$729K
$132,556
"Discover your dream home with this perfectly presented fourbedroom property, situated in a quiet street within walking distance to Eagle Point Primary School, scenic walking tracks, the popular foreshore hub caf and playground, and the stunning Eagle Point Bay and silt jetties. This modern residence built by McNamara builders boasts a spacious and lightfilled, openplan kitchen, living, and dining area equipped with gas cooking, a walkin pantry, and a large island bench. The living area also features an AC split system for yearround comfort while three of the four generously sized bedrooms include builtin robes, complemented by a central family bathroom and a separate toilet. The master bedroom provides its own AC split system, ceiling fan, walkin robe, and ensuite for added convenience. Internal extras include double blinds throughout, a camera system, fans in each bedroom, extra power points and plenty of storage options. Step outside to the North facing undercover entertaining area, perfect for gatherings, overlooking a lowmaintenance yard with secure, side gate access and a rock garden ideal for your fire pit. Enjoy the extra space of over 1000m2 approx complete with retaining walls, minimal gardens and ample room for caravan, boat or extra car storage. External features include 9x13m, threebay shed fitted with toilet, hot water and powder room, a garden shed, and a doublecar garage, ensure ample storage for all your needs. Dont miss the opportunity to make this beautiful home your own View the Due Diligence Checklist consumer.vic.gov.auduediligencechecklist"
Below are some similar properties in the area you may be interested in.
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95%
$710K
3.2%
$85,000
-$15,456
3.8%
2.8%
-11.7%
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Asking Price
$729,000
Estimated Purchase Price
$710,000
Stamp Duty
$37,670
Transfer Fee
$1,767
Conveyancing
$1,196
Deposit (10%)
$71,000
Reg. Mortgage
$129
LMI Premium
$20,245
Renovation Costs
-
Total Cash/Equity Required
$132,556
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
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
$20,094
$29,176
Interest Repayments
$42,174
$42,174
Net Cashflow Before Tax
-$22,080
-$12,998
Depreciation
-
-
Tax Offset
-$6,624
-$3,899
Net Cashflow After Tax
-$15,456
-$9,098
Assumptions
Year 1
Year 10
Property Value
6.8%
$849,060
$1,534,898
Loan Balance
I.O
$639,000
$639,000
$210,060
$895,898
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