$465K
$74,517
"Modern living at its finest with this stylish and centrally located town residence. This property combines convenience, comfort, and contemporary design. Three Spacious Bedrooms Master Suite Features a walkin robe and excellent ensuite. Additional Bedrooms Both bedrooms are equipped with builtin robes, providing ample storage space. Large Kitchen Outfitted with stainless steel appliances, gas cooking, a dishwasher, and generous cupboard and bench space. This kitchen is perfect for both casual meals and entertaining. Modern Bathrooms The main bathroom includes a separate bath and shower, designed with contemporary finishes. YearRound Comfort Enjoy the best in comfort with gas central heating and a split system airconditioner located in the openplan living and meals area. Outdoor Living An undercover entertainment area, perfect for alfresco dining A double bay garage with remote door offering secure parking. A lowmaintenance enclosed easy care backyard Prime Location Close to shops, schools, transport, and parklands, making everyday living a breeze. Situated on a 456m2 approx. block, providing ample space for comfort and privacy. This modern and spacious town residence offers a fantastic opportunity for low maintenance living or investment in a soughtafter location. Redan is a top performing and desired suburb."
Below are some similar properties in the area you may be interested in.
1.5%
55.6%
$480K
4.1%
-$5,000
-$10,759
4.0%
2.6%
-13.3%
6.0%
Asking Price
$490,000
Estimated Purchase Price
$455,000
Stamp Duty
$22,370
Transfer Fee
$1,170
Conveyancing
$1,196
Deposit (10%)
$45,500
Reg. Mortgage
$129
LMI Premium
$10,058
Renovation Costs
-
Total Cash/Equity Required
$80,973
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$1,877
$2,449
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
$11,657
$17,201
Interest Repayments
$27,027
$27,027
Net Cashflow Before Tax
-$15,370
-$9,826
Depreciation
-
-
Tax Offset
-$4,611
-$2,948
Net Cashflow After Tax
-$10,759
-$6,879
Assumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$409,500
$409,500
$71,100
$459,310
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Health Care and Social Assistance - 19.0%
Retail Trade - 12.0%
Education and Training - 11.0%
Manufacturing - 9.0%
Others - 49.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price