$450K
$80,050
"Beautifully renovated, this 3bedroom home offers a relaxed coastal lifestyle and is perfect as a permanent seachange or for those seeking a holiday home with the opportunity to make some extra income through shortterm rental. Located just metres from the pristine sands of the Ninety Mile Beach, you can sit back on the front sundrenched deck and listen to the sound of the soothing waves. With the striking faade embracing a fresh white coastal vibe to a stylish interior, this property delivers something special. The home comprises a welcoming livingmeals area with split system air conditioning and cosy wood fire adjoins a modern new kitchen boasting quality appliances. There are two robed bedrooms inside plus another outside and they share a stunning bathroom with walkin shower and separate toilet. The low maintenance yard sits on an elevated block of land and offers another opportunity to enjoy the fresh ocean air and is a great space for kids and animals to run around. There are 2 large water tanks and a garden shed for storing beach toys. The beautifully renovated abode is so close to the beach and delivers the ultimate beachside lifestyle. Disclaimer Prospective purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. For a Due Diligence Checklist go to httpwww.consumer.vic.gov.auduediligencechecklist"
-
85%
$365K
4.6%
-$130,000
-$12,104
3.5%
2.1%
-15.1%
6.0%
Asking Price
$449,500
Estimated Purchase Price
$450,000
Stamp Duty
$22,070
Transfer Fee
$1,159
Conveyancing
$1,196
Deposit (10%)
$45,000
Reg. Mortgage
$129
LMI Premium
$9,948
Renovation Costs
-
Total Cash/Equity Required
$80,051
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$1,695
$2,212
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
$9,439
$14,022
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$17,291
-$12,708
Depreciation
-
-
Tax Offset
-$5,187
-$3,812
Net Cashflow After Tax
-$12,104
-$8,895
Assumptions
Year 1
Year 10
Property Value
6.8%
$341,760
$617,821
Loan Balance
I.O
$405,000
$405,000
-$63,240
$212,821
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply