$850K
$158,322
"If youre searching for a luxurious retreat that offers both peace and quiet, look no further. This stunning home invites you in with a spacious lounge featuring a cozy gas log fire, setting the tone for warmth and comfort. The lounge flows effortlessly into a beautifully designed openplan kitchen, meals, and living area, perfect for family gatherings and entertaining guests. Rich in period charm, the home boasts elegant details such as ornate cornices, ceiling roses, and intricate fretwork, blending classic style with modern living. The four generously sized bedrooms each come with walkin robes WIRs, providing ample storage space, while the master bedroom is a private sanctuary complete with its own ensuite and a massive walk in robe. For yearround comfort, the home is equipped with central heating and a split system, ensuring the perfect temperature in every season. Outside, the property truly shines with a meticulously manicured garden that offers a serene escape. The outdoor area is ideal for entertaining, featuring an undercover alfresco space and a deck both with roll down weather blinds that overlooks the expansive, perfectly maintained yard. A second deck at the rear of the building offers magnificent views of the surrounding area. Additional features include a double car garage and a large shed with internal bathroom and enough space to fit two cars or a work trailer, plus a very convenient specific caravan parking area. New additions to the property are updated internal blinds, new carpet in the sitting room newly installed induction cooktop and a huge solar set up keeping the running cost to a minimum. The property is set on a large 1324m2 block approx with peaceful walking tracks nearby, offering a perfect blend of nature and convenience. Located just minutes from quality schools, Vic University, Midvale shopping centre, and Buninyong Town Center, this home provides the ultimate combination of luxury, tranquility, and accessibility."
-
81%
$630K
3.9%
$5,000
-$22,127
3.2%
2.4%
-13.3%
6.0%
Asking Price
$895,000
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
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,256
$30,863
Interest Repayments
$52,866
$52,866
Net Cashflow Before Tax
-$31,610
-$22,003
Depreciation
-
-
Tax Offset
-$9,483
-$6,601
Net Cashflow After Tax
-$22,127
-$15,402
Assumptions
Year 1
Year 10
Property Value
6.8%
$955,860
$1,727,967
Loan Balance
I.O
$801,000
$801,000
$154,860
$926,967
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price