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Withheld
$88,234
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Try Picki for FREEConfidence
High
High
$600,000
Medium
$525,000
Low
$450,000
Confidence
Medium
This property presents a unique opportunity with a large combined land holding of approximately 2000m2 along Military Road, featuring over 21m of frontage. It includes full development approval to construct five double-story homes, while retaining the existing single-story home built in 1990. The current residence is a spacious two-bedroom, two-living area home with potential for modern upgrades and configuration changes. Situated near premier attractions such as the beach and West Lakes lakefront, this location offers exceptional convenience. The vendor is open to flexible settlement and deposit conditions, making this an attractive investment in a highly sought-after area.
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90.3%
$2.2M
1.7%
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Try Picki for FREE$520,000
+
832.0%
Asking Price
$5,000
Estimated Purchase Price
$5,000
Stamp Duty
$50
Transfer Fee
$187
Conveyancing
$1,226
Deposit (10%)
$500
Reg. Mortgage
$187
LMI Premium
$86
Renovation Costs
-
Total Cash/Equity Required
$2,786
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,836
$2,396
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
$33,040
$47,661
Interest Repayments
$297
$297
Net Cashflow Before Tax
$32,743
$47,364
Depreciation
-
-
Tax Offset
$9,823
$14,209
Net Cashflow After Tax
$22,920
$33,155
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$560,700
$1,013,612
Loan Balance
I.O
$4,500
$4,500
$556,200
$1,009,112
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 13.0%
Manufacturing - 11.0%
Construction - 9.0%
Others - 49.0%
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
