$550K
$78,751
Confidence
Medium
High
$560,000
Medium
$500,000
Low
$440,000
Confidence
Medium
"Situated on the New England Highway at 198 Falconer Street Guyra is a recently refurbished mechanics workshop ready for sale. The owner has listed the property with the following 3 phase 15Kw Solar System no power bills to date 4 post 5 tonne hoist 2 post 4.5 tonne hoist Tyre fitting machine balancer 3phase air compressor Office builtin bench Kitchenette bathroom Water storage tanks Fully fenced secure block approx 1092sqm Large Shed with 2nd smaller shed attached Reconcreted floor in large shed Many improvements since purchased Contact our office today to book your inspection 0438 510 375"
4.9%
60.4%
$470K
3.6%
-$10,000
-$14,200
3.1%
2.0%
-17.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$550,000
Estimated Purchase Price
$510,000
Stamp Duty
$17,685
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$51,000
Reg. Mortgage
$164
LMI Premium
$10,182
Renovation Costs
-
Total Cash/Equity Required
$81,226
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$1,014
$1,323
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
$10,008
$14,765
Interest Repayments
$30,294
$30,294
Net Cashflow Before Tax
-$20,286
-$15,529
Depreciation
-
-
Tax Offset
-$6,086
-$4,659
Net Cashflow After Tax
-$14,200
-$10,870
Assumptions
Year 1
Year 10
Property Value
6.8%
$534,000
$965,345
Loan Balance
I.O
$459,000
$459,000
$75,000
$506,345
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2021 Population
Suburbs
Others - 100.0%
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