$1.25M
$237,394
Confidence
High
High
$1,267,000
Medium
$1,220,000
Low
$1,173,000
Confidence
Medium
"Set on a private 500.1 sqm battle axe block is a retro style brick veneer home with loads of potential. The home boats an original kitchen with adjoining dining area and a separate formal lounge room. There are 3 spacious bedrooms, the main hosting and ensuite and a spacious guests bathroom. The home oozes the 1980s with many original retro style characteristics. There is off street parking for 4 cars and under cover parking for another 2 cars. Use your imagination and add your own flavor to this unique piece of Real Estate. Land 500.1sqm, Zoned R3 Medium Density Residential. All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice."
-
68.5%
$1.41M
4.3%
$20,000
-$31,528
2.8%
2.2%
-15.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,200,000
Stamp Duty
$49,055
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$120,000
Reg. Mortgage
$164
LMI Premium
$33,909
Renovation Costs
-
Total Cash/Equity Required
$205,324
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,280
$47,368
Property Management
+7.7% PA
$2,563
$3,647
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
$26,239
$37,878
Interest Repayments
$71,280
$71,280
Net Cashflow Before Tax
-$45,041
-$33,402
Depreciation
-
-
Tax Offset
-$13,512
-$10,021
Net Cashflow After Tax
-$31,528
-$23,382
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,302,960
$2,355,442
Loan Balance
I.O
$1,080,000
$1,080,000
$222,960
$1,275,442
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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