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$330K
$44,981
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Try Picki for FREEConfidence
High
High
$760,000
Medium
$720,000
Low
$680,000
Confidence
Medium
Discover a spacious haven in Somerton, boasting a generous 1,480sqm block. This property features three comfortable bedrooms and a sleepout, ideal for those seeking an affordable home with room to personalize. Enjoy the expansive living area, equipped with a cozy wood fire and ceiling fans. The kitchen seamlessly connects to the dining area, leading to a verandah perfect for relaxing. Additional spaces include a sunroom and a sizable shed for storage. Reliably serviced by rainwater and a bore, this home is conveniently close to the local roadhouse and pub, with Tamworth, Manilla, and Gunnedah just a short drive away. Embrace the potential of this quiet suburban retreat.
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73.1%
$240K
9.8%
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-$17,902
3.3%
Asking Price
-
Estimated Purchase Price
$720,000
Stamp Duty
$27,135
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$72,000
Reg. Mortgage
$164
LMI Premium
$18,540
Renovation Costs
-
Total Cash/Equity Required
$120,035
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,027
$1,340
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
$17,194
$24,995
Interest Repayments
$42,768
$42,768
Net Cashflow Before Tax
-$25,574
-$17,773
Depreciation
-
-
Tax Offset
-$7,672
-$5,332
Net Cashflow After Tax
-$17,902
-$12,441
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$768,960
$1,390,097
Loan Balance
I.O
$648,000
$648,000
$120,960
$742,097
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 55.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
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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
