$595K
$110,608
"Discover your next project or perfect escape in the heart of picturesque Hepburn Springs. Tucked among serene surroundings, this property offers a unique opportunity to create your dream home or weekend getaway. Situated in the highly soughtafter Hepburn Springs area, known for its natural beauty and tranquil lifestyle. Explore local cafes, boutiques, and the renowned Hepburn Bathhouse Spa just moments away. Whether youre looking for a renovators project or a peaceful retreat in a desirable location, this property promises potential and charm. Embrace the chance to create a home that reflects your style and aspirations. Dont miss out on this unique opportunity to own a piece of Hepburn Springs. Contact us to arrange your inspection and start envisioning your future in this gem ready to be polished. Three Bedrooms Spacious enough for family living or hosting guests. One Bathroom Conveniently located to serve all living spaces. Land Size 935m2 with plenty of room to extend or entertain with family and friends. Two Levels Enhance your living experience with distinct upper and lowerlevel spaces. Renovators Delight Let your creativity flow with endless possibilities to renovate and modernise. Large Shed Ideal for storage, workshop, or hobby space. Orchard of Fruit Trees Enjoy a bounty of fresh produce right at your doorstep."
Below are some similar properties in the area you may be interested in.
-
67.5%
$825K
3.2%
$10,000
-$16,298
3.4%
2.4%
-13.5%
6.0%
Asking Price
$649,000
Estimated Purchase Price
$650,000
Stamp Duty
$34,070
Transfer Fee
$1,627
Conveyancing
$1,196
Deposit (10%)
$65,000
Reg. Mortgage
$129
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$121,105
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,566
$2,043
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
$15,327
$22,388
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$23,283
-$16,222
Depreciation
-
-
Tax Offset
-$6,985
-$4,867
Net Cashflow After Tax
-$16,298
-$11,355
Assumptions
Year 1
Year 10
Property Value
6.8%
$704,880
$1,274,255
Loan Balance
I.O
$585,000
$585,000
$119,880
$689,255
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
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply