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$730K
$121,743
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Try Picki for FREEConfidence
High
High
$740,000
Medium
$680,000
Low
$620,000
Confidence
Medium
This charming 3-bedroom, 1-bathroom home, located in Gormans Hill, is just minutes from Bathurst's CBD. Resting on a substantial 1777m2 block, the property offers immense potential for investors or those valuing space. The residence features a large lounge, open-plan kitchen and dining area, and a cozy sunroom. The expansive block presents various opportunities, such as extending the residence or developing gardens, all subject to council approval. Approved subdivision plans are available, enhancing its investment appeal.
Trusted by over 13k property buyers and counting...
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41%
$637K
4.1%
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Try Picki for FREE-$50,000
-$15,992
3.7%
Asking Price
$730,000
Estimated Purchase Price
$730,000
Stamp Duty
$27,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$73,000
Reg. Mortgage
$164
LMI Premium
$18,798
Renovation Costs
-
Total Cash/Equity Required
$121,743
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,064
$1,388
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
$20,517
$29,728
Interest Repayments
$43,362
$43,362
Net Cashflow Before Tax
-$22,845
-$13,634
Depreciation
-
-
Tax Offset
-$6,854
-$4,090
Net Cashflow After Tax
-$15,992
-$9,544
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$726,240
$1,312,869
Loan Balance
I.O
$657,000
$657,000
$69,240
$655,869
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2021 Population
Suburbs
Health Care and Social Assistance - 14.0%
Education and Training - 13.0%
Retail Trade - 11.0%
Public Administration and Safety - 9.0%
Others - 53.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
