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$900K
$151,642
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Try Picki for FREEConfidence
High
High
$980,000
Medium
$950,000
Low
$920,000
Confidence
Medium
Discover the impressive residence located in the sought-after Esplanade Estate. This low-maintenance home features a spacious layout ideal for families. On the first floor, you'll find four generously sized bedrooms all with built-in robes, and the master bedroom with a full ensuite. The bright front lounge fills the home with natural light. The open plan dining and living area connects seamlessly to an alfresco space. The kitchen boasts stone bench tops, a dishwasher, and a butler's pantry. Additional features include a double car garage, ducted heating, an upstairs retreat, and split system air conditioning. Situated within walking distance to Caroline Springs Lake, shopping at Caroline Springs Square, schools, and public transport, this property is leased until September 2025, providing a rental income of $2,433 per month.
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2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 14.0%
Construction - 11.0%
Health Care and Social Assistance - 10.0%
Others - 51.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
0%
68.6%
$707K
4.2%
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Try Picki for FREE$70,000
-$21,170
3.3%
Asking Price
$950,000
Estimated Purchase Price
$880,000
Stamp Duty
$47,870
Transfer Fee
$2,165
Conveyancing
$1,196
Deposit (10%)
$88,000
Reg. Mortgage
$129
LMI Premium
$25,092
Renovation Costs
-
Total Cash/Equity Required
$165,001
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$29,120
$41,447
Property Management
+7.7% PA
$2,242
$3,191
Rates
+3.0% PA
$1,584
$2,067
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
$22,029
$31,929
Interest Repayments
$52,272
$52,272
Net Cashflow Before Tax
-$30,243
-$20,343
Depreciation
-
-
Tax Offset
-$9,073
-$6,103
Net Cashflow After Tax
-$21,170
-$14,240
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,014,600
$1,834,155
Loan Balance
I.O
$792,000
$792,000
$222,600
$1,042,155
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