflow Before Tax
-$88,802
-$75,121
Depreciation
-
-
Tax Offset
-$26,641
-$22,536
Net Cashflow After Tax
-$62,161
-$52,585
Assumptions
Year 1
Year 10
Property Value
6.8%
$2,242,800
$4,054,449
Loan Balance
I.O
$1,813,500
$1,813,500
$429,300
$2,240,949
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
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price