$1.58M
$279,267
"Rich in meticulously preserved Edwardian charm and tastefully modernized with a seamless indooroutdoor flow, this solid brick, threebedroom circa1920s residence offers a luxurious urban retreat in a prestigious Prahran location. Privately tucked behind a lush canopy of mature hedging and secured with video entry, this home provides exceptional privacy while being moments away from the vibrant attractions of High Street, Armadale, Hawksburn Village, and Chapel Street. The residence welcomes you with a charming wraparound veranda and showcases soaring ceilings adorned with intricate details, rich Baltic Pine floors, and beautiful leadlight windows. The home seamlessly flows from a cozy lounge and dining area into a contemporary kitchen, complete with a stonetopped island, perfect for morning coffee or evening wine. The kitchen extends effortlessly to a northfacing, greeneryfilled alfresco oasis, ideal for outdoor relaxation. Two of the bedrooms feature builtin robes, while two others are enhanced by plantation shutters and a benchseated bay window. Additional features include secure video entry, an alarm system with CCTV surveillance, central reversecycle heating and air conditioning, plus a split system for added comfort. This highly soughtafter location offers easy access to cafes, dining, bars, and nightlife along High Street. Citybound trams are just a minute away, connecting you to Chapel Street and Armadale, with Hawksburn Village and Hawksburn Railway Station also within walking distance."
-
48.7%
$1.58M
2.8%
$35,000
-$36,053
3.1%
2.5%
-12.5%
6.0%
Asking Price
$1,600,000
Estimated Purchase Price
$1,515,000
Stamp Duty
$83,325
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$151,500
Reg. Mortgage
$129
LMI Premium
$47,405
Renovation Costs
-
Total Cash/Equity Required
$287,720
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$46,800
$66,611
Property Management
+7.7% PA
$3,604
$5,129
Rates
+3.0% PA
$1,444
$1,884
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
$38,487
$55,338
Interest Repayments
$89,991
$89,991
Net Cashflow Before Tax
-$51,504
-$34,653
Depreciation
-
-
Tax Offset
-$15,451
-$10,396
Net Cashflow After Tax
-$36,053
-$24,257
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,655,400
$2,992,569
Loan Balance
I.O
$1,363,500
$1,363,500
$291,900
$1,629,069
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
Retail Trade - 18.0%
Health Care and Social Assistance - 16.0%
Professional, Scientific and Technical Services - 12.0%
Accommodation and Food Services - 11.0%
Others - 43.0%
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
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