$830K
$155,459
"This gem of a residence on over a quarteracre of manageable gardens is the ideal place from which to enjoy this enviable location. Close to schools, parkland, and the walking path into Mount Dandenong village, this home offers a wellrounded hills lifestyle without all the work. The gated drive with abundant offstreet parking and single garage boasts beautiful box hedge, a wide arbor that leads into the level gardens, and access to the paved patio for dining outdoors. The classic weatherboard exterior of this dwelling is filled with character and charm. Inside, the sunfilled foyer leads into the living area with timber floors and an inviting open wood fire. For an abundance of space there is an additional living and dining zone with wraparound windows, a second wood fire, further timber floors, and ceiling roses decorated with crystal chandeliers. In the kitchen, butcherblock benchtops, shaker cabinets, a Miele dishwasher, and St George oven enhance this space to perfection. Each of the generous bedrooms features builtin robes and quality carpet, while the classic family bathroom is accompanied by an updated powder room. Upstairs offers a unique opportunity to line the attic to create further living or storage space. A dream weekender or a forever family home, this delightful property promises to fit the bill. Plan your viewing today. 1,137sqm approx. allotment with gated drive and ample offstreet parking Lush landscape with box hedge and level entertaining areas Charming weatherboard exterior 2 generous living areas with rich timber floors and warm wood fires Bright kitchen with butcherblock benchtops and quality appliances 4 spacious bedrooms with cosy carpet and builtin robes Meticulous bathroom with updated powder room Gas ducted heating, abundant storage, and potential to develop the attic space"
Below are some similar properties in the area you may be interested in.
-
92.3%
$885K
4.2%
-$210,000
-$25,508
2.6%
1.9%
-15.3%
6.0%
Asking Price
$890,000
Estimated Purchase Price
$890,000
Stamp Duty
$48,470
Transfer Fee
$2,188
Conveyancing
$1,196
Deposit (10%)
$89,000
Reg. Mortgage
$129
LMI Premium
$25,377
Renovation Costs
-
Total Cash/Equity Required
$166,910
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
$1,907
$2,488
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
$16,426
$23,993
Interest Repayments
$52,866
$52,866
Net Cashflow Before Tax
-$36,440
-$28,873
Depreciation
-
-
Tax Offset
-$10,932
-$8,662
Net Cashflow After Tax
-$25,508
-$20,211
Assumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$801,000
$801,000
-$74,760
$511,869
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2021 Population
Suburbs
Retail Trade - 12.0%
Education and Training - 12.0%
Manufacturing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 56.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price