$599K
$108,700
"Welcome to 26 Cardinal Drive, Eagle Point, where contemporary living meets convenience in this modern 4bedroom, 2bathroom brick veneer home. This residence perfectly blends functionality and style, reflecting a commitment to modern design. Upon entering, youre greeted by an inviting openplan living space, ideal for relaxation and entertainment. The thoughtful layout includes a second living area and an activity room, offering versatile spaces to suit your lifestyle needs. The main bedroom serves as a private retreat, featuring a spacious walkin robe and ensuite. The three additional bedrooms are generously equipped with builtin robes, providing ample storage for all. Step outside to a beautiful undercover alfresco area overlooking the expansive backyardperfect for hosting gatherings or enjoying quiet moments in the fresh air. Practical side access and plenty of space for landscaping or building a shed add to the appeal. A standout feature of this home is the rare triple garagea valuable addition for car enthusiasts or those needing extra storage. This unique feature enhances the propertys appeal, particularly for a new build in the area. Ideally located close to the lake, this residence offers a serene backdrop for outdoor activities. With just an 8 minute drive to Paynesville and 15 minutes to Bairnsdale, youll enjoy the perfect balance of tranquillity and accessibility. If youve been considering building your dream home but want to skip the lengthy process, this property presents a fantastic opportunity. Dont miss the chance to make 26 Cardinal Drive your homewhere modern comfort meets the charm of Eagle Point living."
Below are some similar properties in the area you may be interested in.
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95%
$710K
3.2%
$210,000
-$9,251
4.9%
3.7%
-8.5%
6.0%
Asking Price
$599,000
Estimated Purchase Price
$585,000
Stamp Duty
$30,170
Transfer Fee
$1,475
Conveyancing
$1,196
Deposit (10%)
$58,500
Reg. Mortgage
$129
LMI Premium
$16,681
Renovation Costs
-
Total Cash/Equity Required
$108,700
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,534
$31,226
Interest Repayments
$34,749
$34,749
Net Cashflow Before Tax
-$13,215
-$3,523
Depreciation
-
-
Tax Offset
-$3,965
-$1,057
Net Cashflow After Tax
-$9,251
-$2,466
Assumptions
Year 1
Year 10
Property Value
6.8%
$849,060
$1,534,898
Loan Balance
I.O
$526,500
$526,500
$322,560
$1,008,398
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