$880K
$165,001
"Charismatic and wellpositioned, this charming home is the epitome of Hepburn Springs living, beaming with refined character and gorgeous art deco features. Built prewar, its classic features remain intact and true, with recent modern enhancements complementing a fussfree contemporary lifestyle with easycare surroundings. Ideal as a family home, holiday let or dream weekender within walking distance of chic cafes, boutique shops and the idyllic Hepburn Springs Bathhouse and Reserve, what you thought could only be seen on a postcard could soon be the very place you call home. Presenting a functional, nearsymmetrical layout which has been recently renovated and updated, four spacious bedrooms embrace a central living, dining, and kitchen zone, where fireplaces, picture rails and sash windows delicately intertwine with an updated kitchen flaunting a gas cooker and dishwasher. Alfresco dining and casual entertaining is catered for with ease on the adjoining northfacing Merbau deck, thoughtfully designed with a builtin BBQ and prep area for easy entertaining. Comforted with splitsystem air conditioning and a rainwater tank for its easycare gardens, with the very best of Hepburn Springs on your doorstep and the undeniable appeal of Daylesfords magical township a short drive away. We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
Below are some similar properties in the area you may be interested in.
-
67.5%
$825K
3.2%
-$150,000
-$23,606
2.8%
2.0%
-14.8%
6.0%
Asking Price
$850,000
Estimated Purchase Price
$850,000
Stamp Duty
$46,070
Transfer Fee
$2,095
Conveyancing
$1,196
Deposit (10%)
$85,000
Reg. Mortgage
$129
LMI Premium
$24,237
Renovation Costs
-
Total Cash/Equity Required
$159,276
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
$1,566
$2,043
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
$16,767
$24,438
Interest Repayments
$50,490
$50,490
Net Cashflow Before Tax
-$33,723
-$26,052
Depreciation
-
-
Tax Offset
-$10,117
-$7,816
Net Cashflow After Tax
-$23,606
-$18,237
Assumptions
Year 1
Year 10
Property Value
6.8%
$747,600
$1,351,483
Loan Balance
I.O
$765,000
$765,000
-$17,400
$586,483
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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.
2021 Population
Suburbs
Accommodation and Food Services - 16.0%
Health Care and Social Assistance - 15.0%
Retail Trade - 11.0%
Agriculture, Forestry and Fishing - 10.0%
Others - 48.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply