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$425K
$68,821
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High
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Medium
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Low
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Confidence
This charming timber cottage offers warmth, character, and a versatile living opportunity. Set on a spacious 1,045m2 block, the property is currently leased until March 2025 at $360 per week, providing immediate rental returns. Ideal for investment or as a serene retreat, it features a light-filled sunroom, a neat kitchen with timber benchtops, three comfortable bedrooms, and additional functional spaces including a utilities room and laundry with a north-facing veranda. Enhancing its appeal are full town services, solar system, and a substantial 4,000-gallon rainwater tank.
Trusted by over 13k property buyers and counting...
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68.2%
$480K
4.6%
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Try Picki for FREE$50,000
-$20,992
-
Asking Price
$425,000
Estimated Purchase Price
$425,000
Stamp Duty
$13,300
Transfer Fee
$1,278
Conveyancing
$1,665
Deposit (10%)
$42,500
Reg. Mortgage
$224
LMI Premium
$9,304
Renovation Costs
-
Total Cash/Equity Required
$68,821
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
Rates
+3.0% PA
$1,093
$1,426
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
-$4,744
-$6,190
Interest Repayments
$25,245
$25,245
Net Cashflow Before Tax
-$29,989
-$31,435
Depreciation
-
-
Tax Offset
-$8,997
-$9,430
Net Cashflow After Tax
-$20,992
-$22,004
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$507,300
$917,078
Loan Balance
I.O
$382,500
$382,500
$124,800
$534,578
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2021 Population
Suburbs
Manufacturing - 18.0%
Agriculture, Forestry and Fishing - 13.0%
Education and Training - 11.0%
Retail Trade - 9.0%
Others - 49.0%
Average Income
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Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % 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
