$699K
$132,367
"Simar, Your Local Morley Property Matchmaker, is thrilled to present another exciting opportunity to the market. Discover your new home in this beautifully presented 3bedroom residence designed for comfortable living and entertaining. Built in 1993 and situated on an impressive 689sqm development block zoned R17.525, this property offers fantastic potential to retain and build at the back Key Features Sustainable Living Equipped with 6.6 kW solar panels to help you save on energy costs while being kind to the environment. Gourmet Gas Cooking The wellappointed kitchen features gas cooktop, ample storage, and a generous pantryperfect for family meals and entertaining guests. Spacious OpenPlan Living Enjoy a bright and airy openplan design with large windows that flood the space with natural light, creating an inviting atmosphere. A separate living area at the entrance adds versatility to your living options. Generously Sized Bedrooms Relax in the master bedroom complete with a builtin robe, plus two additional bedrooms for family or guests. Stylish Bathroom A spacious bathroom featuring a bath, shower, and separate toilet ensures convenience for the whole family. YearRound Comfort Stay comfortable with split reverse cycle air conditioning units in the living area and two bedrooms. Outdoor Oasis The expansive backyard is perfect for entertaining, kids play or creating your dream garden retreat. Plus, enjoy bore reticulated lawns in both the front and back Secure Parking A lockup single garage offers secure parking with space for two cars, providing peace of mind. Prime Location Shopping Centres Just walking distance to Beechboro Central, Kiara, and Altone Park Shopping Centres for all your retail needs. Educational Institutions Close to West Beechboro Primary, Lockridge Senior High, and Hampton Park Primaryensuring topquality education options for your children. Recreational Areas Enjoy Wattle Park which is a stones throw away and Seine Park for outdoor activities and leisurely strolls. Transport Links Convenient access to the upcoming Noranda train station, approximately just 1km away, plus nearby bus stops connecting you seamlessly to the city and beyond. This home at 34 Wattle Drive combines the beauty of nature with the convenience of urban living, making it the perfect place to call home. Dont miss your chance to secure this gemschedule a viewing today and envision your future here Call Simar on 0433767296 or Email Simarpropertymm.com.au to schedule a viewing. PLEASE NOTE ALL DEVELOPMENT IS SUBJECT TO COUNCIL ANDOR WAPC APPROVAL. Disclaimer The particulars, photographs Video shown on this website are supplied for information only and shall not be taken as a representation in any respect on the vendor or the agent. The information, opinions, and publications available on this website are broad guides for general information only. They are solely intended to provide a general understanding of the subject matter and to help you assess whether you need more detailed information. The material on this website is not and should not be regarded as legal, financial, or real estate advice. Users should seek their own legal, financial, or real estate advice where appropriate. Every effort is made to ensure that the material is accurate and up to date. However, we do not guarantee or warrant the accuracy, completeness, or currency of the information provided. You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial, or real estate decisions."
Below are some similar properties in the area you may be interested in.
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78.4%
$628K
5.4%
-$20,000
-$18,750
3.3%
2.4%
-14.6%
6.0%
Asking Price
$699,000
Estimated Purchase Price
$750,000
Stamp Duty
$29,741
Transfer Fee
$353
Conveyancing
$1,535
Deposit (10%)
$75,000
Reg. Mortgage
$203
LMI Premium
$21,385
Renovation Costs
-
Total Cash/Equity Required
$128,767
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+8.2% PA
$2,047
$2,913
Rates
+3.0% PA
$1,444
$1,884
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$17,764
$25,894
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$26,786
-$18,656
Depreciation
-
-
Tax Offset
-$8,036
-$5,597
Net Cashflow After Tax
-$18,750
-$13,059
Assumptions
Year 1
Year 10
Property Value
6.8%
$779,640
$1,409,404
Loan Balance
I.O
$675,000
$675,000
$104,640
$734,404
Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Retail Trade - 17.0%
Health Care and Social Assistance - 14.0%
Construction - 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