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$495K
$88,649
Unlock Appraised Value
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Try Picki for FREEConfidence
Medium
High
$550,000
Medium
$495,000
Low
$440,000
Confidence
Not Found
In a burgeoning residential area, this 669.7 sq metre level block presents an excellent opportunity for development. With two neighboring properties still under construction, this parcel stands ready to accommodate varied home designs, including dual occupancy, subject to council approval. Adjacent to a designated open reserve, this location offers a balance of convenience and tranquility, being close to Scotts Head primary school and just moments from the beach, social amenities, and commercial hubs.
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86%
-
-
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Try Picki for FREE-$35,000
-$25,134
-
Asking Price
$495,000
Estimated Purchase Price
$530,000
Stamp Duty
$18,585
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$53,000
Reg. Mortgage
$164
LMI Premium
$10,581
Renovation Costs
-
Total Cash/Equity Required
$84,526
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,046
$1,365
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
-$4,423
-$5,771
Interest Repayments
$31,482
$31,482
Net Cashflow Before Tax
-$35,905
-$37,253
Depreciation
-
-
Tax Offset
-$10,772
-$11,176
Net Cashflow After Tax
-$25,134
-$26,077
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Year 1
Year 10
Property Value
6.8%
$528,660
$955,692
Loan Balance
I.O
$477,000
$477,000
$51,660
$478,692
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2021 Population
Suburbs
Health Care and Social Assistance - 17.0%
Construction - 13.0%
Retail Trade - 11.0%
Accommodation and Food Services - 10.0%
Others - 49.0%
Average Income
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projected
for 2025 to 2027
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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
