159 Athletic Cct
Property Rating: 100
367 days on Market

159 Athletic Cct,
Clyde, Vic

house
First listed on 31/12/2023
Property Overview
Bedrooms4
Bathrooms2
Car Spaces2
Current Asking Price

$368K

Cash Required (10% Deposit)

$54,466

Agent

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Market Appraisal

Confidence

High

High

$780,000

Medium

$710,000

Low

$640,000

Appraised Rent

Confidence

Medium

$580/week

Original Listing

Street Statistics

Public Housing (%)

0%

Owner Occupiers (%)

65.6%

Median Street Sold Price

$701K

Median Street Rental Yield

4.5%

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Property Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Good

Suburb

Proj. Growth

Very Good

Overall

Investment

Very Good

Under Market Value

$345,000

Net Cashflow PA

+

Gross Yield

9.0%

Purchase Costs

Asking Price

$364,000

Estimated Purchase Price

$335,000

Stamp Duty

$15,170

Transfer Fee

$890

Conveyancing

$1,196

Deposit (10%)

$33,500

Reg. Mortgage

$129

LMI Premium

$7,406

Renovation Costs

-

Total Cash/Equity Required

$58,840

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

$30,160

$42,927

Expenses

Property Management

+7.7% PA

$2,322

$3,305

Rates

+3.0% PA

$1,567

$2,045

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

$23,006

$33,317

Interest Repayments

$19,899

$19,899

Net Cashflow Before Tax

$3,107

$13,418

Depreciation

-

-

Tax Offset

$932

$4,025

Net Cashflow After Tax

$2,175

$9,393

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$726,240

$1,312,869

Liabilities

Loan Balance

I.O

$301,500

$301,500

Net Equity

$424,740

$1,011,369

Property Inspection Report

Property Overview

159 Athletic Cct is a well-designed property offering four bedrooms and two bathrooms. The master suite features a walk-in robe and private ensuite, while three other bedrooms include built-in robes and share a family bathroom. The spacious living area benefits from natural light, and the modern kitchen includes a separate pantry. Enjoy the convenience of a study nook, ducted heating, and split system cooling. Landscaped gardens with an undercover area add to the allure. Located near Casey Fields, Shopping on Clyde, and educational institutions, this home is a prime choice for downsizers, first-home buyers, or investors.

Inspection Checklist

  • Verify the integrity of the ducted heating and split system cooling.
  • Inspect the condition of floating floorboards, blinds, and fly screens.
  • Check for any signs of wear in the kitchen and pantry.
  • Examine the low maintenance landscaped gardens.
  • Assess the natural light levels in the living area.
  • Review proximity and accessibility to local amenities like Casey Fields and Shopping on Clyde.
  • Determine the noise levels inside the home from surrounding areas.

Questions for Agent

  • Can you provide details on the age and recent maintenance of the heating and cooling systems?
  • How recent is the last renovation or upgrade of the kitchen and pantry?
  • Are there any known issues or upcoming developments in the neighborhood?
  • What are the parks and green spaces available near the property?
  • Is there a body corporate or homeowners association fee?
  • What schools are included in the local catchment area?
  • Can you describe the typical utility costs for this property?

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Location Opportunity

City of Casey statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

365,239

2021 Population

28

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Diverse

Retail Trade - 16.0%

Health Care and Social Assistance - 13.0%

Education and Training - 12.0%

Construction - 10.0%

Others - 49.0%

income growth
Average

Average Income

COMMUTE TIME

25mins

13kms

Good

Pr

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Spent Per Capita

$6K
1

Visy Industries

A new recycling facility to process 120000 tonnes of recyclables per year

ManufacturingUnder construction
$50M
2

Nestle Purina PetCare

An expansion of the existing factory to increase production capacity

ManufacturingConfirmed
$30M
3

Asahi Beverages

An upgrade of the existing brewery to improve efficiency and capacity

ManufacturingUnder consideration
$25M
4

South East Water

Upgrade to the Cardinia Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterUnder construction
$30M
5

Melbourne Water

Expansion of the Cranbourne Water Recycling Plant to increase recycled water production

Energy, Electricity, Gas & WaterConfirmed
$25M
6

AusNet Services

Upgrade to the Hampton Park gas pipeline to improve supply and reduce emissions

Energy, Electricity, Gas & WaterUnder consideration
$20M
7

Monash Health

The Casey Hospital Expansion project will deliver a new emergency department operating theatres and inpatient beds as well as an upgraded intensive care unit and a new mental health facility

Community & Other servicesUnder construction
$135M
8

City of Casey

The Casey Fields Regional Athletics Centre is a stateoftheart athletics facility that features a 400metre track throwing areas and a pavilion with amenities and spectator seating

Community & Other servicesComplete
$25M
9

City of Casey

The Cranbourne Community Centre will provide a range of community programs and services including meeting rooms a hall and outdoor spaces

Community & Other servicesConfirmed
$22M
10

City of Casey

The Hampton Park Library and Community Centre will provide a modern library and community centre with meeting rooms a hall and outdoor spaces

Community & Other servicesUnder consideration
$20M
11

Healthscope

The Berwick Healthcare Precinct project involves the construction of a new private hospital medical centre and specialist suites as well as the development of a healthcare precinct with retail and commercial spaces

