$829K
$155,459
"Korumburra is fast becoming one of the latest newly discovered regional towns and is attracting residents from far and wide who are looking to move to this picturesque area of South Gippsland. Those who are searching for a modern, lightfilled home with views of rolling green hills with all the hard work already completed will appreciate this turnkey opportunity, nestled in a quiet court location. This vibrant custom build is yet to have its first birthday and the most discerning buyer will appreciate the quality build, high level extras, significant landscaping investment and modern design that is aesthetically pleasing from curbside and beyond. Designed with some delightful features such as the open plan kitchen, dining and living area with high ceilings, square set cornices, RC air con, large double glazed, 8ft awning windows and doors, plus a commanding 8ft entry door with security screen for warmer weather air flow. Each of these features give the home the feeling of a generosity of space and the ability to furnish it with some statement pieces of furniture or art. There is direct access to the kitchen from the oversized double garage, complete with European laundry and rear roller door access to the backyard. The kitchen features stone bench tops, high end appliances and ample storage. Practical vinyl flooring is throughout the home for easy care and for those who require a low allergen environment. The home has a naturally lit study with BI desk and offers three sizeable bedrooms with BIRs. The ensuite and master bathroom both boast oversized, nostep showers, stone bench tops and stylish furnishings. The second bedroom, with RC air con, is currently furnished as a parents retreat. Lots of visible and invisible work has gone into the landscaping and the yard is practically terraced and has good access and an abundance of beautiful plants that are establishing well. If youre looking for a new home without the hassle or cost of building, genuine inspections of this impressive property are invited strictly by appointment only. Some handy links that showcase our area httpsyoutu.beLb0teVnhhlIfeatureshared httpswww.gsrt.com.au"
Below are some similar properties in the area you may be interested in.
1.5%
87.1%
$653K
3.7%
-$250,000
-$23,088
2.8%
2.0%
-14.8%
6.0%
Asking Price
$829,000
Estimated Purchase Price
$830,000
Stamp Duty
$44,870
Transfer Fee
$2,048
Conveyancing
$1,196
Deposit (10%)
$83,000
Reg. Mortgage
$129
LMI Premium
$23,666
Renovation Costs
-
Total Cash/Equity Required
$155,459
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
$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
$16,319
$23,853
Interest Repayments
$49,302
$49,302
Net Cashflow Before Tax
-$32,983
-$25,449
Depreciation
-
-
Tax Offset
-$9,895
-$7,635
Net Cashflow After Tax
-$23,088
-$17,814
Assumptions
Year 1
Year 10
Property Value
6.8%
$619,440
$1,119,800
Loan Balance
I.O
$747,000
$747,000
-$127,560
$372,800
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
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 Days of Supply
Sold Price
Asking Price