$1.25M
$192,010
Confidence
High
High
$1,550,000
Medium
$1,450,000
Low
$1,350,000
Confidence
Medium
"Red Carpet Event Wednesday, 30th October, at Revesby Workers Club 2B Brett St, Revesby at 630pm. Registrations from 600pm. Set on a generous 657sqm level parcel with an impressive 15.24m street frontage, this classic elevated threebedroom brick home offers a superb opportunity for enhancement or development into contemporary duplexes, subject to council approval. The property is ideally situated just minutes walk from shops, transport, and bushwalking tracks. Featuring a northfacing backyard, the home takes full advantage of its elevated position, offering surrounding views. It includes a drivethrough garage with access to a large rear yard, which features storage sheds and a spacious teenage retreat. Inside, the ample space and natural light provide an inspiring canvas for renovation. This property presents a great opportunity to either live in, rent out, or rebuild a dream home or dual occupancy. It is conveniently close to parks, local village shops, and cafs, and is just a 3minute drive to Padstow Heights Public School, 5 minutes to Picnic Point High School, and 7 minutes to Padstow Station. Features include Enjoying a premier position with a north facing yard Set on a large 657m2 block with a 15.24m street frontage Incredible scope to redevelop with dual occupancy STCA Potential to recreate as designer duplexes with council permission Views at the back over surrounding area , ideal for tradesperson So much storage with storage sheds and a teenage retreat Well positioned just 3 mins to Padstow Heights Public School Close to transport and bus stop only 8 mins to Padstow station Disclaimer All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries."
-
87.1%
$1.45M
3.4%
$155,000
-$36,822
2.4%
1.9%
-16.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$1,400,000
Estimated Purchase Price
$1,295,000
Stamp Duty
$54,280
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$129,500
Reg. Mortgage
$164
LMI Premium
$36,594
Renovation Costs
-
Total Cash/Equity Required
$222,734
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
$1,101
$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
$24,320
$35,145
Interest Repayments
$76,923
$76,923
Net Cashflow Before Tax
-$52,603
-$41,778
Depreciation
-
-
Tax Offset
-$15,781
-$12,533
Net Cashflow After Tax
-$36,822
-$29,244
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,548,600
$2,799,500
Loan Balance
I.O
$1,165,500
$1,165,500
$383,100
$1,634,000
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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