$749K
$136,373
"Nestled amidst the picturesque beauty of Eagle Point, this brandnew home offers an invitation to embrace a serene lifestyle. Here, youll bask in the tranquility of the surrounding Gippsland Lakes and Mitchell River while becoming part of a warm, tightknit community where neighbors naturally become friends. Everything you need, from schools to shops and leisure activities is within easy reach. Your new home serves as a gateway to a tranquil, outdoorcentric lifestyle in one of Victorias most enchanting communities. Property Features Four bedrooms, including a master suite with walkin robes and an ensuite. Two thoughtfully designed bathrooms. Convenient double garage with a remotecontrolled door. Enjoy yearround comfort with two reversecycle air conditioners. A modern kitchen featuring stone bench tops and 900mm cooking appliances. Savor outdoor living on the welcoming concrete patio. The property is seamlessly connected to town water and sewer services. For further details about this property, please contact Bret Ward at 0427565644."
Below are some similar properties in the area you may be interested in.
-
95%
$710K
3.2%
$20,000
-$18,639
3.2%
2.3%
-13.7%
6.0%
Asking Price
$749,000
Estimated Purchase Price
$730,000
Stamp Duty
$38,870
Transfer Fee
$1,814
Conveyancing
$1,196
Deposit (10%)
$73,000
Reg. Mortgage
$129
LMI Premium
$20,815
Renovation Costs
-
Total Cash/Equity Required
$136,373
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
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
$16,734
$24,395
Interest Repayments
$43,362
$43,362
Net Cashflow Before Tax
-$26,628
-$18,967
Depreciation
-
-
Tax Offset
-$7,988
-$5,690
Net Cashflow After Tax
-$18,639
-$13,277
Assumptions
Year 1
Year 10
Property Value
6.8%
$801,000
$1,448,017
Loan Balance
I.O
$657,000
$657,000
$144,000
$791,017
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