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$400K
$70,904
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$480,000
Medium
$450,000
Low
$420,000
Confidence
Medium
Discover a great opportunity in this 1962-built home, ideal for first-time buyers or investors. It features three spacious bedrooms, an updated kitchen, and a remodeled bathroom. Enjoy comfort with heating and cooling throughout the year. The open-plan kitchen and dining area suits casual meals, while a roomy lounge offers relaxation. The 422m2 lot boasts a vast backyard, ready for your creative touch. Conveniently located near schools, shopping, and transport, this property promises potential growth. It's tenanted at $375 per week until June 2025, with a rental estimate of $390-$410 per week.
Trusted by over 13k property buyers and counting...
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50.8%
$510K
4.3%
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Try Picki for FREE$100,000
-$898
7.7%
Asking Price
$350,000
Estimated Purchase Price
$350,000
Stamp Duty
$13,830
Transfer Fee
$3,203
Conveyancing
$1,226
Deposit (10%)
$35,000
Reg. Mortgage
$187
LMI Premium
$7,812
Renovation Costs
-
Total Cash/Equity Required
$61,808
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$27,040
$38,486
Property Management
+7.7% PA
$2,082
$2,963
Rates
+3.0% PA
$1,930
$2,518
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
$19,507
$28,411
Interest Repayments
$20,790
$20,790
Net Cashflow Before Tax
-$1,283
$7,621
Depreciation
-
-
Tax Offset
-$385
$2,286
Net Cashflow After Tax
-$898
$5,334
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$480,600
$868,810
Loan Balance
I.O
$315,000
$315,000
$165,600
$553,810
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2021 Population
Suburbs
Health Care and Social Assistance - 22.0%
Retail Trade - 14.0%
Manufacturing - 11.0%
Education and Training - 11.0%
Others - 42.0%
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
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
