$695K
$116,334
"Nestled just moments from town and perched upon the picturesque hills overlooking Heywood, 2273 Princes Highway is a property that effortlessly combines the charm of rural living with modern comforts. This delightful brick veneer home offers 4 generously sized bedrooms and 2 wellappointed bathrooms, making it an ideal choice for families seeking space and convenience. The recently renovated kitchen and dining area are a chefs dream, featuring ample cupboard and bench space, perfect for preparing family meals or hosting gatherings. The adjoining lounge is a cozy retreat, warmed by a wood heater that promises to keep you snug during the cooler months. The master bedroom is a true sanctuary, complete with a large walkin robe and a private ensuite, providing a perfect space to unwind. Each of the three additional bedrooms comes with builtin robes, ensuring plenty of storage for the entire family. Stepping outside, youll find a magnificent 7.2m x 5.2m timber deck that offers an ideal setting for entertaining or simply soaking in the stunning views over the township of Heywood. For those who value space and functionality, this property doesnt disappoint. The impressive 11m x 9m garageworkshop, with its concrete floor and power supply, is perfect for car enthusiasts or hobbyists. Additionally, the massive 24m x 15m machinery shed offers exceptional storage solutions for larger equipment or projects. Situated on a sprawling 9,286m allotment and connected to the town water supply, 2273 Princes Highway provides a unique opportunity to enjoy the serenity of country living without sacrificing the conveniences of town life. This property truly embodies a harmonious blend of comfort, space, and practicality, making it a standout choice for your next home."
-
76.7%
-
-
-$305,000
-$19,749
2.5%
1.6%
-16.2%
6.0%
Asking Price
$710,000
Estimated Purchase Price
$655,000
Stamp Duty
$34,370
Transfer Fee
$1,638
Conveyancing
$1,196
Deposit (10%)
$65,500
Reg. Mortgage
$129
LMI Premium
$18,677
Renovation Costs
-
Total Cash/Equity Required
$122,059
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$1,399
$1,825
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
$10,695
$15,775
Interest Repayments
$38,907
$38,907
Net Cashflow Before Tax
-$28,212
-$23,132
Depreciation
-
-
Tax Offset
-$8,464
-$6,940
Net Cashflow After Tax
-$19,749
-$16,193
Assumptions
Year 1
Year 10
Property Value
6.8%
$373,800
$675,741
Loan Balance
I.O
$589,500
$589,500
-$215,700
$86,241
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewBelow are some similar properties in the area you may be interested in.
Location, 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 - 14.0%
Health Care and Social Assistance - 14.0%
Manufacturing - 13.0%
Retail Trade - 9.0%
Others - 50.0%
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