$495K
$88,351
"Welcome to your new home in the serene and picturesque The Honeysuckles. This charming beachside property has a lot to offer those who wish to make the home a permanent residence, a weekender or a shortterm rental to make some extra income. perfect blend of comfort and practicality. Nestled privately amongst the banksia trees, this coastal gem enjoys the perfect blend of comfort and practicality. Featuring 3 Bedrooms with builtin robes, a large bathroom with a walkin shower, an updated kitchen, a meals area and a large sunfilled living room with a wood heater. Outside is a 9 x 3m lockup garage, two decked entertaining areas, a hot water beach shower, two rainwater tanks and a small storage shed. Ideally located, just a short walk to the 90Mile Beach in a quiet court, this home offers a comfortable, relaxed lifestyle. Dont miss out on this coastal gem in The Honeysuckles. Contact Matt Cutler on 0438 356 761 to arrange a viewing and take the first step towards making this wonderful property your new home 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"
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87.4%
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Asking Price
$495,000
Estimated Purchase Price
$495,000
Stamp Duty
$24,770
Transfer Fee
$1,264
Conveyancing
$1,196
Deposit (10%)
$49,500
Reg. Mortgage
$129
LMI Premium
$10,943
Renovation Costs
-
Total Cash/Equity Required
$88,351
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,638
$24,269
Interest Repayments
$29,403
$29,403
Net Cashflow Before Tax
-$12,765
-$5,134
Depreciation
-
-
Tax Offset
-$3,829
-$1,540
Net Cashflow After Tax
-$8,935
-$3,594
Assumptions
Year 1
Year 10
Property Value
6.8%
$475,260
$859,157
Loan Balance
I.O
$445,500
$445,500
$29,760
$413,657
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 Days of Supply
Sold Price
Asking Price