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$1.5M
$251,268
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,650,000
Medium
$1,500,000
Low
$1,350,000
Confidence
Medium
This exceptional property in Avoca offers tremendous potential, featuring a solid 3-bedroom brick home on a 5,463m block. Ready for renovation, expansion, or as a steady rental, the real value lies in its vast land, perfect for development possibilities subject to council approval. Equipped with a large double-bay shed and set in a prime location with easy access to schools and shopping, this property balances privacy and convenience, making it ideal for investors or families seeking future growth.
Trusted by over 13k property buyers and counting...
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80.9%
$600K
5.5%
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Try Picki for FREE$30,000
-$41,346
2.4%
Asking Price
$1,500,000
Estimated Purchase Price
$1,420,000
Stamp Duty
$62,175
Transfer Fee
$5,448
Conveyancing
$1,665
Deposit (10%)
$142,000
Reg. Mortgage
$224
LMI Premium
$44,002
Renovation Costs
-
Total Cash/Equity Required
$256,065
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$33,800
$48,108
Property Management
+7.7% PA
$2,603
$3,704
Rates
+3.0% PA
$2,264
$2,954
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
$25,282
$36,686
Interest Repayments
$84,348
$84,348
Net Cashflow Before Tax
-$59,066
-$47,662
Depreciation
-
-
Tax Offset
-$17,720
-$14,299
Net Cashflow After Tax
-$41,346
-$33,363
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,548,600
$2,799,500
Loan Balance
I.O
$1,278,000
$1,278,000
$270,600
$1,521,500
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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
Health Care and Social Assistance - 17.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 10.0%
Education and Training - 9.0%
Others - 52.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2024 to 2026
Create a free account to access the tools and information you need to make the best property investment decisions.
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
