$699K
$146,870
"Situated in the popular and evergrowing township of Poowong on a spacious 821m2 block and just two years young, this magnificent Hamptons style residence has been carefully designed, quality constructed by highly regarded builders Smart Homes and presents as new both inside and out. If youve been considering building your forever home, this is as good as new and ready to move straight in. From the moment you arrive, we assure you that it will be love at first sight. From the decorative fretwork to the dormer window, the faade is timeless, elegant and framed by beautiful white roses. The style continues inside with a leadlight front door, dado railing and VJ panelling throughout and decorative skirting boards and cornicing. At the front of the home, the formal lounge is centred around an electric fireplace with ornate mantlepiece and is an ideal space to unwind. At the rear, the spacious main living area is flooded with natural light and showcases a breathtaking kitchen with absolutely no expense spared. High end Smeg appliances, 40mm stone benchtops, soft close cabinetry and a breakfast bar will impress the chef of the home. The main living area flows seamlessly out to the rear deck through double French doo, enjoying fantastic views of the surrounding farmland with cows regularly visiting next door The backyard is spacious, securely fenced and fully landscaped with established gardens and plenty of lush, green lawn for children and pets to enjoy. The home showcases 3 large bedrooms, including the luxurious master suite with his and hers built in robes and a full ensuite with walkin shower and stone top vanity. The main bathroom has never been used and is beautiful, light and bright. This home must be seen to truly appreciate what is on offer an impressive list of extras and upgrades include a double remote garage with internal access, exposed ag driveway, multiple split systems, quality imported light fittings, plantation shutters and solar hot water. If youve been looking to downsize and wanting a quality, low maintenance home in a quiet country town, all whilst just 50 minutes to Pakenham and 90 minutes to Melbourne, this will absolutely tick all of your boxes. Give us a call today to organise your private inspection and check it out for yourself. Looking to buy, sell or rent in South Gippsland Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 84349 Little Commercial Street, Korumburra. Note Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters."
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81.8%
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-$440,000
-$23,121
2.4%
1.5%
-16.5%
6.0%
Asking Price
$699,000
Estimated Purchase Price
$750,000
Stamp Duty
$40,070
Transfer Fee
$1,861
Conveyancing
$1,196
Deposit (10%)
$75,000
Reg. Mortgage
$129
LMI Premium
$21,385
Renovation Costs
-
Total Cash/Equity Required
$140,190
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+7.7% PA
$1,401
$1,995
Rates
+3.0% PA
$2,014
$2,628
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
$11,520
$17,022
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$33,030
-$27,528
Depreciation
-
-
Tax Offset
-$9,909
-$8,258
Net Cashflow After Tax
-$23,121
-$19,270
Assumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$675,000
$675,000
-$343,920
-$76,486
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 20.0%
Health Care and Social Assistance - 11.0%
Retail Trade - 9.0%
Manufacturing - 8.0%
Others - 52.0%
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