$1.79M
$343,684
Confidence
High
High
$1,800,000
Medium
$1,700,000
Low
$1,600,000
Confidence
Medium
"An exceptional opportunity for the astute buyer to secure a prime piece of real estate. This expansive, fullbrick family home is set on a spacious 645sqm block, offering immense potential with R4 zoning, perfect for families, investors, and developers alike duplex opportunity subject to council approval. Ideally located just 800m approx from the upcoming Metro train station, this property boasts proximity to schools, Beamish Street shopping village, and a vibrant selection of coffee shops and restaurants. Close to Peter Moore Field and Belmore Sports Ground, its the perfect blend of convenience and opportunity. Features Include ThreeFour spacious bedrooms. Separate lounge dining areas. Freshly painted throughout. Brand new kitchen with gas cooking. Renovated bathroom. New laminate flooring. High ornate ceilings. Sundrenched backyard. Side driveway access. Land area 645sqm block with a 16m frontage approx. Zoned R4 highdensity residential. Contact George Vourlas at 0412 074 222. Auction on site Saturday 19th October 2024 at 1230pm. Dont miss this rare chance to capitalise on a prime corner location and unlock its full potential. DISCLAIMER While Robert R Andrew Campsie have taken all care in preparing this information and used their best endeavours to ensure that the information contained herein is true and accurate, we accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained. Robert R Andrew Campsie urge prospective purchasers to make their own enquiries to verify the information contained herein."
12.4%
28.8%
$1.28M
2.8%
$25,000
-$45,903
2.5%
2.0%
-15.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,675,000
Stamp Duty
$75,180
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$167,500
Reg. Mortgage
$164
LMI Premium
$47,332
Renovation Costs
-
Total Cash/Equity Required
$292,372
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,101
$1,437
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
$33,919
$48,808
Interest Repayments
$99,495
$99,495
Net Cashflow Before Tax
-$65,576
-$50,687
Depreciation
-
-
Tax Offset
-$19,673
-$15,206
Net Cashflow After Tax
-$45,903
-$35,481
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,815,600
$3,282,173
Loan Balance
I.O
$1,507,500
$1,507,500
$308,100
$1,774,673
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2021 Population
Suburbs
Manufacturing - 13.0%
Health Care and Social Assistance - 13.0%
Retail Trade - 10.0%
Construction - 9.0%
Others - 55.0%
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