$899K
$138,665
"Are you looking for a renovator close to the water and with views Or are you looking to land bank and build later If the answer is YES, then this may just be the home for you. This 3bedroom home is situated on a 574m2 corner block with views across the sporting fields to Bramble Bay. You will need to get in quick to avoid disappointment. FEATURES 3 good sized bedrooms 1 bathroom Separate toilet The living area and enclosed sunroom overlook the sporting fields to the bay A total of 3 garage spaces including a 2bay shed with mezzanine for storage 574m2 corner block Ample room for a pool LOCATION 2minute walk to the Woody Point foreshore and parklands 2minute walk to the Bramble Bay Bowls Club 5minute walk to the Belvedere Hotel Minutes from a number of schools Minutes to the Hornibrook Bridge 25minute drive to the Brisbane Airport"
-
69.9%
$895K
3.5%
$45,000
-$22,895
3.1%
2.4%
-14.6%
6.0%
Asking Price
$990,000
Estimated Purchase Price
$915,000
Stamp Duty
$34,200
Transfer Fee
$3,342
Conveyancing
$1,665
Deposit (10%)
$91,500
Reg. Mortgage
$224
LMI Premium
$25,837
Renovation Costs
-
Total Cash/Equity Required
$157,319
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$28,600
$40,707
Property Management
+7.7% PA
$2,202
$3,134
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
$21,644
$31,369
Interest Repayments
$54,351
$54,351
Net Cashflow Before Tax
-$32,707
-$22,982
Depreciation
-
-
Tax Offset
-$9,812
-$6,894
Net Cashflow After Tax
-$22,895
-$16,087
Assumptions
Year 1
Year 10
Property Value
6.8%
$1,025,280
$1,853,462
Loan Balance
I.O
$823,500
$823,500
$201,780
$1,029,962
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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 Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price