$480K
$94,806
"Welcome to your new home offering a peaceful and tranquil lifestyle, surrounded by parkland and rural countryside. Capture the picturesque water views from the northfacing front deck or 200m head down the road to the beautiful Lake Wellington. Here you can enjoy a swim or water activities and the local Yacht Club even hosts the popular overnight yacht race. This 3bedroom, 1bathroom gem offers a comfortable and inviting space with an updated kitchen boasting ample bench and cupboard space. A large meals area with solid fuel heating adjoins the spacious family room boasting split system air conditioning. Further features to mention include recent interior painting, new carpets and blinds throughout and a new electric switchboard. A large fully lined, insulated and soundproof shed with 3 rooms and a split system air conditioner is a very flexible space that can be utilised in many ways including a studio, gym, living space or home office. The yard is fully fenced and low maintenance, giving you more time to enjoy the tranquillity. This property offers endless potential for a unique lifestyle, so take a break from the hustle and bustle and enjoy the experience of country living. 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"
Below are some similar properties in the area you may be interested in.
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84.6%
-
-
-$35,000
-$25,302
-
-
-26.9%
6.0%
Asking Price
$490,000
Estimated Purchase Price
$525,000
Stamp Duty
$26,570
Transfer Fee
$1,334
Conveyancing
$1,196
Deposit (10%)
$52,500
Reg. Mortgage
$129
LMI Premium
$11,606
Renovation Costs
-
Total Cash/Equity Required
$93,884
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$4,960
-$6,472
Interest Repayments
$31,185
$31,185
Net Cashflow Before Tax
-$36,145
-$37,657
Depreciation
-
-
Tax Offset
-$10,844
-$11,297
Net Cashflow After Tax
-$25,302
-$26,360
Assumptions
Year 1
Year 10
Property Value
6.8%
$523,320
$946,038
Loan Balance
I.O
$472,500
$472,500
$50,820
$473,538
Did you know you need to engage a conveyancer when buying a property?
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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
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price