$625K
$128,739
"Discover the lifestyle youve always dreamed of at Lake Tyers Beach This delightful 3bedroom, 2bathroom home sits on an expansive 1449sqm double block, offering ample space and privacy. The open living area flows seamlessly, creating a welcoming atmosphere, which is perfect for those looking to downsize. Step outside to your own oasis, complete with established gardens that provide a lush, green backdrop and a sense of seclusion. Enjoy the rural outlook from your verandah, or take a short walk to the beautiful beach, General Caf, and Waterwheel Tavern for a taste of local flavour. Practical features include underhouse storage, ensuring you have plenty of space for all your needs. Whether youre looking for a permanent residence or a holiday escape, this property offers the perfect blend of comfort and convenience. Dont miss this opportunity to own a piece of paradise in Lake Tyers Beach Call King Heath today to arrange an inspection"
-
92.7%
-
-
-$50,000
-$17,153
3.3%
2.3%
-13.7%
6.0%
Asking Price
$625,000
Estimated Purchase Price
$670,000
Stamp Duty
$35,270
Transfer Fee
$1,674
Conveyancing
$1,196
Deposit (10%)
$67,000
Reg. Mortgage
$129
LMI Premium
$19,104
Renovation Costs
-
Total Cash/Equity Required
$124,922
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,599
$2,086
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
$15,294
$22,345
Interest Repayments
$39,798
$39,798
Net Cashflow Before Tax
-$24,504
-$17,453
Depreciation
-
-
Tax Offset
-$7,351
-$5,236
Net Cashflow After Tax
-$17,153
-$12,217
Assumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$603,000
$603,000
$59,160
$594,028
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Accommodation and Food Services - 9.0%
Agriculture, Forestry and Fishing - 9.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price