$380K
$67,139
"Nestled on a flat 500m2 corner block, this brandnew property offers energyefficient features, contemporary fixtures and is well positioned within close proximity to all of Mortlakes conveniences. Comprising three bedrooms, each equipped with builtin robes, a sleek modern bathroom featuring a freestanding bath and a separate toilet, the property is also equipped with 5kw solar panels, making it energyefficient and environmentally conscious. Sustainable living is further embraced with doubleglazed windows throughout, underfloor and roof insulation while also boasting ceiling fans and a split system airconditioner. The open plan kitchen features electric cooking facilities and ample storage, while the separate laundry adds to the practicality of the home. Enjoy the convenience of town water along with the added ecofriendly feature of a rainwater tank for outdoor use. The property also includes a single carport. Facing north, the property is conveniently located within minutes of Mortlakes amenities, including schools, dining options, a pharmacy and sporting facilities. With Warrnambool just 35 minutes away and Terang a short 20minute drive, this is an opportunity to embrace a modern, sustainable lifestyle within reach of essential conveniences. Dont miss the chance to make this house your home. Contact us today for your inspection Disclaimer For Statement Of Information Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm."
Below are some similar properties in the area you may be interested in.
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74.5%
-
-
-$30,000
-$7,187
4.9%
3.4%
-10.2%
6.0%
Asking Price
$399,990
Estimated Purchase Price
$400,000
Stamp Duty
$19,070
Transfer Fee
$1,042
Conveyancing
$1,196
Deposit (10%)
$40,000
Reg. Mortgage
$129
LMI Premium
$8,842
Renovation Costs
-
Total Cash/Equity Required
$70,829
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,480
$1,931
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
$13,493
$19,768
Interest Repayments
$23,760
$23,760
Net Cashflow Before Tax
-$10,267
-$3,992
Depreciation
-
-
Tax Offset
-$3,080
-$1,198
Net Cashflow After Tax
-$7,187
-$2,794
Assumptions
Year 1
Year 10
Property Value
6.8%
$395,160
$714,355
Loan Balance
I.O
$360,000
$360,000
$35,160
$354,355
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
Agriculture, Forestry and Fishing - 35.0%
Manufacturing - 16.0%
Accommodation and Food Services - 6.0%
Health Care and Social Assistance - 6.0%
Others - 37.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price