PROPERTY 3 - Sit & Forget
1/39 Hampshire Road, Sunshine
The Numbers
3 - Bedroom
2 - Bathroom
2 - Car space
Auction
$470,000 +
Target Purchase Price
$500,000
Estimated Rental Return
$420/wk (potential)
Rental Yield (based on target price)
4.36%
Outgoings
Water - TBC
Council - TBC
Strata - N/A
Renovation Allowance
Not required
Other Fee's
Professional: Approx. $1,500 + gst
Stamp Duty: $24,680
Milk Chocolate Fee's
• 0.9% on final sale price + gst
• 10% on total renovation costs for Project Management (if any) + GST
The Recommendations
Inspections
Building & Pest - Approx. $450 (one off)
Strata - N/A
www.easypathinspections.com.au
Insurance
Full landlord insurance inc. damage, loss of rent, theft, legal and contents
- Approx. $300 p.a
canstar.com.au/landlord-insurance
Quantity Surveyor
Tax depreciation report -
Approx. $400 (one off)
Leasing Agent
The Details
About the property
A striking statement in contemporary style, this brand new low maintenance Villa provides generous proportions, quality appointments and sensational indoor-outdoor appeal. This quality 3-bedroom residence, featuring main bedroom with ensuite and walk in robe, open plan family living, a second main bathroom and sensational decked courtyard ideal for entertaining. Stylish Caesar Stone equipped kitchen, separate laundry, split system heating/cooling and surrounded by impressive landscaped gardens. Conveniently located to shopping, transport, schooling and all major amenities.
What we also found out
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Walking distance to train station 800m
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Sunshine Primary School 250m walk
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Brand new build
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Part of dual lot - unit attached to the back of the property
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For a 3 bedroom residence, it is a small living space with no yard, only a deck
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Limited storage
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Street traffic noise was generally louder than what you'd prefer
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Rental appraisal $420 week.
About the suburb
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20 minutes by car to the airport
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Big houses on large blocks of land, wide tree lined streets
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30 minutes by car to Melbourne CBD (20 minutes by train)
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Close connection to the M1 motorway
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High buyer demand in Sunshine with Auctions seeing approx. 80-90 people in attendance
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Developers and renovators targetting Sunshine.