$650K
$118,242
"Situated only metres from Eagle Point Bay on the glorious Gippsland Lakes awaits the lifestyle youve been yearning for with the boat ramp just around the corner and an option to secure your own jetty berth to complete this special lifestyle package. The recently constructed steel frame home has been designed with energy efficiency top of mind with 22 solar panels significantly reducing your cost of living and all electric appliances throughout. The thoughtful design consists of 2 living areas, 3 bedrooms with an ensuite, stunning kitchen with walkin pantry and double garage with internal entry to the home. Outside is a gardeners paradise with potting sheds covered veggie gardens, numerous fruit trees and a beautiful covered entertaining area from which to relax and take in the serenity. View the Due Diligence Checklist consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
-
80.7%
$450K
5.8%
$75,000
-$16,544
3.6%
2.7%
-12.3%
6.0%
Asking Price
$730,000
Estimated Purchase Price
$720,000
Stamp Duty
$38,270
Transfer Fee
$1,791
Conveyancing
$1,196
Deposit (10%)
$72,000
Reg. Mortgage
$129
LMI Premium
$20,530
Renovation Costs
-
Total Cash/Equity Required
$134,465
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
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
$19,134
$27,810
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$23,634
-$14,958
Depreciation
-
-
Tax Offset
-$7,090
-$4,487
Net Cashflow After Tax
-$16,544
-$10,470
Assumptions
Year 1
Year 10
Property Value
6.8%
$849,060
$1,534,898
Loan Balance
I.O
$648,000
$648,000
$201,060
$886,898
Did you know you need to engage a conveyancer when buying a property?
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price