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$390K
$61,808
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
This unique property in Gawler South offers a dual dwelling experience, comprising a 1990s-built villa with three bedrooms and an additional stone cottage. The villa requires significant renovation with features like a kitchen, meals area, lounge, bathroom, bull nose verandah, and high ceilings. On a 662m2 block, the potential for added value is high, but the deteriorated condition of the stone cottage necessitates further consultation with the Gawler Council for renovation or redevelopment possibilities. Conveniently located near local services and the train station, it's a rare opportunity for those willing to invest in extensive work.
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70.9%
$565K
3.9%
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Try Picki for FREE$90,000
-$333
7.9%
Asking Price
$390,000
Estimated Purchase Price
$360,000
Stamp Duty
$14,330
Transfer Fee
$3,299
Conveyancing
$1,226
Deposit (10%)
$36,000
Reg. Mortgage
$187
LMI Premium
$8,035
Renovation Costs
-
Total Cash/Equity Required
$63,627
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
$1,968
$2,568
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$20,909
$30,410
Interest Repayments
$21,384
$21,384
Net Cashflow Before Tax
-$475
$9,026
Depreciation
-
-
Tax Offset
-$143
$2,708
Net Cashflow After Tax
-$333
$6,318
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$324,000
$324,000
$156,600
$544,810
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2021 Population
Suburbs
Retail Trade - 19.0%
Health Care and Social Assistance - 19.0%
Education and Training - 12.0%
Accommodation and Food Services - 10.0%
Others - 40.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
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projected
for 2025 to 2027
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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
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
