Withheld
$241,633
Confidence
High
High
$1,500,000
Medium
$1,400,000
Low
$1,300,000
Confidence
Medium
"If space and accommodation is what you are after, whether that be for the toys, the trailer, the toddlers or to lease out to a tenant, then look no further than 27 Jones Road in Buderim. With a potential rental income of 1,200 per week, this property is ideal for those seeking a solid return in a desirable area. The versatility of the home is a key featureit can either remain a dual key investment, offering separate rental opportunities for the upstairs and downstairs flats, the home can also be transformed into a spacious family home by opening up the internal staircase, or as the current owners have done, live downstairs whilst the upstairs makes you an easy passive income. Set on an elevated 1,179sqm block, the property boasts a prime location, just moments from Buderim Village, schools, and beaches, with easy access to the Bruce Highway, making it perfect for commuters. Inside, the home features four large bedrooms with builtin robes, three modern bathrooms, and two wellsized kitchens. The abundance of living areas on both levels offer ample space for comfort and functionality. Outdoor living is well catered for, with balconies and entertaining areas on both sides of the home, while a separate shed, and offstreet parking provide plenty of space for vehicles and storage. Property Features Dual living arrangement with potential to convert into a spacious family home Positioned on an elevated 1,179sqm block North facing balconies Newly renovated outdoor entertaining area Light and airy livingdining spaces both upstairs and down Split System air conditioning throughout Ample parking options with a separate shed, and a heap of offstreet parking Four generously sized bedrooms, each with builtin robes Three contemporary bathrooms Two wellappointed kitchens Conveniently close to Buderim Village, Schools, and Beaches Quick access to the Bruce Highway, perfect for the commute to work Whether you choose to continue renting the property or use it as a family home, this dual living setup offers an excellent investment for the future. Owners are moving North and this property MUST BE SOLD at or before auction."
-
85.6%
$1.29M
3.2%
$55,000
-$27,604
3.7%
3.0%
-11.4%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$1,345,000
Stamp Duty
$57,863
Transfer Fee
$5,154
Conveyancing
$1,665
Deposit (10%)
$134,500
Reg. Mortgage
$224
LMI Premium
$41,678
Renovation Costs
-
Total Cash/Equity Required
$241,633
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$49,400
$70,312
Property Management
+7.7% PA
$3,804
$5,414
Rates
+3.0% PA
$1,487
$1,940
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$40,458
$58,194
Interest Repayments
$79,893
$79,893
Net Cashflow Before Tax
-$39,435
-$21,699
Depreciation
-
-
Tax Offset
-$11,830
-$6,510
Net Cashflow After Tax
-$27,604
-$15,190
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,495,200
$2,702,966
Loan Balance
I.O
$1,210,500
$1,210,500
$284,700
$1,492,466
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2021 Population
Suburbs
Health Care and Social Assistance - 16.0%
Retail Trade - 12.0%
Education and Training - 10.0%
Accommodation and Food Services - 9.0%
Others - 53.0%
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