$1.28M
$261,347
"This 12yearold luxury home is located at the inlet end of the everpopular Sandy Point. Only 800 metres to the general store and town centre, 400 metres to beach access and 2.1kms to the Inlet. Sandy Point is located in South Gippslands Prom Coast Region, 191kms from Melbourne CBD. Surrounded by natural beauty including the beaches of Sandy Point, Waratah Bay and Walkerville and the worldrenowned Wilsons Promontory National Park only a 50minute drive. A great spot to holiday or set up your permanent seatree change home. The home is architecturally designed and was completed in 2012. Passively designed with a 7.6 star energy rating. Hidden behind natural bush, which is a known home to the local koalas, you get a real sense of space and serenity as you enter the native low maintenance gardens and meander along a walkway towards the front door of the home. The home has polished concrete floors through the main living areas, raked ceilings and large windows allowing plenty of natural light to flow throughout the home. Open plan kitchen, lounge and dining area with solid wood heater to keep you cosy in the cooler months. 2 large sized bedrooms towards the rear of the home, one with a north facing window seat, BIRs and carpet. A bathroom services these two bedrooms with large walkin shower, vanity and toilet. Towards the front of the home is a third bedroom with BIRs, carpet and large windows a 2nd bathroom with bath, shower vanity and a separate toilet. A 2nd lounge area or extralarge 4th bedroom sits at the front of the home with window seat looking towards the front garden and natural bush. Internal laundry with benchtop and sink completes the internal features of the home. North facing with a large deck and entertaining area with built in seating and a servery window from the kitchen. An outdoor shower ideal for washing the sand off on return from the beach. High speed NBN connection, 24,000 litre water tank, small storage shed for the bikes, beach toys and tools. Native gardens with various areas to sit and relax and enjoy the birdlife and native animals that often visit. A rare opportunity in Sandy Point to secure a luxury newer build on a flat block and all on a single level. Contact our office to arrange a private inspection."
Below are some similar properties in the area you may be interested in.
-
93.8%
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-$955,000
-$51,954
1.5%
1.0%
-18.2%
6.0%
Asking Price
$1,395,000
Estimated Purchase Price
$1,500,000
Stamp Duty
$82,500
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$150,000
Reg. Mortgage
$129
LMI Premium
$46,936
Renovation Costs
-
Total Cash/Equity Required
$284,926
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
$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
$14,879
$21,804
Interest Repayments
$89,100
$89,100
Net Cashflow Before Tax
-$74,221
-$67,296
Depreciation
-
-
Tax Offset
-$22,266
-$20,189
Net Cashflow After Tax
-$51,954
-$47,107
Assumptions
Year 1
Year 10
Property Value
6.8%
$582,060
$1,052,226
Loan Balance
I.O
$1,350,000
$1,350,000
-$767,940
-$297,774
Did you know you need to engage a conveyancer when buying a property?
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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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price