$620K
$87,000
Confidence
High
High
$825,000
Medium
$775,000
Low
$725,000
Confidence
Medium
"Auction Location ON SITE This delightful 3bedroom brick home, situated in a great location, offers an outstanding opportunity for firsttime buyers, downsizers and savvy investors alike. Close proximity to local bush walking trails, and convenient access to local schools, sporting facilities Summerhayes Park and Winmalee Shopping Village, its perfect for families seeking a hasslefree school commute and lifestyle. The home has been meticulously cared for by its current owner and showcases a sleek modern kitchen with a gas cooktop, dishwasher, and stylish stone bench tops while receiving an abundance of natural light. Polished timber flooring throughout adds a touch of warmth and sophistication. The spacious layout includes separate lounge and dining areas, with the lounge offering even more natural light through a fullsize window. An updated bathroom with a separate toilet adds extra convenience while the single lockup garage completes the package, making this property a great find for those looking for comfort, functionality, and potential growth in value. Approximate 700sqm Block, with ample offstreet parking and room to extend Three generous sized bedrooms of accommodation Split system heatingcooling and ceiling fan to main bedroom Lock up garage, and great front and back yard for gardeners and kids Potential rental return of approximately 670 per week PEST BUILDING REPORT AVAILABLE ON REQUEST Note Vendor has disclosed previous termite activity within the property Disclaimer We have obtained all information herein from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations."
-
79.4%
$940K
3.9%
$25,000
-$16,293
3.8%
2.8%
-13.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$750,000
Estimated Purchase Price
$750,000
Stamp Duty
$28,485
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$75,000
Reg. Mortgage
$164
LMI Premium
$19,313
Renovation Costs
-
Total Cash/Equity Required
$125,158
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
Rates
+3.0% PA
$1,747
$2,279
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
$21,274
$30,887
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$23,276
-$13,663
Depreciation
-
-
Tax Offset
-$6,983
-$4,099
Net Cashflow After Tax
-$16,293
-$9,564
Assumptions
Year 1
Year 10
Property Value
6.8%
$827,700
$1,496,285
Loan Balance
I.O
$675,000
$675,000
$152,700
$821,285
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Accommodation and Food Services - 14.0%
Education and Training - 12.0%
Retail Trade - 11.0%
Others - 46.0%
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