$460K
$80,401
Confidence
High
High
$480,000
Medium
$465,000
Low
$450,000
Confidence
Moderate
"Presenting a great opportunity to own this spacious apartment. Ideal for first home buyers and investors, offers 2 bedrooms,2 bathrooms, and a secure basement parking spot. Located In a soughtafter block near Wiley Park station, it provides easy access to Wiley Park and Lakemba shopping villages. This residence features a large open plan living area, quality kitchen with plenty of cupboard and bench top space, as well as modern amenities including built in wardrobes and an oversized ensuite off the main bedroom. Security is ensured with a complex featuring a modern lift, Fob access security doors and intercom access. Features include. Two Large bedrooms both with built in wardrobes One Main bathroom with an additionally ensuite off the main bedroom Open plan living areas leading to a Balcony bathed in natural light One Secure basement car parking spot with an additional wash bay for all residents Conveniently located just 350m away from Wiley Park station 1km from Lakemba Station Within the catchment to local schools, as well as only moments away from Lakemba shopping village Water 404pq Council 181pq Summary This spacious apartment presents an excellent opportunity for both first home buyers as well as astute investors. Its prime location near Wiley Park station offers convenient access to transportation, while its proximity to Wiley Park and Lakemba shopping village provides residents with a range of amenities, schools, restaurants and parks on offer."
-
43.4%
-
-
-$30,000
-$7,590
5.0%
3.8%
-9.6%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$459,000
Estimated Purchase Price
$495,000
Stamp Duty
$17,010
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$49,500
Reg. Mortgage
$164
LMI Premium
$9,882
Renovation Costs
-
Total Cash/Equity Required
$78,752
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$18,560
$26,948
Interest Repayments
$29,403
$29,403
Net Cashflow Before Tax
-$10,843
-$2,455
Depreciation
-
-
Tax Offset
-$3,253
-$737
Net Cashflow After Tax
-$7,590
-$1,719
Assumptions
Year 1
Year 10
Property Value
6.8%
$496,620
$897,771
Loan Balance
I.O
$445,500
$445,500
$51,120
$452,271
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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