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$390K
$54,842
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High
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Medium
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Low
-
Confidence
Welcome to your dream retreat in the charming town of Bowraville! This cosy cottage sits on a spacious corner block, offering privacy and a tranquil lifestyle. With two bedrooms that have built-in storage, a compact kitchen equipped with gas cooking, and a delightful mobile island bench, this home provides everything you need. The slow-combustion wood heater and beautiful hardwood flooring add warmth and classic charm throughout. Enjoy the sprawling covered deck and wraparound verandah, surrounded by lush gardens. With a separate garage, and close proximity to the golf course, shops, and river, this property is perfect for everyone from retirees to first-home buyers. Don't forget the potential for dual occupancy development, subject to council approval!
Trusted by over 13k property buyers and counting...
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74.3%
$475K
5.7%
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Try Picki for FREE$30,000
-$4,370
5.9%
Asking Price
$400,000
Estimated Purchase Price
$370,000
Stamp Duty
$11,385
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$37,000
Reg. Mortgage
$164
LMI Premium
$7,387
Renovation Costs
-
Total Cash/Equity Required
$58,131
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,046
$1,365
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$15,735
$22,921
Interest Repayments
$21,978
$21,978
Net Cashflow Before Tax
-$6,243
$943
Depreciation
-
-
Tax Offset
-$1,873
$283
Net Cashflow After Tax
-$4,370
$660
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$333,000
$333,000
$94,200
$439,276
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Construction - 13.0%
Retail Trade - 11.0%
Accommodation and Food Services - 10.0%
Others - 49.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
