$700K
$114,425
"Seamless Living in the Macedon Ranges Nestled in the charming Baringo Village against the backdrop of Mount Macedon, this home offers a slice of the laidback Macedon Ranges lifestyle youve been craving. Featuring three bedrooms, the master comes complete with a walkin robe and ensuite, while the other two bedrooms offer builtin robes for convenience. The kitchen is a stylish hub with stone benchtops, a 900mm oven, modern appliances, ample storage, and a walkin pantry. The spacious living and family area seamlessly flows out to the alfresco and outdoor entertaining space, perfect for yearround enjoyment with minimal upkeep. Located just a stones throw away from the acclaimed Baringo Food and Wine Co, as well as the train station for easy access to Melbourne CBD, schools, and recreational facilities, convenience is key. Additional perks include a double remote garage, ducted heating, split system heating and cooling, a central bathroom, separate toilet, and much more. This is your chance to embrace a relaxed yet refined lifestyle in the heart of the Macedon Ranges dont let it slip away. Contact our invested team today ID required upon inspection."
Below are some similar properties in the area you may be interested in.
-
80%
$1.1M
3.1%
$140,000
-$15,484
3.6%
2.5%
-12.8%
6.0%
Asking Price
$700,000
Estimated Purchase Price
$650,000
Stamp Duty
$34,070
Transfer Fee
$1,627
Conveyancing
$1,196
Deposit (10%)
$65,000
Reg. Mortgage
$129
LMI Premium
$18,534
Renovation Costs
-
Total Cash/Equity Required
$121,105
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
$1,843
$2,405
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
$16,490
$24,076
Interest Repayments
$38,610
$38,610
Net Cashflow Before Tax
-$22,120
-$14,534
Depreciation
-
-
Tax Offset
-$6,636
-$4,360
Net Cashflow After Tax
-$15,484
-$10,174
Assumptions
Year 1
Year 10
Property Value
6.8%
$843,720
$1,525,245
Loan Balance
I.O
$585,000
$585,000
$258,720
$940,245
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 - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
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