$585K
$98,759
"Located in our dress circle section of town is this generous sized block of cleared land bordering neighboring properties bush setting yards. The 3 bedroom 2 bath residence has been extensively renovated and now sports all new floor coverings, paint, window dressings, kitchen with oodles of bench and cupboard space, wood fire box, ensuite and family bathroom and laundry. The residence has a full length front verandah facing the North East which is great for morning sunshine in Winter and an huge entertainers patio fully covered at the rear looking over the backyard perfect for keeping an eye on the children and pets at play. The 3 bay sized 2 door garage has a concrete floor and it would be easy to connect power from the house to the garage. Plenty of room for 2 large cars and storageworkshop. Ride on mower can be included just needs a new clutch. There is nothing needed to do here simply move in. OR, she would be a great rental property ask for a rental appraisal. Call Logan Steele."
Below are some similar properties in the area you may be interested in.
-
78%
$480K
6%
-$70,000
-$12,862
4.0%
2.8%
-13.0%
6.0%
Asking Price
$585,000
Estimated Purchase Price
$585,000
Stamp Duty
$19,350
Transfer Fee
$1,952
Conveyancing
$1,665
Deposit (10%)
$58,500
Reg. Mortgage
$224
LMI Premium
$16,519
Renovation Costs
-
Total Cash/Equity Required
$98,760
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
$1,572
$2,051
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
$16,375
$23,926
Interest Repayments
$34,749
$34,749
Net Cashflow Before Tax
-$18,374
-$10,823
Depreciation
-
-
Tax Offset
-$5,512
-$3,247
Net Cashflow After Tax
-$12,862
-$7,576
Assumptions
Year 1
Year 10
Property Value
6.8%
$550,020
$994,305
Loan Balance
I.O
$526,500
$526,500
$23,520
$467,805
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
Agriculture, Forestry and Fishing - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Manufacturing - 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