$450K
$79,576
Confidence
High
High
$540,000
Medium
$515,000
Low
$490,000
Confidence
High
"LJ Hooker Taree are pleased to offer for sale this outstanding opportunity in the highly sought after Taree West locale. Situated on a 638sqm block in a quiet street, you can be assured that this promising location in a comfortable and wellestablished neighbourhood is the perfect fit for a first home buyer or family looking to enter the market. Neat and tidy with a cosy floorplan and currently renting for 350 per week lease expires Oct 2024, this property is also an ideal find for investors looking to grow their portfolio. Located in the catchment zone for Taree West Primary School just 2km away and a short 650m leisurely walk from the scenic Manning Waters Reserve and river. For a night out to have a meal, Club West is conveniently located only 350m away. The property features include Upon entry, youll find an airconditioned lounge room featuring polished hardwood timber floorboards throughout Adjacent to the lounge room lies the dining and kitchen area, creating a functional and inviting space for meals All three bedrooms are equipped with builtin wardrobes for storage The centrally located bathroom has been updated and features a shower over the bathtub, vanity and separate toilet The sunroom at the back of the home offers a convenient second living space Fully fenced level block includes a garden shed for storage Single car garage, providing secure parking for a vehicle or additional storage space The home boasts a charming street appeal with established gardens and hedges adding to its overall aesthetic. We warmly invite you to join us at one of our upcoming open homes to experience this property firsthand, or please reach out to Justin Atkins on 0417 955 176 or Kelly Sawyer on 0421 025 081 for further details."
-
82.9%
$825K
3.3%
$10,000
-$9,127
4.6%
3.4%
-11.3%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$505,000
Stamp Duty
$17,460
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$50,500
Reg. Mortgage
$164
LMI Premium
$10,082
Renovation Costs
-
Total Cash/Equity Required
$80,401
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,263
$1,648
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
$16,958
$24,687
Interest Repayments
$29,997
$29,997
Net Cashflow Before Tax
-$13,039
-$5,310
Depreciation
-
-
Tax Offset
-$3,912
-$1,593
Net Cashflow After Tax
-$9,127
-$3,717
Assumptions
Year 1
Year 10
Property Value
6.8%
$550,020
$994,305
Loan Balance
I.O
$454,500
$454,500
$95,520
$539,805
Below are some similar properties in the area you may be interested in.
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 - 18.0%
Retail Trade - 14.0%
Accommodation and Food Services - 10.0%
Education and Training - 9.0%
Others - 49.0%
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