HealthConfirmed
$120M
12

South East Melbourne Primary Health Network

The Casey Community Health Centre project involves the construction of a new community health centre providing primary health care services to the local community

HealthUnder consideration
$30M
13

Public Transport Victoria

The Cranbourne Rail Extension project involves the extension of the Cranbourne rail line to Clyde with the construction of a new rail line and two new stations

Transport & StorageUnder construction
$1M
14

Berwick Springs Estate Pty Ltd

The Berwick Springs Estate Logistics Hub project involves the development of a new logistics hub including warehouses offices and transportation infrastructure

Transport & StorageConfirmed
$50M
15

VicRoads

The Casey Highway Upgrade project involves the upgrade of the Casey Highway including the construction of new lanes interchanges and transportation infrastructure

Transport & StorageUnder consideration
$100M
16

Vicinity Centres

A 220 million redevelopment of the existing Casey Central shopping centre featuring a new retail precinct office space and community facilities

Mixed useUnder construction
$220M
17

Stockland

A 150 million mixeduse development featuring a new shopping centre office space and residential apartments

Mixed useConfirmed
$150M
18

Frasers Property Australia

A proposed 100 million mixeduse development featuring a new shopping centre office space and residential apartments

Mixed useUnder consideration
$100M
19

Lendlease

A proposed 80 million mixeduse development featuring a new shopping centre office space and residential apartments

Mixed useUnder consideration
$80M
20

City of Casey

A new sports precinct featuring a stadium aquatic centre and sports fields

Finance, Property & Business servicesUnder construction
$25M
21

City of Casey

A revitalisation of the Cranbourne town centre including new shops restaurants and community facilities

Finance, Property & Business servicesConfirmed
$30M
22

Stockland

A new residential estate featuring over 1000 homes and community facilities

Finance, Property & Business servicesUnder construction
$40M
23

City of Casey

A new hotel and conference centre development in Casey Fields expected to create 50 construction jobs and 20 ongoing jobs

AccommodationUnder construction
$25M
24

Private Developer

A new hotel and apartment development in Cranbourne West expected to create 70 construction jobs and 30 ongoing jobs

AccommodationConfirmed
$30M
25

Private Developer

A proposed hotel and resort development in Berwick Springs expected to create 100 construction jobs and 50 ongoing jobs

AccommodationUnder consideration
$40M
26

Vicinity Centres

The Cranbourne West Precinct Development project involves the construction of a new shopping center and residential apartments

TradeConfirmed
$150M
27

City of Casey

The Casey Fields Sports Precinct Development project involves the construction of new sports facilities and amenities

TradeUnder consideration
$30M
28

Stockland

The Berwick Springs Development project involves the construction of new residential apartments and retail spaces

TradeUnder consideration
$100M
29

NBN Co

The Casey Next Generation Broadband Network project involves the rollout of highspeed broadband infrastructure to over 10000 premises in the Casey area

CommunicationUnder construction
$50M
30

Telstra

The Telstra 5G Network Upgrade project involves the deployment of 5G technology to over 1000 sites across Victoria including in the Casey area

CommunicationConfirmed
$30M
31

Optus

The Optus 5G Network Rollout project involves the deployment of 5G technology to over 500 sites across Victoria including in the Casey area

CommunicationUnder consideration
$25M
32

Casey Berries Pty Ltd

Expansion of existing berry farm to increase production and create new jobs

Agriculture, Forestry & FishingUnder construction
$25M
33

Royal Botanic Gardens Victoria

Upgrade of existing botanic gardens to improve visitor facilities and increase conservation efforts

Agriculture, Forestry & FishingConfirmed
$30M
34

Baiada Poultry Pty Ltd

Proposed construction of a new poultry farm to increase production and create new jobs

Agriculture, Forestry & FishingUnder consideration
$40M
35

Victorian Government

The Casey Hospital Expansion project will deliver a new emergency department additional inpatient beds and upgraded operating theatres

GovernmentUnder construction
$200M
36

Private Developer

The Berwick Springs Estate project proposes a new residential development including housing parks and community facilities

GovernmentUnder consideration
$150M

Li

Local Services

Very Good

1

Casey Fields Bvd/Linsell Bvd

Bus Stop

407m
2

Cranbourne Railway Station

Train Station

3km
3

Woolworths

Supermarket

1km
4

Woolworths

Supermarket

1km
5

Bunnings

Shopping Centre

3km
6

Bunnings

Shopping Centre

3km
7

Melbourne-Moorabbin Airport

Airport

24km
8

Melbourne-Essendon Airport

Airport

55km
9

Cranbourne Integrated Care Centre

Hospital

3km
10

Casey Radiation Oncology Centre

Hospital

7km
11

Cranbourne East Secondary College

School

268m
12

Cranbourne East Primary School

School

453m
13

Wilandra Rise Primary School

School

1km
14

Monash University Peninsula Campus

University

16km
15

Holmesglen Waverley Campus

University

28km

Po

Population Growth

Average Population

POPULATION vs SUPPLY
Balanced

Projected Population Growth

9.1%

projected

for 2025 to 2027

Very High

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

4.8%

High
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Excellent

Average Rental Yield

VACANCY RATE
Very Good

Average Vacancy Rate

Days of Supply
Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Very Good

Average Population

Pricing

Sold Price

Asking Price

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