$290K
$48,742
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Try Picki for FREEConfidence
Medium
High
$330,000
Medium
$310,000
Low
$290,000
Confidence
Low
Discover a charming light-filled beach cottage in the vibrant Redhead community. This delightful home features two bedrooms, beautiful flooring, and fresh interiors. Enjoy the convenience of a large covered carport and extra car space. With a north-facing location, you'll experience stunning mornings and sunsets from the front porch. The maintenance-free block includes space for a barbecue and clothesline, just 30 meters from a heated community pool and room office. The property offers a lovely garden outlook, a concealed internal laundry, and a well-appointed bathroom. Just 300 meters from the beach, you have access to the Fernleigh track, walking trails, parkland, shops, and transport. Plus, enjoy financial perks with no stamp duty and no exit fees upon selling, alongside an affordable weekly site fee of approximately $200.
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86.1%
-
-
Unlock Property Investment Scores
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Try Picki for FREE-$35,000
-$17,676
-
Asking Price
$319,000
Estimated Purchase Price
$345,000
Stamp Duty
$10,320
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$34,500
Reg. Mortgage
$164
LMI Premium
$6,887
Renovation Costs
-
Total Cash/Equity Required
$54,067
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,381
$1,802
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
-$4,758
-$6,208
Interest Repayments
$20,493
$20,493
Net Cashflow Before Tax
-$25,251
-$26,701
Depreciation
-
-
Tax Offset
-$7,575
-$8,010
Net Cashflow After Tax
-$17,676
-$18,691
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$310,500
$310,500
$20,580
$288,014
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 14.0%
Construction - 9.0%
Education and Training - 9.0%
Others - 50.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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