Withheld
$133,342
Confidence
Medium
High
$820,000
Medium
$780,000
Low
$740,000
Confidence
Low
"Welcome to 11 Rainbow Street, Sandgate, where the Sandgate waterfront is minutes from your doorstep, and behind your gated weatherboard home is a property ready to make your own. As you arrive at the property, you notice the classic white weatherboard faade, which is framed with a hedged fence and latchgate. Down brick stairs, you enter the home into the main living space spacious enough for a large entertainment lounges and TV. The polished timber floors lead you through to the main bedroom, which is generously sized, including a burgundy feature wall, airconditioning unit and a double sliding door wardrobe. The second and third bedrooms are doublesized and each has a ceiling fan plus ample natural light from the windows. The bedrooms are next to the bathroom, which has a vanity with storage, a shower and a separate toilet. Your Lshaped kitchen has all the essentials, including a gas cooktop, ample bench space and a double sink as well as abovebench cupboards for additional storage. The kitchen overlooks the dining area and leads out to the backyard. Downstairs youll find a wellmaintained yard and an underhouse carport. There is extensive space for storage or a workbench, as well as the potential to lift the property and build in underneath. Brimming with charm and potential, here are some features youll love Three large bedrooms each with ceiling fans Builtin robe in the master room Air conditioning in the master room Multiple living areas Lshaped kitchen with all essential appliances Polished timber floorboards Weatherboard home which has been well maintained inside and out Minutes from Sandgate train station and a short walk to Sandgate waterfront The property offers so much to the market, with its prime location near the waterfront, you can enjoy easy access to one of the only waterfront suburbs in north Brisbane. You also have the opportunity to live comfortably in the home and even create your dream space through cosmetic or larger renovations in this desirable, family friendly community. Disclaimer This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes Disclaimer We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement."
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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 - 13.0%
Professional, Scientific and Technical Services - 10.0%
Education and Training - 9.0%
Retail Trade - 8.0%
Others - 60.0%
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
Asking Price
-
Estimated Purchase Price
$780,000
Stamp Duty
$28,125
Transfer Fee
$2,752
Conveyancing
$1,665
Deposit (10%)
$78,000
Reg. Mortgage
$224
LMI Premium
$22,025
Renovation Costs
-
Total Cash/Equity Required
$133,342
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
$1,360
$1,774
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
$16,587
$24,203
Interest Repayments
$46,332
$46,332
Net Cashflow Before Tax
-$29,745
-$22,129
Depreciation
-
-
Tax Offset
-$8,923
-$6,639
Net Cashflow After Tax
-$20,821
-$15,490
Assumptions
Year 1
Year 10
Property Value
6.8%
$833,040
$1,505,938
Loan Balance
I.O
$702,000
$702,000
$131,040
$803,938