$1.7M
$315,802
"This development site in the heart of booming Burpengary town. With nearly 1.160acre land 4695m2 situated at the end of David Street surrounded by other development sites, Perfect investment for a developer. Opportunity to build town houses or units. Can go up to seven story building Subject to Council approval. Currently is with Spanish style cavity brick and tiled family home surrounded by greenery. Property Features include 4 Bedroom 2 bathrooms Pool 6X9 shed. The Location 4 minutes to Burpengary station 5 minutes to M1 northbound southbound 12 minutes to Caboolture hospital Walking distance to Burpengary shopping center 500 meters to McDonalds, Seven eleven Imo car wash 300 meters to St Eugene private school Close to public schools 12 minutes to Northlakes Westfield 40 minutes to Brisbane CBD 49 minutes to Sunshine Coast 1 hour drive to Noosa Heads beach For those looking for a convenient location near essential amenities in Burpengary dont miss out on this opportunity Contact Channa Edirisinghe on 0425141462 for private inspections or more information about this property today"
Below are some similar properties in the area you may be interested in.
7.6%
34.2%
$430K
5.8%
-$645,000
-$53,007
2.0%
1.5%
-16.9%
6.0%
Asking Price
$1,700,000
Estimated Purchase Price
$1,720,000
Stamp Duty
$79,425
Transfer Fee
$6,712
Conveyancing
$1,665
Deposit (10%)
$172,000
Reg. Mortgage
$224
LMI Premium
$53,298
Renovation Costs
-
Total Cash/Equity Required
$313,875
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$1,103
$1,439
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
$26,443
$38,201
Interest Repayments
$102,168
$102,168
Net Cashflow Before Tax
-$75,725
-$63,967
Depreciation
-
-
Tax Offset
-$22,717
-$19,190
Net Cashflow After Tax
-$53,007
-$44,777
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,148,100
$2,075,492
Loan Balance
I.O
$1,548,000
$1,548,000
-$399,900
$527,492
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewLocation, 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
Health Care and Social Assistance - 15.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price