$580K
$114,425
"This Bank Street beauty in the heart of the Avenel township in a surprising package Nestled off the main road, you have a very spacious 1622m2 approx. block of land with beautiful established trees and gardens with the Avenel Golf Course to the rear providing further opportunity for picturesque views. The 3bedroom brickveneer residence comprises of Master Bedroom with WIR 2way ensuitebathroom Large Living Room 2nd Living Open plan Kitchen, Dining Family area 2way Central Bathroom with Bath Shower Back decked entertaining area boasting privacy and a rural escape New 12 x 8m shedding with concrete floor Centrally located with spacious surrounds, leaving plenty of opportunity for further improvements"
Below are some similar properties in the area you may be interested in.
-
78.9%
$605K
3.9%
-$90,000
-$19,021
2.7%
1.6%
-16.4%
6.0%
Asking Price
$599,000
Estimated Purchase Price
$625,000
Stamp Duty
$32,570
Transfer Fee
$1,568
Conveyancing
$1,196
Deposit (10%)
$62,500
Reg. Mortgage
$129
LMI Premium
$17,821
Renovation Costs
-
Total Cash/Equity Required
$116,334
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+7.7% PA
$1,281
$1,824
Rates
+3.0% PA
$2,142
$2,795
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
$9,952
$14,805
Interest Repayments
$37,125
$37,125
Net Cashflow Before Tax
-$27,173
-$22,320
Depreciation
-
-
Tax Offset
-$8,152
-$6,696
Net Cashflow After Tax
-$19,021
-$15,624
Assumptions
Year 1
Year 10
Property Value
6.8%
$571,380
$1,032,919
Loan Balance
I.O
$562,500
$562,500
$8,880
$470,419
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 25.0%
Manufacturing - 9.0%
Health Care and Social Assistance - 9.0%
Accommodation and Food Services - 8.0%
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