$1.1M
$181,329
"Potential dual occupancy opportunity in a high demand location. Discover untapped potential for a new home site, valuable investment or multitownhouse development STCA. Update the current home while you plan to build a second dwelling at the rear STCA. The existing 3 bedroom, 1 bathroom home offers a lounge, original kitchenmeals, sunroom, undercover entertaining area, shed and single garage. The property delivers every option to rent out, renovateextend or move in whilst you contemplate its future, close to Westall Primary, Westall Secondary, Monash Uni, Clayton Road shops, Clayton Train Station, buses, Monash Medical Centre, Ikea, MCity plus major roads. Currently tenanted on month to month basis. Photo ID required at all First National JXRE open for inspections and auctions. First National JXRE may refuse to provide further information on the property should you prefer not to disclose your full contact information including phone number. Disclaimer We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. httpwww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
4.7%
48.1%
$945K
3.3%
$35,000
-$26,830
2.7%
2.0%
-14.8%
6.0%
Asking Price
$1,100,000
Estimated Purchase Price
$965,000
Stamp Duty
$53,075
Transfer Fee
$2,364
Conveyancing
$1,196
Deposit (10%)
$96,500
Reg. Mortgage
$129
LMI Premium
$27,516
Renovation Costs
-
Total Cash/Equity Required
$181,329
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$18,992
$27,625
Interest Repayments
$57,321
$57,321
Net Cashflow Before Tax
-$38,329
-$29,696
Depreciation
-
-
Tax Offset
-$11,499
-$8,909
Net Cashflow After Tax
-$26,830
-$20,787
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,068,000
$1,930,690
Loan Balance
I.O
$868,500
$868,500
$199,500
$1,062,190
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
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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price