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$530K
$85,457
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$570,000
Low
$540,000
Confidence
Not Found
Discover a prime real estate opportunity in Elizabeth Grove. This classic 1962 solid brick home is nestled on a substantial lot, ideal for both homeowners and investors. Just a stone's throw from the Lyell McEwin Hospital, local shops, and the Elizabeth City Centre, convenience is at your doorstep. Offering a formal lounge, a combined kitchen and meals area, and three bedrooms, one with a large family room extension. With a carport, garage, and a spacious backyard, the potential here is vast. A bit of TLC can elevate this gem, and the sizable land even holds subdivision possibilities, pending council approvals.
Trusted by over 13k property buyers and counting...
Try Picki for FREE31.4%
30.5%
$449K
6.4%
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Try Picki for FREE$75,000
-$24,398
-
Asking Price
$530,000
Estimated Purchase Price
$495,000
Stamp Duty
$21,080
Transfer Fee
$4,643
Conveyancing
$1,226
Deposit (10%)
$49,500
Reg. Mortgage
$187
LMI Premium
$11,049
Renovation Costs
-
Total Cash/Equity Required
$88,235
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+7.7% PA
-
-
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
-$5,451
-$7,112
Interest Repayments
$29,403
$29,403
Net Cashflow Before Tax
-$34,854
-$36,515
Depreciation
-
-
Tax Offset
-$10,456
-$10,955
Net Cashflow After Tax
-$24,398
-$25,561
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$608,760
$1,100,493
Loan Balance
I.O
$445,500
$445,500
$163,260
$654,993
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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...
Try Picki for FREEAverage Population
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
