Withheld
$52,517
Confidence
High
High
$1,180,000
Medium
$1,070,000
Low
$960,000
Confidence
Medium
"Desirably located in the Nepean Heights precinct of Camden South, this house and granny flat is the perfect opportunity for either an extended family or savvy investor with tenants currently in lease paying 1,100 per week. Perched on the high side of the street on a sizeable 999.1m2 block, benefitted by gated side access to your sizeable workshop, this property is loaded with potential. This brick veneer home offers a versatile design with spacious living options included to both the main house, and the granny flat. A number of restorations have been completed at the property allowing for a fresh start, ranging from new kitchens and appliances, polished timber floorboards, updated tapwear to all bathrooms, and freshly painted throughout amongst other noteable refreshments. The main house currently incorporates three bedrooms including builtin wardrobes to all, separate living spaces including a sunken lounge room, plenty of natural lighting including skylights, a European style laundry, separate dining space plus a large covered alfresco for entertaining in the warmer months. The granny flat is positioned around a courtyard style setting offering an overall quaint space including a spacious combined lounge and dining room, with your kitchen catering to all of your cooking needs and a separate bedroom with a builtin wardrobe and ensuite. An additional toilet is included in the laundry. Overall, the backyard is generally low maintenance offering plenty of driveway space for cars, trailers, or boat storage, leading up to your spacious workshop space with triple roller door access, 3 phase power, and under car access built into the concrete slab. Truly ideal for car enthusiasts or tradies hobbyists needing storage. Additional features include Electric cooktops, ovens rangehoods Airconditioning Roller Blinds Solar panels Plus plenty more This property represents an enormous opportunity for those seeking a quality investment property in an area that has consistently yielded capital growth, or an extended family looking for combined accomodation with the added bonus of a large workshop. For all enquiries or to arrange your inspection, please contact either James White on 0406 066 018 or Merly LaMacchia on 0405 159 215. We have, in preparing this document, used our best endeavours to ensure that the information contained herein is true and accurate to the best of our knowledge. Prospective purchasers should make their own enquiries to verify the above information."
-
87.1%
$1.15M
3.6%
$15,000
-$26,963
3.0%
2.3%
-15.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,055,000
Stamp Duty
$42,210
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$105,500
Reg. Mortgage
$164
LMI Premium
$27,167
Renovation Costs
-
Total Cash/Equity Required
$177,236
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,272
$1,660
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
$24,149
$34,922
Interest Repayments
$62,667
$62,667
Net Cashflow Before Tax
-$38,518
-$27,745
Depreciation
-
-
Tax Offset
-$11,556
-$8,323
Net Cashflow After Tax
-$26,963
-$19,421
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,142,760
$2,065,838
Loan Balance
I.O
$949,500
$949,500
$193,260
$1,116,338
Below are some similar properties in the area you may be interested in.
Location, 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
Construction - 16.0%
Retail Trade - 13.0%
Health Care and Social Assistance - 10.0%
Education and Training - 9.0%
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