Withheld
$49,533
"Positioned in a convenient locale, this circa 1970s prospect is down on its luck but once purchased and modernised will only increase its worth. The bones of the home appear solid and the hardwood floors will shine up nicely but this option will need savvy new owners to revive. Within the timbercladded walls of the concrete tiled roof house lies 3 comfortable bedrooms main with builtins, lounge, meals area and kitchen all needing a full makeover. A basic bathroom, separate toilet and thin, front sunroom complete the accommodation. Below in the low undercroft area provides laundry facilities, dual, secure car accommodation and storage space. Set within the Strathpine PrimaryPine Rivers school catchment and just minutes to bustrain transport and major shoppingdiningsporting services, the location ticks all the boxes. Brimming with promise but requiring plenty of elbow grease and imagination to rejuvenate or check the option to rebuild on the generous block, this tired but sturdy project could be the more affordable opportunity you were looking for Lot 45 RP 119938 Moreton Bay City Council Rates 495 qtrly approx. with no discountswater charges Compliant smoke alarms have been installed. Auction Terms Cash, Unconditional5 deposit via EFT on auction day42 day settlement lesser timeframe can be requested after purchase. NO OFFERS CONSIDERED PRIOR TO PUBLIC AUCTION NOR ARE PRICE EXPECTATIONS APPROVED TO BE CONVEYED As per legislation governed by 2014 Property Occupations Act, we cannot disclose price expectations for sales via public auction in QLD. ALL OTHER INSPECTIONS BY APPOINTMENT BP may be arranged after first advertised open inspectionhave your chosen organisation contact QPT to make appt."
Below are some similar properties in the area you may be interested in.
-
71.3%
$693K
4.5%
$10,000
-$18,019
3.3%
2.4%
-14.6%
6.0%
Asking Price
-
Estimated Purchase Price
$725,000
Stamp Duty
$25,650
Transfer Fee
$2,541
Conveyancing
$1,665
Deposit (10%)
$72,500
Reg. Mortgage
$224
LMI Premium
$20,472
Renovation Costs
-
Total Cash/Equity Required
$123,603
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,920
$34,046
Property Management
+7.7% PA
$1,842
$2,622
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
$17,324
$25,221
Interest Repayments
$43,065
$43,065
Net Cashflow Before Tax
-$25,741
-$17,844
Depreciation
-
-
Tax Offset
-$7,722
-$5,353
Net Cashflow After Tax
-$18,019
-$12,491
Assumptions
Year 1
Year 10
Property Value
6.8%
$784,980
$1,419,057
Loan Balance
I.O
$652,500
$652,500
$132,480
$766,557
Did you know you need to engage a conveyancer when buying a property?
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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