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$490K
$87,327
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High
-
Medium
-
Low
-
Confidence
Discover a serene country escape at 5 Seibel Rd, Lockrose. This low-maintenance cottage is perfect for downsizing or as a weekend getaway. Situated on a flat, usable 2 acres, the property boasts a spacious kitchen, a master bedroom with natural light, a modern bathroom, and a versatile rumpus room. Enjoy amenities like a 12.5kw solar system, town and rainwater storage, and a concreted patio. It's conveniently located close to local amenities and across from Lockrose Primary School. Ideal for outdoor enthusiasts, it offers endless possibilities for gardening, a hobby farm, or leisure activities.
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76.7%
$440K
9.2%
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Try Picki for FREE-$90,000
-$13,571
3.7%
Asking Price
$500,000
Estimated Purchase Price
$540,000
Stamp Duty
$17,325
Transfer Fee
$1,741
Conveyancing
$1,665
Deposit (10%)
$54,000
Reg. Mortgage
$224
LMI Premium
$11,822
Renovation Costs
-
Total Cash/Equity Required
$87,327
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,760
$28,125
Property Management
+7.7% PA
$1,522
$2,166
Rates
+3.0% PA
$1,898
$2,476
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
$12,689
$18,719
Interest Repayments
$32,076
$32,076
Net Cashflow Before Tax
-$19,387
-$13,357
Depreciation
-
-
Tax Offset
-$5,816
-$4,007
Net Cashflow After Tax
-$13,571
-$9,350
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$486,000
$486,000
-$5,400
$382,810
Location, 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 - 21.0%
Education and Training - 14.0%
Retail Trade - 9.0%
Health Care and Social Assistance - 8.0%
Others - 48.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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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
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