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$1.3M
$235,852
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,350,000
Medium
$1,250,000
Low
$1,150,000
Confidence
Medium
This beautiful 6.47-acre property in Summerholm blends modern living with rural charm. The near-new home, completed in 2024, features an open-plan design with multiple living spaces, a swim spa, and an alfresco area. Sustainable elements include a 10.4kw solar system and three large rainwater tanks. The property is versatile, offering space for livestock with two fenced paddocks. Additional conveniences include two 40ft containers, one converted into a retreat, with parking suitable for a caravan or boat. Located just 6 minutes from Plainland, this property is perfect for enjoying privacy and access to amenities.
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87.9%
$950K
3.8%
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Try Picki for FREE-$60,000
-$37,188
2.5%
Asking Price
$1,299,000
Estimated Purchase Price
$1,310,000
Stamp Duty
$55,850
Transfer Fee
$4,985
Conveyancing
$1,665
Deposit (10%)
$131,000
Reg. Mortgage
$224
LMI Premium
$40,593
Renovation Costs
-
Total Cash/Equity Required
$234,868
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$32,760
$46,628
Property Management
+7.7% PA
$2,523
$3,590
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
$24,688
$35,797
Interest Repayments
$77,814
$77,814
Net Cashflow Before Tax
-$53,126
-$42,017
Depreciation
-
-
Tax Offset
-$15,938
-$12,605
Net Cashflow After Tax
-$37,188
-$29,412
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,335,000
$2,413,362
Loan Balance
I.O
$1,179,000
$1,179,000
$156,000
$1,234,362
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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
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Average Days of Supply
No data available
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Sold Price
Asking Price
