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$790K
$128,018
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Try Picki for FREEConfidence
High
High
$840,000
Medium
$790,000
Low
$740,000
Confidence
Medium
Discover an enticing opportunity. Situated on a 969m2 corner block, this property offers prime space for a business such as a petrol station or workshop. It includes an engineering works license (STCA) and features valuable assets like a house, workshop, air compressor, racking, and 3-phase power. The existing house is ready for renovation or rebuilding, while the large shed and office space provide potential rental income.
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Try Picki for FREELocation, 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 - 14.0%
Manufacturing - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Others - 52.0%
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
Below are some similar properties in the area you may be interested in.
4.6%
70.3%
$548K
5.7%
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Try Picki for FREE$40,000
-$20,627
2.9%
Asking Price
$790,000
Estimated Purchase Price
$750,000
Stamp Duty
$26,775
Transfer Fee
$2,626
Conveyancing
$1,665
Deposit (10%)
$75,000
Reg. Mortgage
$224
LMI Premium
$21,178
Renovation Costs
-
Total Cash/Equity Required
$128,018
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$21,840
$31,085
Property Management
+7.7% PA
$1,682
$2,394
Rates
+3.0% PA
$1,424
$1,858
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
$15,083
$22,070
Interest Repayments
$44,550
$44,550
Net Cashflow Before Tax
-$29,467
-$22,480
Depreciation
-
-
Tax Offset
-$8,840
-$6,744
Net Cashflow After Tax
-$20,627
-$15,736
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$843,720
$1,525,245
Loan Balance
I.O
$675,000
$675,000
$168,720
$850,245
