$430K
$68,029
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
Discover tranquility at 31 Hospital Hill Road in Araluen valley. This 2-bedroom, 1-bathroom cottage offers a peaceful lifestyle with stunning 360-degree mountain views. The property spans 2 acres and includes modern amenities like a gas hot water system, new roofing, and a small solar system. Enjoy fresh water from a bore, a fully enclosed veggie garden and orchard, and ample water storage with a 20,000-liter tank. With additional building entitlement, the option to expand your dream home awaits. Priced at $450,000, it presents an exceptional opportunity for a permanent residence or a serene getaway.
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90.8%
$1.35M
2.3%
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-$9,104
4.4%
Asking Price
$450,000
Estimated Purchase Price
$450,000
Stamp Duty
$14,985
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$45,000
Reg. Mortgage
$164
LMI Premium
$8,984
Renovation Costs
-
Total Cash/Equity Required
$71,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,137
$1,484
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
$13,724
$20,069
Interest Repayments
$26,730
$26,730
Net Cashflow Before Tax
-$13,006
-$6,661
Depreciation
-
-
Tax Offset
-$3,902
-$1,998
Net Cashflow After Tax
-$9,104
-$4,662
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$405,000
$405,000
$75,600
$463,810
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2021 Population
Suburbs
Construction - 15.0%
Public Administration and Safety - 13.0%
Health Care and Social Assistance - 10.0%
Retail Trade - 9.0%
Others - 53.0%
Average Income
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projected
for 2024 to 2026
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Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
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Sold Price
Asking Price