Withheld
$40,925
"Calling all renovators, builders, and savvy investors...BEAT THE BANK....WHAT AN OPPORTUNITY This property at 1 Magenta Crescent, Narangba, is a renovators dream, ready for those with vision to transform and profit. Whether youre a builder looking to renovate, a family ready to put in some elbow grease to grow significant equity with effort, a flipper aiming for maximum returns, or an investor seeking your next big project, this is your chance to capitalize on an outstanding opportunity. A cracking location in a tremendous growth corridor, this home needs some serious TLC including plasterwork, bathroom updates, new carpets, fresh paint and landscaping making it perfect for those who love a mammoth project with incredible potential. With the right improvements, you could potentially see a 4050 profit on your investment. FEATURES 3 Living Areas Plenty of space for flexible living arrangements or modern openplan designs 4 Bedrooms 2 Bathrooms Opportunity to upgrade the existing layout for maximum appeal and comfort. Great Side Access Off Street Parking Ideal for tradies or those needing space for boats, trailers or caravans. Shed Double LockUp Garage Plenty of storage and workspace for future owners and a wonderful outdoor entertaining space. Located in a fantastic area of Narangba, close to schools, parks and amenities, this property is perfect for those looking to break into the market or experienced renovators aiming for significant returns. ACT FAST.....THIS ONE WONT LAST Sellers may choose to accept an offer prior to Auction may well be flexible in their terms to suit a broads range of buyer profile needs."
Below are some similar properties in the area you may be interested in.
-
90.8%
$795K
4.7%
$10,000
-$17,074
3.7%
2.8%
-12.9%
6.0%
Asking Price
-
Estimated Purchase Price
$775,000
Stamp Duty
$27,900
Transfer Fee
$2,752
Conveyancing
$1,665
Deposit (10%)
$77,500
Reg. Mortgage
$224
LMI Premium
$21,884
Renovation Costs
-
Total Cash/Equity Required
$132,475
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
$46,035
$46,035
Net Cashflow Before Tax
-$24,391
-$14,666
Depreciation
-
-
Tax Offset
-$7,317
-$4,400
Net Cashflow After Tax
-$17,074
-$10,266
Assumptions
Year 1
Year 10
Property Value
6.8%
$838,380
$1,515,592
Loan Balance
I.O
$697,500
$697,500
$140,880
$818,092
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
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