$320K
$45,734
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$330,000
Medium
$310,000
Low
$290,000
Confidence
Medium
Discover a promising investment or perfect starter home in Charles Street, Manilla. This two-bedroom residence, currently leased at $275 per week, offers practical living spaces including a modern kitchen, a central bathroom with a shower over bath, and a spacious lounge room with a split system. The addition of built-ins in the main bedroom, a single lock-up garage with a carport, and an enclosed sunroom enhances its appeal. Set in a tranquil location, this property provides an opportunity to craft a personalized haven or expand your portfolio.
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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
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 55.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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
0%
70.3%
$375K
4.8%
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Try Picki for FREE$5,000
-$4,342
5.8%
Asking Price
$320,000
Estimated Purchase Price
$305,000
Stamp Duty
$8,920
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$30,500
Reg. Mortgage
$164
LMI Premium
$4,706
Renovation Costs
-
Total Cash/Equity Required
$46,486
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$17,680
$25,164
Property Management
+7.7% PA
$1,361
$1,938
Rates
+3.0% PA
$1,027
$1,340
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
$11,915
$17,480
Interest Repayments
$18,117
$18,117
Net Cashflow Before Tax
-$6,202
-$637
Depreciation
-
-
Tax Offset
-$1,861
-$191
Net Cashflow After Tax
-$4,342
-$446
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$274,500
$274,500
$56,580
$324,014