$690K
$144,962
"Get in quick and secure stylish, modern living in an established and convenient lifestyle location. These thoughtfully designed homes, set on their own Title, featuring well zoned living, contemporary interiors and quality finishes in a lowmaintenance setting. Situated in a quiet cul de sac, within walking distance of local parks, reserves and recreational facilities, less than 5 minutes from Bell Post Shopping Centre and Bell Park Plaza, moments from the Ring Road for easy access to Melbourne or the coast, enjoy easy living in family friendly surrounds. Comprising four bedrooms, the master features ensuite and walkin robes, three additional bedrooms are positioned in a separate zone, all include builtin robes and are serviced by a family bathroom and separate wc. The open plan living area is designed for modern functionality, the kitchen including a large walkin pantry, 900mm stainless steel oven, stainless steel dishwasher, stone benchtops and is well positioned to oversee the dining and out to the rear yard for easy entertaining indoors and out. The thoughtful design allows for seamless flow between spaces, enhanced by central heating and cooling for yearround comfort. A separate laundry and generous linen storage add to the excellent functionality of the layout. A private rear yard provides a great space to relax, play or entertain, and double garage with direct internal entry provides for secure and convenient access to the home. Nearby amenities include Fountain of Friendship Park, Leisuretime Sports precinct, Bell Park North, Rollins and Holy Family Primary Schools, North Geelong Secondary, Kardinia International College and Covenant College, and North Shore Station. An exceptional opportunity to secure a brand new home and a fantastic opportunity for investors to take advantage of new build depreciation or the perfect upsizer for families. 42B Shannahan Drive Rental appraisal approx 570 600 per week 44B Shannahan Drive Rental appraisal approx 550 580 per week 46 Shannahan Drive Rental appraisal approx 550 580 per week"
Below are some similar properties in the area you may be interested in.
-
-
-
-
-$60,000
-$19,075
3.0%
2.0%
-14.6%
6.0%
Asking Price
$690,000
Estimated Purchase Price
$700,000
Stamp Duty
$37,070
Transfer Fee
$1,744
Conveyancing
$1,196
Deposit (10%)
$70,000
Reg. Mortgage
$129
LMI Premium
$19,960
Renovation Costs
-
Total Cash/Equity Required
$130,648
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$20,800
$29,605
Property Management
+7.7% PA
$1,602
$2,280
Rates
+3.0% PA
$1,603
$2,092
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
$14,330
$20,974
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$27,250
-$20,606
Depreciation
-
-
Tax Offset
-$8,175
-$6,182
Net Cashflow After Tax
-$19,075
-$14,424
Assumptions
Year 1
Year 10
Property Value
6.8%
$683,520
$1,235,642
Loan Balance
I.O
$630,000
$630,000
$53,520
$605,642
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 - 17.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Accommodation and Food Services - 8.0%
Others - 50.0%
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