$800K
$120,035
Confidence
High
High
$950,000
Medium
$890,000
Low
$830,000
Confidence
Medium
"This singlelevel gem is simply bursting with promise and opportunity, offering versatility at its core. Currently configured as two flats, it holds outstanding potential and endless possibilities for buyers looking to make their mark in the hugely popular Cardiff real estate market by returning it into a substantial family home or offering investors an excellent return on their investment. Superbly presented, each flat is occupied, attractive, separately metered for electricity and separately accessed. Unit 1 features a 2bedroom2bathroom layout and Unit 2 features 2bedrooms and 1bathroom. Each boasts openplan living, a large gasappointed kitchen, a verandah or deck, a private laundry and a rare and generously sized backyard. Unit 1 includes a single carport. This is also a golden opportunity for a savvy firsttime buyer to live in one flat and rent the other for a solid step onto the property ladder. Another major plus is this propertys central location its within walking distance of Cardiff CBD and station so will always hold great appeal for tenants. Just 2300m away youll find Stockland Glendale for a full retail, dining and cinema experience with nearby Boolaroo offering bigticket shopping at Bunnings or Costco. For a picturesque day out or waterfront dining, Warners Bay is a smidge over 5km. Versatile real estate opportunity keep as two flats or return to a family home Renovated in recent years, each flat has brand new carpet Four bedrooms two in each, one with a handy study nook Bright and airy open plan areas serviced by wellpresented kitchens Shower bathrooms in each flat, Unit 1 also includes a master ensuite Splitsystem airconditioning, one alfresco deck, one veranda, secure yards Walk to leafy parks and a bustling town centre with supermarkets and eateries Abundant under house storage, community garden in rear lane Disclaimer We have obtained this property information from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations."
-
70.9%
-
-
$15,000
-$17,875
3.9%
3.0%
-12.2%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$875,000
Stamp Duty
$34,110
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$87,500
Reg. Mortgage
$164
LMI Premium
$22,532
Renovation Costs
-
Total Cash/Equity Required
$146,501
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,381
$1,802
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
$26,439
$38,196
Interest Repayments
$51,975
$51,975
Net Cashflow Before Tax
-$25,536
-$13,779
Depreciation
-
-
Tax Offset
-$7,661
-$4,134
Net Cashflow After Tax
-$17,875
-$9,646
Assumptions
Year 1
Year 10
Property Value
6.8%
$950,520
$1,718,314
Loan Balance
I.O
$787,500
$787,500
$163,020
$930,814
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
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