Withheld
$108,083
Confidence
Medium
High
$700,000
Medium
$660,000
Low
$620,000
Confidence
High
"A Specious and optional 3rd bedroom is a perfect start for a growing family that needs an extra room. Ideally positioned opposite to Parry Park converting it to lifestyle living. Close proximity to both Lakemba and Wiley Park amenities for an ultimate convenience. Entering into the apartment gives you a wow feeling with a huge light filled extralarge living and dining room opening to a square shaped balcony with park view. Fully renovated optional 3 bedroom unit can accommodate both small and medium families. Two extralarge bedrooms with builtins, a separate office or study or 3rd bedroom an added bonus. Freshly renovated kitchen and updated bathroom all ready for you to move in. New carpet, blinds and lighting give you a welcoming feeling. 2 toilets and 2 balconies are fulfilling medium family requirements. All investors please note this is an ideal investment opportunity for your generous return. Rental prospect 700week making it an attractive investment portfolio. Property features 2 Good size bedrooms with builtins and a 3rd optional bedroom StudyOfficebedroom for extra space Huge open plan living and dining Lounge off a big balcony with park view 2nd balcony off optional bedroom Renovated kitchen with brand new dishwasher and stove Good condition bathroom and 2 toilets Internal laundry Lockup garage for your secure parking Park view from balcony Amenities Next to popular Parry Park for your morning and evening walk Multiple muslim and catholic and public schools Walk to both Lakemba and Wiley Park train station and Wangee road mosque Enjoy the eatery and supermarket in Lakemba Short drive to BurwoodBankstownRoselandsCampsie shopping center. Contact Navid on 0402604766 for any questions or view by appointment or during open home as advertised. Disclaimer All information contained herein is gathered from sources we deemed or believed to be reliable. Ray White Lakemba does not warrant the accuracy of the information and interested persons should rely wholly on their own inquiries"
-
33.1%
-
-
-$50,000
-$16,530
3.5%
2.6%
-14.0%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$660,000
Estimated Purchase Price
$710,000
Stamp Duty
$26,685
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$71,000
Reg. Mortgage
$164
LMI Premium
$18,283
Renovation Costs
-
Total Cash/Equity Required
$118,328
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$18,560
$26,948
Interest Repayments
$42,174
$42,174
Net Cashflow Before Tax
-$23,614
-$15,226
Depreciation
-
-
Tax Offset
-$7,084
-$4,568
Net Cashflow After Tax
-$16,530
-$10,658
Assumptions
Year 1
Year 10
Property Value
6.8%
$704,880
$1,274,255
Loan Balance
I.O
$639,000
$639,000
$65,880
$635,255
Below are some similar properties in the area you may be interested in.
Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
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