$1.35M
$256,631
"Step into a blend of traditional elegance and modern convenience at 610 School Road, Tarwin Lower. This delightful 1930sstyle home, lovingly relocated from Doncaster, boasts a plethora of features that exude character and charm, making it an idyllic haven for retirees or families embracing the workfromhome lifestyle. With three wellappointed bedrooms, the master featuring an expansive floortoceiling robe. This residence caters comfortably to family living. The study nook is an added bonus for those who require a dedicated space for professional pursuits. The interior resonates with timeless appeal, from the leadlight accents and polished Baltic timber floors to the soaring 13foot ceilings adorned with ornate cornices. The generous kitchen is a culinary delight with a 900mm electric stove, dishwasher, openfaced pantry, and a charming ceramic sink, while the lounge room invites relaxation with its Coonarastyle wood fire. Dual decked entertaining areas, accessible via double doors, provide a seamless transition for alfresco enjoyment, feature fountain and all within the privacy of secure fencing perfect for pets. Additionally, the property includes a renovated bathroom in the main house, double carport, twocar garage, and a selfcontained unit complete with bathroom and kitchenette, nestled within the shed. Potential for holiday letting. This 4618squaremetre estate is discreetly positioned behind the IGA supermarket, just a stones throw from the serene Tarwin river walking track. With Venus Bay pristine surf beaches, a medical centre, primary school, inviting cafes, and the Tarwin Lower Hotel all within walking distance, this home offers the perfect fusion of serenity and convenience. Embrace the joy of spacious country living with all the amenities at your doorstep at this unique and captivating property. Disclaimerwe have obtained all information in this document from sources we believe to be reliable howeverwe cannot guarantee its accuracy. Prospective purchasers leasees are advised to carry out their own investigations. httpswww.consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
88.3%
$460K
6.8%
-$1,075,000
-$48,069
1.4%
0.8%
-18.7%
6.0%
Asking Price
$1,350,000
Estimated Purchase Price
$1,350,000
Stamp Duty
$74,250
Transfer Fee
$3,265
Conveyancing
$1,196
Deposit (10%)
$135,000
Reg. Mortgage
$129
LMI Premium
$42,242
Renovation Costs
-
Total Cash/Equity Required
$256,631
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$80,190
$80,190
Net Cashflow Before Tax
-$68,670
-$63,168
Depreciation
-
-
Tax Offset
-$20,601
-$18,950
Net Cashflow After Tax
-$48,069
-$44,218
Assumptions
Year 1
Year 10
Property Value
6.8%
$293,700
$530,940
Loan Balance
I.O
$1,215,000
$1,215,000
-$921,300
-$684,060
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
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply