$799K
$119,146
Confidence
High
High
$740,000
Medium
$710,000
Low
$680,000
Confidence
Moderate
"This property includes a Monster Shed private play ground that Small Builders, Tradies, Renovators and Flippers will recognise the massive existing and future potential of this huge 2,504m2 parcel of land. This site is zoned Low Density Residential including OpenSpace, backing onto Gasworks Creek. Research on the Brisbane City Council website www.brisbane.qld.gov.au is useful to look at CITY PLAN 2014. This property was not recorded as being affected by the Major Events of 1974 and 2011 floods, according to Councils records. However, January 22 has shown some minor flooding which was short term, being quick rise and fall. The existing cottage was built around the1950s and has been home to the current owner since 1983, and the massive shed was built in 2001. Its highly likely that this 1 Bedroom Sleepout, Lounge, KitchenDining will not accommodate a family in comfort these days, so best to remove it, and design a larger residence for Mum, Dad and the kids. Imagine constructing a modern two 2 level contemporary home with drive through rear car access to the monster shedworkshop behind, and storing all sorts of toys, tools, furniture, boat and machinery safely The hidden extra bonus at the back of the property is a generous level open space that wraps around the creek, and currently boasts two 2 large unloved hothouses for Orchidsplants etc. Those structures can easily be removed. However, they are suitable for use asis or someone who loves plants and would enjoy making them in to a Hobby Nursery to tend regularly. Located on the Deagon side of Sandgate CBD access to Brisbane City, Redcliffe Peninsula and Sunshine Coast beaches is super easy by train or bus from the Sandgate interchange. Quality Public Private Schools are so handy like Sacred Heart Primary St Patricks College, as well as Sandgate Primary High Schools, plus recreational facilities Yacht Club, Golf Course, boat ramp and more. Opportunities to secure large parcels of lifestyle land in Postcode 4017 are rapidly disappearing each and every year, due to population growth Disclaimer We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research."
2.4%
78.1%
$758K
4%
$10,000
-$16,487
3.6%
2.6%
-13.8%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
-
Estimated Purchase Price
$700,000
Stamp Duty
$24,525
Transfer Fee
$2,415
Conveyancing
$1,665
Deposit (10%)
$70,000
Reg. Mortgage
$224
LMI Premium
$19,766
Renovation Costs
-
Total Cash/Equity Required
$119,146
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$24,960
$35,526
Property Management
+7.7% PA
$1,922
$2,735
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
$18,027
$26,252
Interest Repayments
$41,580
$41,580
Net Cashflow Before Tax
-$23,553
-$15,328
Depreciation
-
-
Tax Offset
-$7,066
-$4,598
Net Cashflow After Tax
-$16,487
-$10,729
Assumptions
Year 1
Year 10
Property Value
6.8%
$758,280
$1,370,790
Loan Balance
I.O
$630,000
$630,000
$128,280
$740,790
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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