$899K
$135,403
Confidence
High
High
$1,045,000
Medium
$992,000
Low
$940,000
Confidence
Medium
"Trent Zahra from McGrath West proudly presents 11 Ripley Place, where comfort meets opportunity This charming 3bedroom home is perfect for firsttime buyers and investors alike. Nestled on a spacious 567 sqm block, this property offers plenty of room to grow. With an expansive yard, this home not only provides space for a potential granny flat STCA but also features a safe play area for children and ample room to create your ideal garden. This property could rent for approximately 750 per week, making it an excellent investment opportunity. Dont miss your chance to secure a fantastic home 3 Comfortablesized bedrooms Builtin wardrobes in all Gas cooking and heating Internal laundry with access to the backyard 3 Splitsystem air conditioners Undercover entertaining area Large flat backyard Dual side access Solar panels on the roof Potential rent approximately 750 per week Council rates approximately 433 per quarter Granny flat potential STCA"
-
83.2%
$865K
3.3%
-
-$27,441
2.6%
2.0%
-16.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$990,000
Stamp Duty
$39,285
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$99,000
Reg. Mortgage
$164
LMI Premium
$25,493
Renovation Costs
-
Total Cash/Equity Required
$166,138
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$26,000
$37,006
Property Management
+7.7% PA
$2,002
$2,849
Rates
+3.0% PA
$1,016
$1,326
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
$19,605
$28,425
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$39,201
-$30,381
Depreciation
-
-
Tax Offset
-$11,760
-$9,114
Net Cashflow After Tax
-$27,441
-$21,267
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,057,320
$1,911,383
Loan Balance
I.O
$891,000
$891,000
$166,320
$1,020,383
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2021 Population
Suburbs
Retail Trade - 12.0%
Manufacturing - 10.0%
Transport, Postal and Warehousing - 10.0%
Health Care and Social Assistance - 10.0%
Others - 58.0%
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