Withheld
$2,215
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
Medium
Explore a quaint 3-bedroom home nestled on a flat block in serene Lockyer Waters, offering a tranquil country lifestyle. The property requires some work but stands as an ideal entry point into the housing market with acreage. Features include an eat-in kitchen, a separate living area, and practical amenities such as a large shed, 3-bay undercover parking, stable, dam, and tank water. Currently tenanted until November 18, 2024, with a return of $350 per week. A great opportunity with sustainable water solutions and ample space for car storage and equestrian needs.
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 21.0%
Education and Training - 14.0%
Retail Trade - 9.0%
Health Care and Social Assistance - 8.0%
Others - 48.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
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
0%
92.7%
$660K
551.5%
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Try Picki for FREE$45,000
-$12,947
3.8%
Asking Price
$570,000
Estimated Purchase Price
$525,000
Stamp Duty
$16,800
Transfer Fee
$1,699
Conveyancing
$1,665
Deposit (10%)
$52,500
Reg. Mortgage
$224
LMI Premium
$11,493
Renovation Costs
-
Total Cash/Equity Required
$84,931
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,898
$2,476
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
$12,689
$18,719
Interest Repayments
$31,185
$31,185
Net Cashflow Before Tax
-$18,496
-$12,466
Depreciation
-
-
Tax Offset
-$5,549
-$3,740
Net Cashflow After Tax
-$12,947
-$8,726
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$472,500
$472,500
$136,260
$627,993